“We aspire to deliver high-teen EBITDA growth, subject to current macros,” the company said.
Marico, which owns brands like Parachute and Saffola Edible Oils, said it expects to sustain high single-digit volume growth in the India business in FY27.
In the near term, we remain focused on consistently delivering top-quartile outcomes across key performance metrics. The International business is expected to maintain strong momentum with mid-teen constant currency growth, driven by broad-based performance across markets, it added.
“In FY26, the sector experienced steady consumption trends, supported by benign inflation levels, healthy signs of revival in rural sentiment, and policy stimulus. These factors were further reinforced by enhanced affordability following the GST rate rationalization implemented in late September 2025. We are hopeful of a gradual improvement in consumption trends in the quarters ahead,” the company said.
However, retail inflation levels, the onset and progression of the monsoon season, and the trajectory of crude-sensitive and other key material costs amid evolving geopolitical developments in the Middle East, will also be key factors to monitor, it said.
In FY26, Revenue from Operations stood at Rs 13,611 crore, delivering a record 26% per cent year‑on‑year growth, the highest in 14 years.
In FY2026, the company’s India business reported underlying volume growth of 8 per cent, marking a 7‑year high, while the international business achieved constant currency growth of 20 per cent, also a 14‑year high.
In Q4FY26, Revenue from Operations was at Rs 3,333 crore, up 22 per cent from comparable period last year, with underlying volume growth of 9 per cent in the India business and constant currency growth of 19 per cent in the international business.
The company’s consolidated EBITDA margin declined by 114 basis points to 15.6 per cent in the fourth quarter and dropped 265 basis points to 17.1 per cent in FY2026.
“We have remained resilient amidst ongoing geopolitical developments in the Middle East and have been able to effectively contain the near-term impact through strategic positioning across raw materials, packaging materials and finished goods. We have maintained strong supply chain assurance and do not foresee any material disruption,” the company said.
“While crude-linked input costs remain a monitorable risk, any sustained increase will be addressed through calibrated pricing actions. At the same time, we are witnessing significant tailwinds in copra, with prices correcting 35 per cent from peak levels, which will help alleviate potential crude-related pressures. Alongside this, the pricing power of our market-leading franchises, continued cost management initiatives and strengthening supply chain capabilities provide confidence in sustaining margin resilience,” it added.
Marico said it continue to scout for inorganic growth opportunities that offer meaningful potential to consolidate its competitive position in existing categories, expand the total addressable market in existing geographies or access markets of interest, thereby adding visible levers to drive long term value creation.
“The fiscal year 2025–26 stands as a testament to our ability to execute with resilience and foresight in an unprecedently challenging input cost environment. As we look ahead, we remain committed to achieving competitive, top quartile outcomes in FY27, while steadfastly advancing towards our bold vision of surpassing Rs 20,000 Crores in revenue by FY30,” Saugata Gupta, MD & CEO, Marico, said.
The company’s board has declared a final dividend of Rs 4 a share.
