Marico share price hits record high despite marginal drop in profit; check all Q2 numbers

Intra-day, the stock rose as much as 3.51% to ₹764.65 a unit, its record level. At 9:50 am, it was up 2.8% to ₹759.95.

The company's market capitalisation stands at ₹98,208.30 crore.

Marico Q2 results

The company posted a 0.70% decline in its consolidated profit after tax to ₹420 crore for Q2 FY26 as gross margin shrank on account of a high base and inflation in key commodities. In the year-ago period, PAT stood at ₹423 crore.

However, revenue from operations advanced 30.70% to ₹3,482 crore in the quarter under review compared to ₹2,664 crore in the corresponding period of the previous fiscal year.

"Consolidated and India revenue growth stood at multi-quarter highs," Marico said in its earnings statement.

The value-added hair oils business, which includes Nihar, Hair & Care and Coco Soul, surged by 16% in value terms.

Saffola Edible Oils had a flattish quarter in volume terms amidst a relatively elevated pricing environment, though the brand registered 19% revenue growth.

Marico's foods grew 12% YoY and crossed the ₹1,100 crore mark in annualised run rate.

In the September quarter, Marico's revenue from the domestic market was at ₹2,667 crore, up 34.76% year-on-year.

"We witnessed steady demand trends in India during the quarter, except for the transitionary disruption in trade channels ahead of the implementation of new GST rates in September," said Marico.

Similarly, revenue from the 'International' market was at ₹815 crore, up 19%.

Marico's total income, including other income, rose 28.58 per cent to Rs 3,531 crore in the quarter.

"The international business maintained its robust growth trajectory with 20 per cent constant currency growth (CCG), demonstrating its strong fundamentals and sustained growth potential," it said.

Bangladesh posted 22% growth on a CCG basis, while Vietnam grew 6% in CCG, exhibiting signs of a gradual recovery.

"MENA (Middle East and North Africa) delivered 27% CCG, with both the Gulf region and Egypt recording strong growth. South Africa recorded 1% CCG and we are confident of a recovery in H2. NCD and Exports recorded 53% growth," it said.

Commenting on results, MD and CEO Saugata Gupta said, "Our performance in the first half of the year reflects the institutionalised resilience of our operating model amidst tough inflationary conditions. We have sustained healthy volume-led growth in the India business, coupled with market share and penetration gains across key portfolios."

The core franchises have been stable despite steep input cost headwinds, while the new businesses continue to advance towards strategic aspirations.