- Marico reported a 25% YoY rise in net profit to Rs 630 crore in Q1 FY27
- Consolidated revenue grew 22.9% to Rs 3,957 crore, nearing Rs 4,000 crore mark
- EBITDA increased 25% to Rs 819 crore with margin expanding to 20.7% from 20.3%
Marico Ltd.'s share price declined as much as 3.21% on Wednesday despite the FMCG giant posting an earnings beat on the previous day.
The company reported 25% year-on-year rise in its consolidated bottom-line to Rs 630 crore, driven by healthy volume growth across its India business, resilient international demand and improved operating margins.
The FMCG major's consolidated revenue rose 22.9% to Rs 3,957 crore during the quarter, nearing the Rs 4,000-crore mark, while EBITDA increased 25% to Rs 819 crore. EBITDA margin expanded to 20.7% from 20.3% a year earlier.
The shares fell to a low of Rs 846.85. As of 9:41 a.m., the stock pared some losses to trade 1.5% lower at Rs 861.70.
Follow all the live stock market updates here.
Marico Q1 FY27
Marico Ltd. reported a stronger-than-expected performance for the June quarter, with net profit rising 25% year-on-year to Rs 630 crore, driven by healthy volume growth across its India business, resilient international demand and improved operating margins.
The FMCG major's consolidated revenue rose 22.9% to Rs 3,957 crore during the quarter, nearing the Rs 4,000-crore mark, while EBITDA increased 25% to Rs 819 crore. EBITDA margin expanded to 20.7% from 20.3% a year earlier.
ALSO READ: Marico's 'Boringly Consistent' Growth For Another Quarter Bags Jefferies Target Price Hike
Jefferies Hike TP
Jefferies has raised the price target for FMCG giant Marico Ltd. to Rs 1000 from Rs 960 after its strong first quarter earnings for the financial year 2027. The global brokerage has maintained a 'buy' rating on the stock, after calling Marico's growth "boringly consistent".
Jefferies said that Marico continues to deliver "best-in-class growth in revenue & profitability"
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.