Marico clocks double-digit revenue growth in Q1FY26, maintains brand-building investments

FMCG giant Marico delivered a 'double-digit' revenue growth in the first quarter of fiscal year 2026. The maker of the Parachute oil brand clocked a revenue growth in the low twenties between the April-June quarter in FY26, marking a strong start on a full-year basis.

In a stock exchange filing, Marico mentioned, "Consolidated revenue growth on a year-on-year basis stood in the low twenties, marking a strong start towards delivering double-digit growth on a full year basis, underpinned by the strengthening volume trajectory".

During the Q1 FY25, Marico's revenue was up 6.7% to Rs 2,643 crore.

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Marico said that in the first quarter of FY26, the FMCG company experienced robust demand, driven by improved rural market and steady urban sentiment.

The company has anticipated a gradual improvement in demand in the upcoming quarters due to ease in inflation, favourable monsoon, and policy stimulus.

Marico's international business delivered 'high-teen' growth in constant currency, primarily driven by the Bangladesh market.

"The International business delivered high-teen constant currency growth, driven by broad-based growth across most markets. Bangladesh continued to exhibit visible resilience with high-teen constant currency growth," according to the company.

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In the domestic market, underlying volume growth improved sequentially due to positive trends in the core franchises and continuous scale-up of new businesses. Saffola Oils posted a healthy performance with revenue growth in the high twenties, backed by mid-single-digit volume growth.

However, Parachute witnessed a marginal dip in volumes due to the unprecedented hyperinflationary input cost and pricing conditions. Value Added Hair Oils grew in low double digits in Q1 FY26.

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Marico has projected to maintain healthy growth momentum in full fiscal 2026, aided by investments from trade-led activations to brand-building initiatives.

"Despite the input cost push, we maintained brand-building investments in line with our strategic intent to strengthen the long-term equity of our franchises and accelerate portfolio diversification," Marico mentioned.