Marico Q2 FY26 results (Jul–Sep 2025) and concall

Fast Moving Consumer Goods · Concall AI · Call held 14 Nov 2025

Company page: Marico share price, financials & guidance record

Marico delivered a resilient Q2 FY26 with 7% India volume growth despite September's GST-related trade disruptions. Strong performance in VAHO, Foods, and the digital-first portfolio drove revenue to multi-quarter highs. While Parachute and Saffola oils faced volume challenges due to input cost inflation, management is confident in margin recovery and sustained double-digit EBITDA growth in H2 FY26, supported by easing commodity prices and strategic initiatives like Project SETU.

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What they filed

Q2 FY26: revenue up 31.1%, net profit down 25.3% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	1,860	1,988	1,870	2,349	2,439 +31%
Expenses	1,515	1,630	1,558	1,902	2,092
EBITDA	345	358	312	447	347 +1%
Margin	19%	18%	17%	19%	14%
Other income	302	122	149	473	171
Interest	7	6	5	6	7
Depreciation	28	30	38	31	33
Profit before tax	612	444	418	883	478 −22%
Tax rate	14%	17%	22%	12%	17%
Net profit	529	369	325	773	395 −25%
EPS	4.09	2.85	2.51	5.96	3.04

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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