In Week of Mar 28, 2026, Marico Ltd (FMCG - Personal Care) is outperforming Nifty 500 with +11.5% relative strength. Fundamentals: Average. On a 7-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Parachute hair oil price reduction following 25-30% drop in copra prices boosting volume growth
Impact: +₹175 Cr revenue
“With correction having set in and copra prices down by 25 to 30% from peak levels, the brand will be passing on the benefit to the consumer in the coming months”
What: Value share at 30% MAT driving double-digit growth trajectory with improved product mix
Impact: +₹275 Cr revenue
“Our value share on mat basis stands at an all time high of nearly 30%, showing considerable progress towards premiumization of the mix”
What: Digital-first portfolio expected to exit FY26 with ARR of ₹1,000+ crores
Impact: +₹1000 Cr revenue
“The digital first portfolio is expected to exit FY26 with an ARR of 1000 plus crores”
Earnings deceleration risks from management commentary
Trigger: Continued elevated pricing environment
Impact: -150 bps margin impact
Management view: Saffola edible oil had a soft quarter in an elevated pricing environment with revenue growth moderating as prior pricing actions largely anniversaries in this quarter like in the previous quarter we have sacrificed volumes which are below our threshold margins across certain packs and channels.
Monitor: Saffola Edible Oil growth rate
Trigger: Failure to stabilize and strengthen profitability
Impact: -100 bps margin impact
Management view: Saffola Foods portfolio performed in line with expectations, with Saffola Oats gaining market share. Focus is on stabilization and strengthening profitability.
Monitor: Saffola Foods growth rate
Key quotes from recent conference calls
“Demand conditions during the quarter remained stable. We continue to see the building blocks for a gradual recovery in consumption supported by moderating inflation, improved affordability following the recent GST rate rationalization which has been transformative, higher MSPs and a healthy crop sowing season. — Saugata Gupta”
“With input cost easing and margin pressure subsiding, we expect progressive improvement in operating profit growth rates over the coming quarters. — Saugata Gupta”
“The digital first portfolio is expected to exit FY26 with an ARR of 1000 plus crores. We are on track to reach 2.5x of FY24 ARR next year and we are making concerted efforts to move to double digit EBITDA in the digital first portfolio by end of FY27. — Saugata Gupta”
“Project SETU strengthens distribution, expanding coverage in upgraded towns and rural areas. Initiatives are now commencing on targeted expansion in urban channels. — Saugata Gupta”
Forward-looking targets from management for next 2-4 quarters
Revenue Growth Target
10%
Implied PAT Growth
12%
OPM Guidance
19%
Capex Plan
₹450 Cr
Key Milestones
• Digital-first portfolio ₹1,000+ crore ARR by FY26 end
• Double-digit EBITDA in digital portfolio by FY27 end
• Progressive OPM improvement over coming quarters
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +27% | +4% | Stable |
| PAT (Net Profit) | +13% | +10% | Stable |
| OPM | 17.0% | -200 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Marico Ltd's latest quarterly results (Dec 2025) show
Marico Ltd's profit is growing with an stable trend.
Marico Ltd's revenue growth trend is stable.
Marico Ltd's operating margin is volatile.
Marico Ltd's long-term compounding rates
Marico Ltd's earnings growth is stable with mixed signals on a sequential basis.
Marico Ltd's trailing twelve month (TTM) performance
Marico Ltd appears significantly overvalued based on our fair value analysis.
Marico Ltd's current PE ratio is 56.2x.
Marico Ltd's current PE is 56.2x.
Marico Ltd's price-to-book ratio is 23.8x.
Marico Ltd is rated Average with a fundamental score of 43.73/100. This score is calculated from objective financial metrics
Marico Ltd has a debt-to-equity ratio of N/A.
Marico Ltd's return ratios over recent years
Marico Ltd's operating cash flow is positive (FY2025).
Marico Ltd's current dividend yield is 1.41%.
Marico Ltd's shareholding pattern (Dec 2025)
Marico Ltd's promoter holding has decreased recently.
Marico Ltd has been outperforming Nifty 500 for 7 consecutive weeks, indicating building momentum.
Marico Ltd is an established outperformer with 7 weeks of consecutive Nifty 500 outperformance.
Marico Ltd has 3 key growth catalysts identified from recent earnings analysis
Marico Ltd has 2 key risks worth monitoring
In Q3 FY26, Marico Ltd's management highlighted
Marico Ltd's management has provided the following forward guidance for next 2-4 quarters
Based on quantitative research signals, here is why Marico Ltd may be worth studying
Marico Ltd investment thesis summary:
Marico Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
