Resurfacing Marico's mid-November Q2 report: revenue up 31% as margin pressure trimmed profit
In results reported around Nov 14, 2025, Marico's Q2 revenue rose 30.7% to Rs 3,482 crore, led by nearly 35% growth in India. Net profit slipped 0.7% to Rs 420 crore as higher copra costs and brand investments cut EBITDA margin to 16.1%. The FMCG major plans to expand direct distribution to 1.5 million outlets by FY27.
Marico posted 31% Q2 revenue growth 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.
Why this matters
The report aligns with recent Marico signals on 31% Q2 revenue growth and narrowing margins, while adding its FY27 target to reach 1.5 million direct outlets. It also follows a resurfaced September filing highlighting India-led growth.
retail-company is accelerating, up 1,101,800% QoQ.