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Marico Posts 23.3% Q1 Revenue Gain and Surpasses Profit Forecast

Margin pressure from elevated input costs did not stop top-line growth or Marico’s deeper push into wellness

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Overview

  • Marico’s consolidated revenue for April–June rose 23.3% year-on-year to ₹3,259 crore, driven by strong hair-oil and edible-oil sales.
  • Net profit climbed 8.6% to ₹504 crore, beating the Bloomberg consensus estimate of ₹488 crore.
  • Operating margin narrowed to 20.1% from 23.7% a year earlier due to higher raw material costs.
  • The India business delivered ₹2,495 crore in revenue, up 27.2%, while international markets contributed ₹764 crore, up 12.9%.
  • Marico strengthened its wellness portfolio by increasing its stake in Satiya Nutraceuticals to 60%.