Q2 FY27 update: revenue up 13%, EBITDA up 27%, PAT up 31%, gross margin up 600 bps
Marico's Q2 FY27 information update shows consolidated revenue growth of 13%, EBITDA growth of 27% and PAT growth of 31%.
By ScoutQuest · · 2 min read
- Consolidated Revenue Growth
- 13%
- EBITDA Growth
- 27%
- PAT Growth
- 31%
What the update covers
Marico has shared its information update and earnings presentation for the quarter and half year ended September 30, 2026, covering the un-audited consolidated financial results of the company and its subsidiaries.
Headline growth
- Consolidated revenue growth of 13%, described as volume-led.
- Consolidated EBITDA growth of 27%, with 200bps margin expansion, marked as the highest in 50 quarters.
- Consolidated PAT growth of 31%, marked as the highest in 51 quarters.
- Consolidated gross margin expansion of 600 bps.
- Consolidated advertising and promotion spends growth of 44%.
India and international
- Domestic volume growth of 10%; India business revenue up 10% year on year.
- International constant-currency growth (CCG) of 13%; international business revenue up 23% year on year in INR terms.
- Over the last 10 quarters, 7 delivered high-single-digit volume growth, 9 delivered teens or higher CCG, and 8 delivered teens or higher revenue growth.
Brand-level picture
- Parachute coconut oil, at 34% of India revenues, grew 13% in Q2 volume, its highest in 22 quarters, with value growth of ~1%.
- Saffola edible oils, at 16% of India revenues, saw a high single digit volume decline with Q2 value growth of 6%.
- Value added hair oils, at 18% of India revenues, posted 80 bps MAT value market share gain and Q2 value growth of 21%.
- Saffola Foods value growth was 45%, with the portfolio described as running at an annualised revenue run-rate of ₹ 1500+ Crore.
How to read this
The presentation frames the quarter as growth driven by volumes rather than price, with margins expanding alongside higher advertising and promotion spending. The mix of a strong volume quarter for Parachute and value growth in the value added hair oils and foods portfolios sits alongside a volume decline in Saffola edible oils, so the brand trends are not uniform.
Also from Marico
Marico audio recording of November 2, 2026 earnings conference call on Q2/H1 FY27 results made available
2 Nov 2026
Consolidated results for the September 30, 2026 (Un-audited)
2 Nov 2026
Analyst flags concern as Marico slipped below a long-term rising trend line support in the last three sessions
23 Oct 2026
More numbers
- Consolidated Revenue Growth13%
- Consolidated EBITDA Growth27%
- Consolidated PAT Growth31%
- Domestic Volume Growth10%
- Consolidated A&P Spends Growth44%
- Consolidated Gross Margin Expansion600 bps
- Parachute Coconut Oil share of India Revenues34%
- Saffola Foods Annualised Revenue Run-rate₹ 1500+ Crore
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