Marico Q2 Results: Profit Jumps 31%, 200-Bps Margin Expansion Is The Key Highlight

Marico reported a strong improvement in its September-quarter earnings, with consolidated net profit rising 31% year-on-year to Rs 550 crore in Q2 FY27. The company had reported a net profit of Rs 420 crore in the corresponding quarter last year.

Net profit also comfortably exceeded the market estimate of Rs 420 crore. However, revenue growth remained slightly below expectations.

Consolidated revenue increased 13% year-on-year to Rs 3,897 crore from Rs 3,450 crore in Q2 FY26. It was below the estimate of Rs 3,974 crore, as shared by the analysts tracked by Bloomberg.

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EBITDA rose 26.6% to Rs 709 crore against Rs 560 crore a year earlier. The figure marginally exceeded the market estimate of Rs 702 crore.

One of the key highlights of the quarter was a strong 200 basis points expansion in the operational margins, which widened to 18.2% from 16.2% in the year-ago period.

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Marico India and International Businesses Drive Growth

Marico's domestic business remained its largest revenue contributor during the quarter. India segment revenue increased to Rs 2,916 crore from Rs 2,655 crore a year earlier.

International revenue grew faster, rising to Rs 981 crore from Rs 795 crore in Q2 FY26. This reflected continued growth across the company's overseas operations.

The total segment revenue reached Rs 3,897 crore during the September quarter. Segment results increased to Rs 757 crore from Rs 593 crore in the corresponding period last year.

India contributed Rs 540 crore to segment results, compared with Rs 398 crore previously. International segment results increased to Rs 217 crore from Rs 195 crore.

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