Marico Q2 FY27 consolidated: Revenue Rs 3,897 crore, PAT Rs 558 crore

What the numbers show

• Net margin was 14.32% of revenue, up 179 bps from 12.52%.
• Revenue rose 13.0% while total expenses rose 11.1%.

• Basis & period: Consolidated statement of financial results, quarter ended September 30, 2026 vs quarter ended September 30, 2025 (both un-audited, as per the statement of financial results).

• Revenue from operations (Restated Refer Note no 7)
• Current (quarter ended September 30, 2026): Rs 3,897.00 cr
• Prior (quarter ended September 30, 2025): Rs 3,450.00 cr

• Other income
• Current: Rs 53.00 cr
• Prior: Rs 49.00 cr

• Total income (1 + 2)
• Current: Rs 3,950.00 cr
• Prior: Rs 3,499.00 cr

• Total expenses
• Current: Rs 3,276.00 cr
• Prior: Rs 2,949.00 cr

• Cost of materials consumed
• Current: Rs 1,714.00 cr
• Prior: Rs 1,910.00 cr

• Purchases of stock-in-trade
• Current: Rs 504.00 cr
• Prior: Rs 542.00 cr

• Changes in inventories of finished goods, work-in-progress and stock-in-trade
• Current: Rs (196.00) cr
• Prior: Rs (455.00) cr

• Employee benefits expense
• Current: Rs 259.00 cr
• Prior: Rs 218.00 cr

• Finance cost
• Current: Rs 24.00 cr
• Prior: Rs 12.00 cr

• Depreciation and amortisation expense
• Current: Rs 64.00 cr
• Prior: Rs 47.00 cr

• Other expenses – Advertisement and sales promotion (Restated Refer Note no 7)
• Current: Rs 451.00 cr
• Prior: Rs 313.00 cr

• Other expenses – Others
• Current: Rs 456.00 cr
• Prior: Rs 362.00 cr

• Profit before tax (3 - 4)
• Current: Rs 674.00 cr
• Prior: Rs 550.00 cr

• Tax expense for the period
• Current: Rs 116.00 cr
• Prior: Rs 118.00 cr

• Net profit for the period (5 - 6)
• Current: Rs 558.00 cr
• Prior: Rs 432.00 cr

• Net profit attributable to owners
• Current: Rs 550.00 cr
• Prior: Rs 420.00 cr

• Net profit attributable to non-controlling interests
• Current: Rs 8.00 cr
• Prior: Rs 12.00 cr

• Total comprehensive income for the period (7+8)
• Current: Rs 577.00 cr
• Prior: Rs 456.00 cr

• Paid-up equity share capital (Face value of Re. 1/- per share)
• Rs 130.00 cr (current and prior)

• Earnings per share (of Re. 1 /- each) (Not annualised) – Basic (in Rs.)
• Current: 4.24
• Prior: 3.24

• Earnings per share (of Re. 1 /- each) (Not annualised) – Diluted (in Rs.)
• Current: 4.24
• Prior: 3.24

In the consolidated statement of financial results, Marico reported an increase in revenue from operations to Rs 3,897.00 cr in the quarter ended September 30, 2026 from Rs 3,450.00 cr in the corresponding quarter of the previous year. Total income rose to Rs 3,950.00 cr from Rs 3,499.00 cr, supported by other income of Rs 53.00 cr versus Rs 49.00 cr a year earlier.

On the cost side, total expenses increased to Rs 3,276.00 cr from Rs 2,949.00 cr. Within this, cost of materials consumed declined to Rs 1,714.00 cr from Rs 1,910.00 cr, and purchases of stock-in-trade eased to Rs 504.00 cr from Rs 542.00 cr. The line for changes in inventories of finished goods, work-in-progress and stock-in-trade moved to Rs (196.00) cr from Rs (455.00) cr. Employee benefits expense rose to Rs 259.00 cr from Rs 218.00 cr, while finance cost increased to Rs 24.00 cr from Rs 12.00 cr and depreciation and amortisation expense to Rs 64.00 cr from Rs 47.00 cr.

Within other expenses, advertisement and sales promotion (Restated Refer Note no 7) rose to Rs 451.00 cr from Rs 313.00 cr, and others increased to Rs 456.00 cr from Rs 362.00 cr. After these expenses, profit before tax for the quarter stood at Rs 674.00 cr, compared with Rs 550.00 cr in the same quarter last year.

The tax expense for the period was Rs 116.00 cr, slightly lower than Rs 118.00 cr a year earlier. This resulted in net profit for the period of Rs 558.00 cr, up from Rs 432.00 cr. Net profit attributable to owners was Rs 550.00 cr versus Rs 420.00 cr, while net profit attributable to non-controlling interests was Rs 8.00 cr versus Rs 12.00 cr. Total comprehensive income for the period came in at Rs 577.00 cr, compared with Rs 456.00 cr in the corresponding prior quarter. Basic earnings per share (not annualised) were 4.24, up from 3.24, with diluted earnings per share also at 4.24 versus 3.24.