Marico's Q2 revenue rise of 31% resurfaces, margins tighten; direct reach target set at 1.5m outlets
Resurfacing a September FY26 Q2 report: Marico posted revenue of Rs 3,482 crore, up 30.7% year on year, while net profit slipped 0.7% to Rs 420 crore as copra costs and brand investment compressed margins. The FMCG company aims to expand direct distribution from 1 million outlets in FY24 to 1.5 million by FY27, while scaling foods and digital-first portfolios.
Marico reported marginally lower Q2 profit despite 31% revenue growth, as copra costs and brand investment compressed margins. It plans to expand direct distribution to 1.5 million outlets by FY27 while accelerating foods and premium personal-care portfolios.
Why this matters
The resurfaced report reinforces Marico's recent signals on 31% Q2 revenue growth, copra-led margin pressure and a FY27 target of 1.5 million direct outlets.
Retail-company is accelerating, up +398167% QoQ.