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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Marico Ltd

Marico Ltd Q2 FY27 Performance Update: Strong Volume Growth and Margin Expansion

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 02 Nov 2026, 03:47 PM IST  ·  BSE ID: 97fe0b08-609c-403d-8bd0-0cce2200651d
View Original BSE Filing (PDF)
💡
In Simple Terms
Marico reported strong financial results for July-September 2026, with significant growth in sales and profit.
🤖 AI Summary
  • Marico Ltd reported 13% consolidated revenue growth and 31% consolidated PAT growth for Q2 FY27.
  • India business revenue increased 10% YoY, driven by 10% domestic volume growth in Q2 FY27.
  • International business achieved 23% YoY revenue growth in INR terms and 13% constant currency growth.
  • Consolidated gross margin expanded by 600 bps, marking the highest in 50 quarters.
  • Consolidated EBITDA grew by 27% with 200 bps margin expansion, highest in 51 quarters.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Revenue Growth (Q2 FY27)
13%
Consolidated PAT Growth (Q2 FY27)
31%
India Business Revenue Growth (Q2 FY27)
10% YoY
International Business Revenue Growth (Q2 FY27, INR terms)
23% YoY
Consolidated Gross Margin Expansion (Q2 FY27)
600 bps
Consolidated EBITDA Growth (Q2 FY27)
27%
🏢 How This Affects the Company
📈
Business Impact
The company's India business saw a 10% YoY revenue increase, supported by 10% domestic volume growth, indicating market share maintenance or expansion. International business revenue grew 23% YoY (13% CCG), reflecting diversified market momentum across Bangladesh, Vietnam, MENA, and South Africa.
💰
Financial Impact
Consolidated gross margin expanded by 600 bps, the highest in 50 quarters, directly contributing to a 27% consolidated EBITDA growth and 31% consolidated PAT growth. This indicates improved profitability and cost management.
⚙️
Operational Impact
The 'SETU 2.0' initiative aims for a 1.5x+ direct reach and ~2x deeper rural penetration from FY24 to FY27 exit in India. The global 'SETU1.0' playbook is scaling internationally in Vietnam and Bangladesh, focusing on distribution expansion and AI-led selling.
⚠️
Risk Impact
The operating environment notes geopolitical volatility and rising inflation, particularly crude and vegetable oil, as a key monitorable. This suggests ongoing input cost pressures remain a factor for the company.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results update.
👤
Who Is Affected
All shareholders are affected by the improved financial performance, as consolidated PAT grew by 31% and EBITDA by 27% in Q2 FY27.
🔍
Management Signal
Management intends to drive profitable growth through strategic initiatives like SETU 2.0, focusing on distribution expansion, premiumization, and cost management.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 results — monitor India domestic volume growth trends
International business performance — track CCG across key markets
Update on SETU 2.0 implementation and its impact on direct reach
MEDIUM RISK Geopolitical volatility and rising inflation, particularly crude and vegetable oil, are key monitorables.
💡 Investor Takeaway
Marico Ltd reported Q2 FY27 consolidated revenue growth of 13%, with consolidated PAT up 31%. India business revenue grew 10% YoY, while International business revenue saw a 23% YoY increase. Gross margin expanded by 600 bps, highest in 50 quarters.
⚖️ Strengths & Concerns

✅ Positives

  • Consolidated gross margin expanded by 600 bps in Q2 FY27, which is the highest in 50 quarters.
  • Consolidated PAT grew by 31% in Q2 FY27, driven by 27% EBITDA growth and 200 bps margin expansion.

⚠️ Concerns

  • Saffola Edible Oils recorded approximately 1% Q2 value growth, indicating minimal expansion in that segment.
  • Parachute Coconut Oil experienced a high single-digit volume decline in Q2, affecting its overall contribution to India revenues.
📅 Company Track Record
Marico's Q1 FY27 consolidated revenue grew 23% with domestic volume up 11%. Consolidated net profit rose 59.8% to Rs. 652 crore for Q1 FY27, with revenue at Rs. 3,957 crore. The Q2 FY27 consolidated net profit was Rs. 558 crore on Rs. 3,897 crore revenue.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Marico Ltd's consolidated revenue growth in Q2 FY27?
Marico Ltd reported a 13% consolidated revenue growth for the quarter ended 30 September 2026 (Q2 FY27).
What was Marico Ltd's consolidated PAT growth in Q2 FY27?
Marico Ltd recorded a 31% growth in consolidated PAT (Profit After Tax) for Q2 FY27.
How did Marico Ltd's India business perform in Q2 FY27?
The India business revenue increased by 10% YoY in Q2 FY27, driven by 10% domestic volume growth.
What was the gross margin expansion for Marico Ltd in Q2 FY27?
Marico Ltd achieved a consolidated gross margin expansion of 600 bps in Q2 FY27, which was the highest in 50 quarters.
What was the EBITDA growth for Marico Ltd in Q2 FY27?
Marico Ltd reported a 27% consolidated EBITDA growth in Q2 FY27, with a 200 bps margin expansion, highest in 51 quarters.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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