Marico Limited — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Marico delivered 7% India volume growth in Q2 FY26, driving multi-quarter high revenue despite temporary GST disruptions. Parachute volumes were flat due to 60% price hikes from hyperinflationary Copra, though prices are now easing. Value-Added Hair Oils accelerated with strong double-digit premium segment growth and 150 bps market share gains, a trend expected to persist.

The Food portfolio surpassed ₹1,100 Cr ARR, with higher growth anticipated by Q4 after a profitability focus for Plix and True Elements. Digital-first brands topped ₹1,000 Cr ARR, targeting double-digit EBITDA margins by FY27. International business performed robustly.

Management projects improved India volume and strong international growth in H2, anticipating ~25% consolidated revenue and double-digit EBITDA growth as costs ease. The company expresses a confident long-term outlook towards ₹20,000 Cr revenue by 2030, supported by strategic initiatives like Project SETU.