Marico Q3 results: Net profit soars 12% YoY to ₹447 crore, revenue surges 27%

In the corresponding period of the previous fiscal year, it had logged a profit of ₹399 crore, the company said in a regulatory filing.

Its revenue from operations surged 26.6% annually to ₹3,537 crore during the quarter under review, as against ₹2,794 crore in the third quarter of the 2024-25 fiscal year (Q3FY25).

This revenue growth was led by an "underlying volume growth of 8% in the India business and constant currency growth of 21% in international business", it said in an earnings statement.

Commenting on the FMCG sector, Marico said the sector has witnessed "steady demand trends" throughout the year so far.

"We are optimistic of a gradual uptick in consumption trends across categories in the quarters ahead, supported by favourable macroeconomic indicators and the prospects of further stimulus in the upcoming Union Budget," said Marico.

During the quarter, Marico's advertising and promotion spending was up 15% YoY.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation) grew 11% annually, with EBITDA margin at 16.7%, down 234 bps YoY in the December FY26 quarter.

Total expenses of Marico, which owns popular brands like Saffola, Parachute, and Livon, increased by 29.8% annually in the December quarter to ₹3,009 crore.

Moreover, Marico's gross margin "improved by 90 bps on a sequential basis" owing to the recent easing of copra prices, while staying "under pressure down 595 bps on a year-on-year basis".

Marico's revenue from the domestic market advanced by 27.6% to ₹2,681 crore in the December quarter.

This was "on the back of a sequential improvement in underlying volume growth supplemented by pricing interventions across core portfolios over the last 12 months, in response to inflation in key input costs".

Its traction in traditional trade improved in the December quarter. Moreover, e-commerce and quick commerce also continued to lead growth.

"Offtake growth also remained strong, with more than 95% of the business gaining or sustaining market share and ~80 per cent of the business gaining or sustaining penetration, both on MAT (moving annual total) basis," it said.

Offtake growth refers to an increase in the volume of goods sold from a producer's inventory, signalling rising consumer demand or increased market uptake. It often indicates strengthening market demand for a product and improved sales performance.

Its revenue from international markets was also up 23.52% to ₹856 crore.

"The international business sustained its robust growth trajectory with 21 per cent constant currency growth, with each market delivering broad-based double-digit growth. Vietnam and South Africa rebounded smartly on the back of targeted initiatives over the last few quarters," said Marico.

Marico's total consolidated revenue, which includes other revenues, was at ₹3,576 crore, marking a 26.09% jump during the quarter under review.

Commenting on the results, Saugata Gupta, the MD & CEO of Marico, said, "Our performance in the quarter and year so far reflects the strength of our operating model and the effectiveness of agile execution in driving consistent outcomes.”

He added that the India business delivered strong volume and revenue growth, supported by improving trends in core categories and the profitable scaling up of foods and digital-first businesses in line with the company’s strategic priorities.

"Looking ahead, we expect to sustain the healthy volume growth momentum, with profitability strengthening progressively as input cost pressures moderate," said Gupta.

Shares of the company closed 0.78% higher at ₹746.70 per unit on the National Stock Exchange (NSE) on Tuesday, ahead of the result announcement.

Marico has a total market capitalisation of ₹96,928.21 crore, as of January 27, 2026, according to data on the NSE.