Q3 2026 Marico Ltd Earnings Call Transcript
Key Points
- Marico Ltd (BOM:531642) reported a sequential improvement in volume growth in its India business, despite an elevated pricing environment.
- The company achieved strong market share gains in its value-added hair care segment, with value share reaching an all-time high of nearly 30%.
- Marico Ltd's international business delivered robust and broad-based growth, with Bangladesh, Vietnam, and South Africa showing double-digit growth.
- The company announced a strategic investment in 4,700 BC, a leading premium gourmet snacking brand, aiming to leverage synergies and broaden its presence.
- Marico Ltd is confident of sustaining a double-digit growth trajectory in the near to medium term, supported by strategic focus on premium segments and consistent innovation.
- The Sofola edible oil segment experienced a soft quarter with moderated revenue growth due to an elevated pricing environment.
- Marico Ltd faced challenges in its foods portfolio, with a pause in growth as the company worked on rectifying non-profitable segments.
- The company is cautious about taking immediate pricing actions in response to the 25-30% drop in Copra prices, awaiting a clearer trajectory.
- There are concerns about potential volume growth challenges in the India business if deflation in key segments like Parachute occurs.
- Marico Ltd's foods segment growth was only 5% this quarter, attributed to rationalization of SKUs and focus on profitability.
Good evening ladies and gentlemen. You are connected to Marico Limited's conference call. Please stay connected to this conference. We'll begin shortly. We thank you for your patience. Participants. Good evening and welcome to the Marico Limited Q3 FY26 earnings conference call. Please stay connected. This conference will begin shortly. We thank you for your patience.
Ladies and gentlemen, good day and welcome to Marico Limited's Q3 FY26 earnings conference call. We have with us the Senior Management of Marico represented by Mr. Sogata Gupta, MD and CEO, and Mr. Pawan Agrawal, Group CFO and CEO International Business.
(Operator Instructions).
Please note that this conference is being recorded.
Before we get started, I would like to remind you that the Q&A session is only for institutional investors and analysts and therefore if anybody else who is not an institutional investor or analyst but would like to ask questions.
Please directly reach out to Marico's Investor Relations team.
I now hand the conference over to Mr. Sapata Gupta.
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