Marico's shares edged up 1% to ₹789.05 after the company unveiled Q2 results that showed double‑digit revenue growth, a 10% jump from the same quarter last year.
The company said consolidated revenue grew in double digits, driven by core franchises and a scale‑up of new growth engines. Volume growth in the India business hit double digits, while Parachute Coconut Oil posted early‑teens volume expansion and Saffola Oil saw mid‑single‑digit price‑led growth.
Value‑added hair oils kept the streak alive with volume growth in the twenties, thanks to investments in mid‑premium segments and aggressive marketing in the almond category. Digital‑first brands and shampoo lines also maintained momentum, keeping the overall portfolio balanced.
Internationally, constant‑currency growth trended in the teens, led by Vietnam, West Asia and South Africa. Copra prices were almost 35% below peak, providing a tailwind for margins, despite a rise in crude‑linked derivative costs.
Marico’s guidance signals consolidated revenue to continue growing double digits, with gross margins expected to accelerate YoY. The company highlighted a favourable portfolio mix and the impact of range‑bound copra prices as key drivers.
Investors reacted positively; the stock is up 1% at ₹789.05 today and has gained 10% over the past 12 months, reflecting confidence in the company’s medium‑term growth strategy.