Marico Limited – Q4 FY26 Results

key financial highlights

• Revenue from Operations:
  • Total Income (Q4 FY26): ₹3,393 Crore
    • QoQ Change: -5.1%
    • YoY Change: +22.2%
  • Previous Quarter (Q3 FY26): ₹3,576 Crore
  • Previous Year (Q4 FY25): ₹2,777 Crore
• Profit After Tax (PAT):
  • PAT (Q4 FY26): ₹408 Crore
    • QoQ Change: -11.3%
    • YoY Change: +18.3%
  • Previous Quarter (Q3 FY26): ₹460 Crore
  • Previous Year (Q4 FY25): ₹345 Crore
• QoQ Performance
  • Revenue Trend: Slight Decline
  • Profit Trend: Moderate Decline

Margin Analysis

Drivers:

• Stable raw material cost environment
• Controlled advertising and promotional expenses
• Operational efficiency in cost management
• Slight increase in employee and other expenses

Insight:

• Margins remain stable despite QoQ slowdown, indicating strong cost discipline

Segment insight

Summary:

• Business is driven by strong brand portfolio in consumer staples with focus on volume growth and premiumization

Charcateristics:

• High brand loyalty and pricing power
• Demand resilience in FMCG segment
• Focus on rural and international expansion

Earning quality check

Drivers:

• Core operating performance driven growth
• No major exceptional or one-off gains
• Stable tax structure

Interpretations:

• Earnings quality is strong and sustainable with consistent operating cash flows

balance sheet Analysis

• Total Assets: ₹10,075 Cr
• Total Liabilities: ₹5,581 Cr

Insight:

• Healthy balance sheet with strong equity base and manageable liabilities, indicating financial stability

key risks

• Commodity price volatility (especially crude-linked inputs)
• Rural demand fluctuations
• Competitive pressure in FMCG segment
• Currency fluctuation (international business impact)

management strategy signals

Focus Area:

• Premium product expansion
• Rural market penetration
• Strengthening international business
• Cost efficiency and margin protection

Financial metrics table

Quarterly Performance Context