{"id":178103,"date":"2026-01-28T06:13:41","date_gmt":"2026-01-28T11:13:41","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178103"},"modified":"2026-01-28T06:13:44","modified_gmt":"2026-01-28T11:13:44","slug":"marico-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/marico-q3-fy26-earnings-results\/","title":{"rendered":"Marico Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Marico Limited is one of India&#8217;s leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.<\/p>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b93,537 cr, +26.6% YoY vs \u20b92,794 cr, +1.6% QoQ vs \u20b93,482 cr; driven by 8% underlying volume growth in India (domestic revenue \u20b92,681 cr, +28% YoY), strong e-commerce\/quick commerce, pricing interventions amid inflation, and double-digit international growth.<\/li>\n\n\n\n<li>EBITDA: \u20b9592 cr, +11% YoY vs \u20b9533 cr, margin 16.7% (\u2212234 bps YoY, +60 bps QoQ); contraction due to elevated input costs (copra\/edible oils), higher A&amp;P spends (\u20b9336 cr, +14.7% YoY), offset by volume leverage and sequential input easing.<\/li>\n\n\n\n<li>PAT: \u20b9447 cr, +12% YoY vs \u20b9399 cr, +6.4% QoQ vs \u20b9420 cr, margin 12.6%; EPS \u20b93.44 basic (+12% YoY), supported by topline momentum despite margin dip.<\/li>\n\n\n\n<li>Other key metrics: 95% portfolio gained\/sustained market share, 80% improved MAT penetration; 9M revenue \u20b910,278 cr (+27% YoY), 9M PAT \u20b91,371 cr (+6.6% YoY); Parachute volumes flat on copra prices, value-added hair oils +16%.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;Performance reflects <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/f8151a94-47aa-4987-b7c7-d16ed0fc0e45.pdf\" target=\"_blank\" rel=\"noopener\">strength of operating model<\/a> and agile execution in driving consistent outcomes,&#8221; said MD &amp; CEO Saugata Gupta; high-single-digit volume growth improved sequentially, consumer sentiment strengthening with moderating inflation.<\/li>\n\n\n\n<li>Strategic moves: Sustained market share gains in 95% portfolio; focus on urban\/premium via modern trade\/e-com; positive on input costs easing, expect margin recovery; no dividend specifics, but confident in H2 growth amid resilient demand.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-97-839x1024.png\" alt=\"\" class=\"wp-image-178104\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-97-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-97-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-97-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-97-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-97.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b93,482 cr, +31% YoY vs \u20b92,664 cr, +30.7% growth highlighted by domestic \u20b92,667 cr (+35% YoY, 7% volume growth), intl +20% CCY; pricing countered inflation, despite GST disruptions.<\/li>\n\n\n\n<li>EBITDA: \u20b9560 cr, +7% YoY, margin 16.1% (\u2212350 bps YoY); pressured by input costs, A&amp;P, but sequential improvement expected.<\/li>\n\n\n\n<li>PAT: \u20b9420 cr, \u22120.7% YoY vs \u20b9423 cr; PBIDT \u20b9609 cr (+0.8% YoY), EPS stable; boosted by resilience amid costs.<\/li>\n\n\n\n<li>Other key metrics: Parachute Rigids \u22123% volume (copra peak), value-added hair oils +16%; Saffola flat; H1 strong setup despite September trade dips.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;First half showcases resilience amid inflationary pressures; healthy growth in domestic\/intl, profit metrics to improve as margins ease,&#8221; per CEO Gupta; sustained demand, volume rebound.<\/li>\n\n\n\n<li>Strategic moves: Distribution expansion, premium\/urban push via e-com\/modern retail; medium-term double-digit intl growth; copra rangebound post-correction.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marico Limited is one of India&#8217;s leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care. Q3 FY26 Earnings Results [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":178104,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,6351],"tags":[952],"class_list":["post-178103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-consumer-stocks","tag-consumer-goods"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-97.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178541,"url":"https:\/\/alphastreet.com\/india\/swiggy-q3-fy26-earnings-results\/","url_meta":{"origin":178103,"position":0},"title":"Swiggy Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Founded in 2014, Swiggy Ltd is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app. Q3 FY26 Earnings Results Revenue from Operations: \u20b96,148 cr, +54% YoY vs \u20b93,993 cr, +10.6% QoQ vs \u20b95,561 cr; food delivery \u20b92,041 cr (+25% YoY), quick commerce (Instamart)\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-131.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178350,"url":"https:\/\/alphastreet.com\/india\/v-guard-q3-fy26-earnings-results\/","url_meta":{"origin":178103,"position":1},"title":"V Guard Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 29, 2026","format":false,"excerpt":"Founded in 1977, V-Guard Industries Ltd. (\u2018V-Guard\u2019) is a reputed Indian company manufacturing innovative and experiential products in the categories of Electronics, Electricals and Consumer Durables. It has grown from being a brand synonymous with voltage stabilizers across South India, to a brand offering a wide array of thoughtfully engineered\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-110.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178522,"url":"https:\/\/alphastreet.com\/india\/one-97-communications-q3-fy26-earnings-results\/","url_meta":{"origin":178103,"position":2},"title":"One 97 Communications Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services. 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The products comprise cookware and cooking appliances, while the home solutions\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178336,"url":"https:\/\/alphastreet.com\/india\/symphony-q3-fy26-earnings-results\/","url_meta":{"origin":178103,"position":4},"title":"Symphony Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 29, 2026","format":false,"excerpt":"Symphony was established in 1988, in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. It is the largest air cooler manufacturer in the world.\u00a097% of the revenue comes from the sale of Air coolers.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-106.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178856,"url":"https:\/\/alphastreet.com\/india\/rr-kabel-q3-fy26-earnings-results\/","url_meta":{"origin":178103,"position":5},"title":"RR Kabel Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 2, 2026","format":false,"excerpt":"Incorporated in 1995, RR Kabel provides consumer electrical products used for residential, commercial, industrial, and infrastructure purposes in two major segments, namely wires and cables including house wires, industrial wires, power cables, and special cables; and FMEG including fans, lighting, switches, and appliances. Q3 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178103"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178103\/revisions"}],"predecessor-version":[{"id":178105,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178103\/revisions\/178105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/178104"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}