Overview

• Underlying India business volumes reached a multi-quarter high, driven by robust rural demand and scale-up of core and new franchises.
• Consolidated revenue grew by low-twenties percent year-on-year in Q1, despite input cost inflation compressing gross margins.
• Parachute recorded a slight volume decline from hyperinflationary input costs but sustained sales through strategic pricing and pack-size adjustments.
• Saffola Oils delivered high-twenties revenue growth on mid-single-digit volume gains, while value-added hair oils returned to low-double-digit growth.
• International operations achieved high-teen constant-currency growth led by resilience in Bangladesh, and Marico expects gross margin relief from H2 as commodity costs stabilize.