Marico Q2 revenue rose 31% as margins contracted on copra costs and brand spend — resurfacing a mid-November report
Resurfacing Marico's Nov. 14 Q2 update: revenue reached Rs 3,482 crore, while net profit slipped 0.7% to Rs 420 crore and EBITDA margin fell to 16.1%. India revenue grew nearly 35%; the FMCG company is targeting 1.5 million direct outlets by FY27 while scaling foods and digital-first brands.
Marico reported Q2 revenue growth of 30.7% but a marginal profit decline as copra costs and brand investment compressed margins. India revenue rose nearly 35%, while the company plans to expand direct distribution to 1.5 million outlets by FY27 and scale foods and premium personal care.