Marico targets H2FY26 volume acceleration and margin recovery on pricing actions
Marico expects accelerated volume momentum and margin gains in the second half of FY26, banking on pricing actions to offset copra and vegetable oil costs. India volumes are guided at mid-to-high single digits, with international business set for double-digit constant currency growth.
Marico targets accelerated volume momentum and margin recovery in H2FY26, expecting pricing actions on copra/vegetable oil costs to aid revenue, with India volumes at mid-to-high single digits and international business at double-digit constant currency growth.
Why this matters
Builds on Marico's high single-digit Q2 FY26 India volume growth despite GST disruption, as the CEO flags an intensifying FMCG 'battleground' and the company pushes its D2C ambitions amid shifting distribution moats.
Retail-company theme accelerating at +419400% QoQ.