Marico Q2 revenue climbs 31% as copra costs squeeze margins
Marico posted Q2 revenue of Rs 3,482 crore, up 30.7% YoY, while net profit slipped 0.7% to Rs 420 crore. India revenue grew nearly 35%, but EBITDA margin fell to 16.1% from 19.6%. The FMCG major plans to expand direct distribution from 1 million outlets in FY24 to 1.5 million by FY27.
Marico reported Q2 revenue growth of 31% but marginal profit decline as copra costs and brand investments compressed margins. India revenue rose nearly 35%, while the company outlined foods, premium personal-care and direct-distribution expansion plans through FY27.