Marico Q2 revenue rises 31% as it targets 1.5 million direct outlets by FY27
Marico reported Q2 revenue of Rs 3,482 crore, up 30.7% year-on-year, while net profit slipped 0.7% to Rs 420 crore amid higher copra costs. The FMCG maker plans to expand direct distribution from 1 million outlets in FY24 to 1.5 million by FY27, alongside food and premium personal-care growth.
Marico’s Q2 revenue rose 31% despite a marginal profit decline and margin pressure from copra costs. India revenue grew nearly 35%; the FMCG maker plans food and premium personal-care expansion and will increase direct distribution to 1.5 million outlets by FY27.
Why this matters
The update extends Marico's recent Q2 signal on 31% revenue growth and copra-led margin pressure, while adding its FY27 direct-reach target. It also follows an April 2024 update on sharpening general trade and direct reach.
Retail-brand is accelerating, up 182400% quarter-on-quarter.