Marico Ltd. has announced its financial results for the first quarter of fiscal year 2025, showcasing a notable increase in both net profit and revenue. The fast-moving consumer goods (FMCG) major reported an 8.6% rise in consolidated net profit, reaching ₹504 crore for the quarter that ended on June 30, 2025. In the corresponding quarter of the previous year, the company's net profit stood at ₹464 crore.
The company's revenue from operations also experienced substantial growth, climbing 23.3% to ₹3,259 crore, compared to ₹2,643 crore in the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) saw an increase of 4.6% to ₹655 crore, up from ₹626 crore. However, the company's margin contracted to 20% compared to 23.7% year-over-year.
Earlier estimates by analysts at Bloomberg had projected a net profit of ₹488 crore and revenue of ₹3,198 crore for Marico in the first quarter. The actual results surpassed these estimates, indicating a stronger-than-anticipated performance. The survey also estimated the company's EBITDA at ₹650.6 crore, and margin at 20.3%.
Marico's diverse portfolio of brands includes Parachute, Saffola, Saffola FITTIFY, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Beardo, Just Herbs, True Elements and Plix. The company's products have a wide reach, touching the lives of one out of every three Indians. During FY 2023-24, Marico recorded a turnover of INR 96.5 billion (USD 1.2 billion) through its sales in India, Asia, and Africa.
The international business of Marico delivered double-digit constant currency growth, driven by broad-based growth across various markets. The company anticipates an upward trend in domestic volume growth and higher realizations due to a favorable pricing cycle in key domestic portfolios. Marico expects operating margins to increase slightly on a year-on-year basis, driven by these factors. The company is focused on expanding its digital business, particularly in premium personal care, to further diversify its India business portfolio.
In the domestic market, Marico saw a modest increase in underlying volume growth on a sequential basis during the quarter. This growth was achieved after adjustments in distributor stock levels to enhance their return on investment (ROI) and some destocking in the wholesale channel to facilitate smoother direct reach expansion through Project SETU. Specifically, Parachute Coconut Oil experienced low single-digit volume growth during the quarter, with expectations of a visible pickup throughout the rest of the year due to consistently healthy offtake trends. Saffola Oils recorded mid-single-digit volume growth, supported by stability in input and consumer pricing.
