MARICO

What Marico promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 23 tracked 1 delivered 2 missed 20 open
  • Plix EBITDA Margin delivered said Q2 FY26 Promised: In the next 2 quarters, we are hoping that Plix will move to mid to high single digits. Q1 FY27: Promise was achieved in Q4 FY26. Plix continues to show improved profitability.
  • Foods Portfolio Revenue Growth missed said Q4 FY25 Promised: We expect 25%+ growth over the medium term... happy if we can deliver 20% to 25% plus growth in Foods over the next 2, 3 years. Q1 FY27: The FY26 target was missed. However, the Foods portfolio grew by a very strong 43% in Q1 FY27, indicating a significant rebound.
  • Just Herbs & True Elements Breakeven delayed said Q4 FY25 Promised: Achieve breakeven at the earliest over the next 18 to 24 months. Q1 FY27: Management now sees a 'path to profitability for the other brands over the next 12 to 18 months', implying a delay from the original Q2-Q4 FY27 timeline.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 23 tracked commitments for Marico — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens