# MARICO (MARICO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/marico

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹821.85
- Change: +0.59%
- As of: 2026-09-18
- 1D return: -1.60%
- 5D return: +0.11%
- 1M return: -6.34%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of the close on September 18, 2026, MARICO is exhibiting a mixed technical stance across different timeframes. The daily timeframe indicates a bearish trend, with the price below key moving averages like the 20-day EMA (₹820.57) and 50-day EMA (₹831.51), and the Supertrend indicator signaling bearishness at ₹848.29. This is contrasted by the monthly timeframe, which shows a bullish trend with the price above the 20-day EMA (₹761.45) and Supertrend (₹659.62). The weekly timeframe also leans bullish, with the price above the Supertrend (₹771.75) and the 50-week EMA (₹789.59), though it is below the 20-week EMA (₹822.45).

Recent price action includes a "Bearish Engulfing Reversal" pattern on the daily chart as of September 18, 2026, and "Harami" and "Outside Bar" patterns on the weekly chart. The stock is currently trading near its nearest support level of ₹801.67, which is approximately 0.28% below the current price. Key resistance is observed at ₹809.33, about 0.68% higher. The stock's current drawdown stands at -9%, with annualized volatility at 19% and an Average True Range (ATR) of 2.1% of the current price, suggesting moderate risk.

Investors should monitor the stock's interaction with the ₹801.67 support level and the ₹809.33 resistance level. A sustained move below ₹801.67 could reinforce the daily bearish trend, while a break above ₹809.33 might signal a potential shift. The divergence between the daily bearish trend and the longer-term bullish signals on weekly and monthly charts warrants close observation for a clearer directional bias.

- The stock closed at ₹803.9 on September 18, 2026.
- Daily trend is bearish (price below 20-day EMA ₹820.57, 50-day EMA ₹831.51, and Supertrend ₹848.29).
- Monthly trend is bullish (price above 20-day EMA ₹761.45 and Supertrend ₹659.62).
- Weekly trend is bullish (price above Supertrend ₹771.75 and 50-week EMA ₹789.59).
- Nearest support is at ₹801.67 (0.28% below current price); nearest resistance is at ₹809.33 (0.68% above current price).

- Harami
- Outside Bar
- Bearish Engulfing Reversal
- Inside Bar

### News Context

The Indian Fast-Moving Consumer Goods (FMCG) sector experienced a rally on September 16, 2026, with the Nifty FMCG Index rising 1.63%. This broader market movement saw the S&P BSE Sensex gain 332.63 points (0.45%) and the Nifty 50 add 99 points (0.43%), snapping a two-day decline. Within this context, a report on September 18, 2026, from Nuvama Institutional Equities, citing Executive Director Abneesh Roy, suggested that FMCG companies may continue to implement price increases due to rising input costs. The report specifically noted that Hindustan Unilever (HUL) is expected to maintain its near-term EBITDA margin guidance of 22.5-23.5%, potentially operating at the lower end of this range in the second quarter, with a longer-term guidance of 22-24%. Separately, on September 16, 2026, a report highlighted Rishabh Mariwala-led Sharrp Ventures' interest in expanding its investment in India's regional snacks market.

- On September 16, 2026, the Nifty FMCG Index increased by 1.63%, contributing to a broader market rally where the S&P BSE Sensex and Nifty 50 also saw gains.
- A Nuvama Institutional Equities report on September 18, 2026, indicated that FMCG price hikes are anticipated to continue due to rising input costs.
- The same Nuvama report noted that Hindustan Unilever (HUL) is expected to operate towards the lower end of its near-term EBITDA margin guidance of 22.5-23.5% for Q2.
- On September 16, 2026, it was reported that Rishabh Mariwala-led Sharrp Ventures is looking to increase its involvement in India's regional snacks sector.

- FMCG price hikes to continue as input costs rise; big players may gain market share: Nuvama
- Quick Wrap: Nifty FMCG Index rises 1.63%
- Indices snap 2-day losses; FMCG shares rally
- Rishabh Mariwala-led Sharrp Ventures wants a bigger bite of India’s regional snacks

### What Changed

As of September 18, 2026, Marico's stock price has seen a decrease from ₹817.0 to ₹803.9. Recent news highlights that input cost increases are expected to continue driving price hikes in the Fast-Moving Consumer Goods (FMCG) sector, with larger players potentially gaining market share. An analyst from Nuvama Institutional Equities anticipates Hindustan Unilever (HUL) to operate towards the lower end of its near-term EBITDA margin guidance of 22.5-23.5% in Q2, while maintaining a longer-term guidance of 22-24%.

- Marico's stock price declined to ₹803.9 on September 18, 2026, from ₹817.0.
- Industry-wide price increases are anticipated due to rising input costs, potentially benefiting major FMCG companies.
- An analyst noted that HUL expects to be at the lower end of its Q2 EBITDA margin guidance (22.5-23.5%).

- FMCG price hikes to continue as input costs rise; big players may gain market share: Nuvama

### Official Filings

Marico Limited's Securities Committee made several allotments of equity shares on September 8, 2026, and August 10, 2026, under its Employee Stock Option Plan (ESOP) 2016. On September 8, 2026, 18,00,000 shares were allotted to the Welfare of Mariconians Trust (WEOMA Trust) at ₹802.50 per share for cashless exercise, and 600 shares were allotted to an eligible grantee at ₹545.34 per share. On August 10, 2026, 1,451 shares were allotted to eligible grantees at exercise prices of ₹498.25 and ₹520.96 per share. These allotments have resulted in an increase in the company's paid-up share capital. Additionally, on August 6, 2026, the company held its 38th Annual General Meeting where a final dividend of ₹4 per equity share for the fiscal year ending March 31, 2026, was declared, and all resolutions, including director re-appointment and auditor remuneration ratification, were passed. Marico also received an ESG rating of 79 from NSE Sustainability Ratings & Analytics Limited for FY2026, categorizing it as a 'Leader'. CRISIL Ratings reaffirmed the company's long-term bank loan facilities at CRISIL AAA/Stable and short-term facilities at CRISIL A1+ on September 2, 2026.

- On September 8, 2026, Marico Limited allotted 18,00,000 equity shares to WEOMA Trust at ₹802.50 per share and 600 shares to an eligible grantee at ₹545.34 per share under ESOP 2016.
- On August 10, 2026, 1,451 equity shares were allotted to eligible grantees under ESOP 2016 at exercise prices of ₹498.25 and ₹520.96 per share.
- The company's paid-up share capital increased to ₹1,30,01,88,450 following the September 8, 2026 allotments.
- A final dividend of ₹4 per equity share for FY2025-26 was declared at the Annual General Meeting on August 6, 2026.
- Marico Limited received an ESG rating of 79 ('Leader') for FY2026 and had its credit ratings reaffirmed by CRISIL on September 2, 2026.

- The Securities Committee of the Board of Directors of the Company vide its resolutions passed on September 8, 2026, has allotted 18,00,000 equity shares of face value of Re. 1 each of the Company to the Welfare of Mariconians Trust ( WEOMA Trust ) represented by IDBI Trusteeship Services Limited, Trustee, for the purpose of implementing the facility of cashless exercise by eligible employees under ESOP 2016 and 600 equity shares to an eligible grantee pursuant to exercise of stock options granted under ESOP 2016. |SUBJECT: ESOP/ESOS/ESPS
- MARICO LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- Please find enclosed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Ratings. |SUBJECT: General Updates
- Marico Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating
- Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Management of the Company will be holding one-on-one/group meetings with investors in London as part of a Non-Deal Roadshow organized by Goldman Sachs (India) Securities Private Limited from September 7, 2026 to September 8, 2026. Further, the presentation usually used by the Company officials for such meets is also made available on the Company s website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the copies of the notice published in the Business Standard (English) and Navshakti (Marathi) editions today i.e. August 28, 2026, in accordance with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, requesting the concerned shareholders to lodge claims in respect of 1st Interim Dividend for FY2019-20 that are unclaimed for the last seven years, failing which the said dividend and the shares underlying such dividend shall be liable to be transferred to IEPF. |SUBJECT: Copy of Newspaper Publication
- Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of transcript of the earnings conference call held on Tuesday, August 4, 2026 on the un-audited financial results and operations of the Company for the quarter ended June 30, 2026, is enclosed. The said transcript is also available on the Company's website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- MARICO LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- The Securities Committee of the Board of Directors of the Company vide a resolution passed on August 10, 2026, has allotted 1,451 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016, to the eligible grantees, pursuant to exercise of stock options granted thereunder. |SUBJECT: ESOP/ESOS/ESPS

### Fundamentals

Marico reported revenue from operations of ₹3,957 crore for Q1 FY2026-27, an increase from ₹3,333 crore in Q4 FY2025-26 and ₹3,537 crore in Q3 FY2025-26. Profit Before Exceptional Items And Tax for Q1 FY2026-27 stood at ₹790 crore, up from ₹504 crore in Q4 FY2025-26 and ₹567 crore in Q3 FY2025-26. This growth in operating profit outpaced revenue growth, suggesting potential operating leverage. The company's Profit Loss For Period From Continuing Operations followed a similar upward trend, reaching ₹652 crore in Q1 FY2026-27, compared to ₹408 crore in Q4 FY2025-26 and ₹460 crore in Q3 FY2025-26. Finance costs have also seen an increase, rising from ₹14 crore in Q3 FY2025-26 to ₹21 crore in Q1 FY2026-27, while tax expenses were ₹138 crore in the latest quarter. The company's ability to translate revenue growth into stronger profit growth is a key area to monitor, alongside the trend in finance costs and the effective tax rate.

- Revenue from operations for Q1 FY2026-27 was ₹3,957 crore.
- Profit Before Exceptional Items And Tax for Q1 FY2026-27 was ₹790 crore.
- Profit Loss For Period From Continuing Operations for Q1 FY2026-27 was ₹652 crore.
- Finance Costs increased sequentially from ₹14 crore in Q3 FY2025-26 to ₹21 crore in Q1 FY2026-27.
- Tax Expense for Q1 FY2026-27 was ₹138 crore.

### Bull Case

The company's stock is exhibiting a bullish trend on the monthly timeframe, as indicated by the supertrend indicator. This is supported by a positive return of 12% over the past year. While the daily trend shows some short-term weakness with moving averages below the current price and a bearish supertrend direction, the longer-term monthly trend suggests underlying strength. The stock is currently trading near its immediate support level of ₹801.67.

- Monthly supertrend indicator is bullish as of 2026-09-18.
- The stock has delivered a 12% return over the past year.
- Immediate support level identified at ₹801.67.

- FMCG price hikes to continue as input costs rise; big players may gain market share: Nuvama
- Quick Wrap: Nifty FMCG Index rises 1.63%
- Indices snap 2-day losses; FMCG shares rally
- Rishabh Mariwala-led Sharrp Ventures wants a bigger bite of India’s regional snacks

### Bear Case

The company's stock is currently exhibiting a bearish trend on a daily basis, with the Supertrend indicator signaling a sell at 848.29. This is further supported by the 20-day Exponential Moving Average (EMA) at 820.57 and the 50-day EMA at 831.51, both of which are above the current closing price of ₹803.9. The daily trend shows a negative slope across short-term moving averages, indicating downward momentum. While the monthly trend is bullish, the recent daily technical indicators suggest potential short-term headwinds.

- Daily Supertrend indicator is bearish as of 2026-09-18.
- The 20-day EMA (820.57) and 50-day EMA (831.51) are above the current closing price of ₹803.9.
- The 14-day ADX on the daily chart is 34.92, indicating a strong trend, which is currently in a bearish direction.
- The company's current drawdown is -0.09, with a maximum drawdown of -0.13.

- FMCG price hikes to continue as input costs rise; big players may gain market share: Nuvama
- Quick Wrap: Nifty FMCG Index rises 1.63%
- Indices snap 2-day losses; FMCG shares rally
- Rishabh Mariwala-led Sharrp Ventures wants a bigger bite of India’s regional snacks

### FAQs

**What was the impact of the recent employee stock option plan (ESOP) allotment on Marico's paid-up capital?**

On September 8, 2026, Marico Limited allotted 18,00,000 equity shares to the Welfare of Mariconians Trust (WEOMA Trust) and 600 equity shares to an eligible grantee under its ESOP 2016 plan. This allotment increased the company's paid-up share capital from ₹1,29,83,87,850 to ₹1,30,01,88,450.

**What are Marico's recent credit and ESG ratings?**

On September 2, 2026, CRISIL Ratings reaffirmed Marico Limited's long-term bank loan facilities at CRISIL AAA/Stable and short-term facilities at CRISIL A1+. Additionally, on September 3, 2026, Marico received an ESG rating of 79 from NSE Sustainability Ratings & Analytics Limited for FY 2026, categorizing it as a 'Leader' based on its environmental, social, and governance performance.

**How has Marico's stock performed over different periods?**

As of September 18, 2026, Marico's stock has shown the following returns: a 12% return over the past year, a 6% return year-to-date, and a 6% return over the last six months. In the shorter term, it experienced a 2% decline over the last month and a 2% decline over the last three months.

**What is the current technical trend and key price levels for Marico?**

As of September 18, 2026, Marico's daily trend indicators suggest a bearish sentiment with the Supertrend direction at 'bearish' and the 20-day Exponential Moving Average (EMA) slope at -9.82. However, the monthly trend shows a 'bullish' Supertrend direction. Key support levels are identified at ₹801.67 and ₹793.18, while immediate resistance is noted around ₹809.33 and ₹812.75.

- FMCG price hikes to continue as input costs rise; big players may gain market share: Nuvama
- Quick Wrap: Nifty FMCG Index rises 1.63%
- Indices snap 2-day losses; FMCG shares rally
- Rishabh Mariwala-led Sharrp Ventures wants a bigger bite of India’s regional snacks
- The Securities Committee of the Board of Directors of the Company vide its resolutions passed on September 8, 2026, has allotted 18,00,000 equity shares of face value of Re. 1 each of the Company to the Welfare of Mariconians Trust ( WEOMA Trust ) represented by IDBI Trusteeship Services Limited, Trustee, for the purpose of implementing the facility of cashless exercise by eligible employees under ESOP 2016 and 600 equity shares to an eligible grantee pursuant to exercise of stock options granted under ESOP 2016. |SUBJECT: ESOP/ESOS/ESPS
- MARICO LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- Please find enclosed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Ratings. |SUBJECT: General Updates
- Marico Limited has informed the Exchange about Credit Rating |SUBJECT: Credit Rating
- Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Management of the Company will be holding one-on-one/group meetings with investors in London as part of a Non-Deal Roadshow organized by Goldman Sachs (India) Securities Private Limited from September 7, 2026 to September 8, 2026. Further, the presentation usually used by the Company officials for such meets is also made available on the Company s website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹817.82
- Risk regime: Price Risk Currently Contained

### Support levels
- 740.4
- 647.2375
- 619.125

### Resistance levels
- 812.75
- 830.375
- 840.5879882812501

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.60% |
| return_10 | -2.84% |
| return_1m | -4.47% |
| return_1y | +11.69% |
| return_20 | -6.34% |
| return_3m | -2.05% |
| return_5 | +0.11% |
| return_6m | +6.34% |
| return_since_start | +24.83% |
| return_ytd | +5.71% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -13.19% |
| annualized_volatility | +19.08% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue and Profit Surge to Multi-Quarter Highs

Marico’s first quarter of the new fiscal year delivered a sharp jump in both revenue and profit compared to the previous quarter and the same period a year ago. Revenue grew 21% year on year, while net profit rose 27%, driven by higher revenue and a lower effective tax rate. The quarter’s performance was the strongest in the five-quarter period.

## Revenue Growth

Revenue from operations reached ₹3,957 crore, an increase of 21.4% from ₹3,259 crore in Q1 last year and 18.7% from ₹3,333 crore in the immediately preceding quarter (Q4 FY2025‑26). This quarter’s revenue is the highest in the five-quarter period.

## Profitability and Margins

Profit before tax (PBT) was ₹790 crore, up 20.4% year on year and 56.8% from Q4. Net profit from continuing operations came in at ₹652 crore, up 27.1% year on year and 59.8% sequentially. The year‑on‑year growth in net profit outpaced revenue growth, partly because the effective tax rate fell. Tax expense for the quarter was ₹138 crore, an effective rate of 17.5%, compared with 21.8% in the same quarter last year. Basic earnings per share rose to ₹4.86 from ₹3.90 a year ago.

The net profit margin (net profit as a percentage of revenue) improved to 16.5% from 15.7% in Q1 last year, while the PBT margin remained broadly steady at around 20%.

## Cost Components

The company reported ₹1,751 crore in cost of materials consumed and ₹488 crore in purchases of stock‑in‑trade. After adjusting for a ₹127 crore reduction in inventories (which lowers the net expense), the combined total of these three items was ₹2,112 crore, or about 53% of revenue. Employee benefit expenses were ₹269 crore, depreciation ₹56 crore, and finance costs ₹21 crore – more than double the ₹10 crore reported in the same quarter last year, though still small in absolute terms. Other unallocable expenditure (net of income) was ₹26 crore, down from ₹44 crore in the previous quarter.

The inventory drawdown of ₹127 crore indicates that the company sold more goods than it produced or purchased during the quarter.

## Other Income

Other income of ₹48 crore contributed to total income during the quarter.

## Key Takeaway

Marico’s first quarter of FY2026‑27 showed a clear rebound in revenue and profit from the prior quarter, with both figures reaching the highest levels in the five-quarter period. Net profit grew faster than revenue, aided by a lower tax rate, while the underlying cost structure relative to revenue remained broadly stable. The quarter’s performance represents a marked improvement over the same period last year.

### Ratios

## Official filings

- 2026-09-08 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_08092026161916_SEIntimation.pdf)
- 2026-09-08 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1355_WebXMLFile_20260908_163818606.xml)
- 2026-09-03 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_03092026194635_Intimation_of_Credit_Rating-_NSE.pdf)
- 2026-09-02 — Credit Rating Update: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_02092026201829_Intimation_of_Credit_Rating-_CRISIL.pdf)
- 2026-09-01 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_01092026193734_SE_Intimation-_Roadshow_7-8th_Sept.pdf)
- 2026-08-28 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_28082026175857_Seintimation_Signed.pdf)
- 2026-08-11 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_11082026194246_Seintt.pdf)
- 2026-08-10 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1355_WebXMLFile_20260810_132858432.xml)
- 2026-08-10 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_10082026133246_SEin_new_LH.pdf)
- 2026-08-06 — Generic Announcement: Marico Limited held its 38th Annual General Meeting on August 6, 2026, conducted via video conference. The meeting included the adoption of the financial statements for the fiscal year ending March 31, 2026, the declaration of a final dividend of ₹4 per equity share, the re-appointment of a director, and the ratification of remuneration for the Cost Auditors for the fiscal year ending March 31, 2027. All resolutions were passed with the requisite majority. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_06082026192407_SE_Int.pdf)
- 2026-08-06 — Generic Announcement: Marico Limited held its 38th Annual General Meeting on August 6, 2026, where all resolutions, including the adoption of financial statements, declaration of a final dividend of ₹4 per equity share, re-appointment of a director, and ratification of cost auditor remuneration, were passed with the requisite majority. The remote e-voting period was from August 3 to August 5, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_06082026191521_SEint.pdf)
- 2026-08-05 — Generic Announcement: Marico Limited announced its un-audited consolidated financial results for the quarter ended June 30, 2026, on August 5, 2026. The Board of Directors approved these results on August 4, 2026. The results were published in the Financial Express, Free Press Journal, and Navshakti and are available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_05082026172649_Covering_letter.pdf)
- 2026-08-04 — Generic Announcement: For the quarter ended June 30, 2026, Marico Limited reported a 23% year-over-year increase in consolidated revenue to ₹3,957 crore. This growth was driven by an 11% volume increase in India and a 15% constant currency growth in international business. EBITDA and Profit After Tax both grew 25% year-over-year, reaching their highest levels in 28 quarters. The company also announced a change in accounting policy, reclassifying certain customer-related advertisement and promotional expenses from Advertisement and Sales Promotion expenses to be netted off from Revenue from Operations. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_04082026154730_Se_int.pdf)
- 2026-08-04 — Generic Announcement: Marico Limited's Board of Directors approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, on August 4, 2026. The results include a reclassification of certain customer-related advertisement and promotional expenses as a change in accounting policy, effective from June 30, 2026, which does not impact net profit or EPS. The company also completed intra-group restructurings involving the integration of Just Herbs and Beardo businesses, effective October 1, 2025, and June 29, 2026, respectively, which are treated as common control transactions with no impact on consolidated results. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_04082026154113_Seintimation.pdf)
- 2026-08-04 — Generic Announcement: Marico Limited has made the audio recording of its earnings conference call, held on August 4, 2026, available on its website. The call discussed the company's un-audited financial results and operations for the quarter ended June 30, 2026. The transcript of the conference call will be provided to the stock exchanges and published on the company's website later. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_04082026204115_Covering_letter.pdf)
- 2026-07-27 — Generic Announcement: Marico Limited will host an investor and analyst conference call on Tuesday, August 4, 2026, at 6:00 p.m. IST to discuss financial results and operations for the quarter ended June 30, 2026. The management, including MD & CEO Saugata Gupta and Group CFO & CEO Pawan Agrawal, will participate. An audio recording and transcript will be available on the company's website. The company reported a turnover of ₹136.1 billion for FY 2025-26. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_27072026222703_SEint.pdf)
- 2026-07-10 — Generic Announcement: Marico Limited has published a notice confirming the dispatch of the notice for its 38th Annual General Meeting (AGM) and the Integrated Annual Report for FY26 on July 10, 2026. The AGM is scheduled for August 6, 2026, and will be held via Video Conferencing/Other Audio Visual Means (VC/OAVM). The company also announced a final equity dividend of ₹4 per share for FY25-26, subject to member approval at the AGM, with a record date of July 30, 2026, and payment expected by September 5, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_10072026132458_SE_Int-s.pdf)
- 2026-07-10 — Generic Announcement: Marico Limited received a Compliance Certificate from its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, for the quarter ended June 30, 2026. The certificate confirms that securities received for dematerialisation were processed and listed on stock exchanges within the prescribed timelines, with security certificates being mutilated and cancelled after verification. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_10072026124548_SEInt.pdf)
- 2026-07-09 — Official Filing: MARICO LIMITED will hold its Thirty Eighth Annual General Meeting on Thursday, August 6, 2026, at 09:00 AM via Video Conference. The agenda includes adopting the financial statements for the year ended March 31, 2026, declaring a final dividend of Rs. 4 per equity share, re-appointing Mr. Rishabh Mariwala as a Non-Executive - Non-Independent Director, and ratifying the remuneration for the Cost Auditors, M/s. Ashwin Solanki & Associates, for the financial year ending March 31, 2027.
- 2026-07-09 — Generic Announcement: Marico Limited announced its 38th Annual General Meeting will be held on August 6, 2026, via video conference. The company has sent a letter with a weblink to the Notice of the AGM and the Integrated Annual Report for FY 2025-26 to members whose email addresses are not registered. The final dividend for FY 2025-26 is ₹4 per equity share, with a record date of July 30, 2026, and payment on or before September 5, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_09072026182905_SE_Int.pdf)
- 2026-07-09 — Generic Announcement: Marico Limited will hold its 38th Annual General Meeting on August 6, 2026, via video conference. The agenda includes adopting the financial statements for FY 2025-26, declaring a final dividend of ₹4 per equity share, and re-appointing Mr. Rishabh Mariwala as a Director. The meeting will also seek ratification for the remuneration of M/s. Ashwin Solanki & Associates as Cost Auditors for FY 2026-27, set at ₹11,00,000 plus expenses. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_09072026123905_SE_Int.pdf)
- 2026-07-09 — Generic Announcement: Marico Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, along with an independent assurance statement from Bureau Veritas (India) Private Limited on BRSR Core disclosures. The report covers Marico's India operations and details its performance across nine key ESG attributes, including greenhouse gas emissions, water footprint, energy consumption, waste management, employee well-being, gender diversity, inclusive development, customer and supplier fairness, and business transparency. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_09072026125439_SE_Int_BRSR.pdf)
- 2026-07-08 — Official Filing: Marico Limited will hold a board meeting on August 4, 2026, to consider its unaudited quarterly financial results for the period ended June 2026. The trading window for the company's securities will be closed from June 26, 2026, to August 8, 2026.
- 2026-07-08 — Official Filing: Marico Limited announced the closure of its trading window from June 26, 2026, to August 6, 2026, inclusive. This closure is for the declaration of un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.
- 2026-07-07 — Generic Announcement: Marico Limited's members approved the appointment of Mr. Girish Paranjpe as an Independent Director for a term of five years, effective June 1, 2026, through a postal ballot remote e-voting process. The results, announced on June 15, 2026, showed the special resolution passed with 98.8645% of votes in favor out of the total votes polled. — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_07072026183655_SE_intimation_Cover_letter.pdf)

## News and market events

- 2026-09-18 — CNBC-TV18: **FMCG price hikes to continue as input costs rise; big players may gain market share: Nuvama** — Abneesh Roy, Executive Director at Nuvama Institutional Equities, expects Hindustan Unilever (HUL) to maintain its near-term EBITDA margin guidance of 22.5-23.5%, although he sees the company operating towards the lower end of the range in Q2. HUL's longer-term EBITDA margin guidance stands at 22-24%. — [Source](https://www.cnbctv18.com/market/fmcg-companies-to-post-double-digit-q2-sales-growth-amid-inflation-says-nuvamas-abneesh-roy-alpha-article-19993373.htm)
- 2026-09-16 — BUSINESS: **Quick Wrap: Nifty FMCG Index rises 1.63%** — Powered by Capital Market - Live News — [Source](https://www.business-standard.com/markets/capital-market-news/quick-wrap-nifty-fmcg-index-rises-1-63-126091600880_1.html)
- 2026-09-16 — BUSINESS: **Indices snap 2-day losses; FMCG shares rally** — As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 332.63 points or 0.45% to 74,336.45. The Nifty 50 index added 99 points or 0.43% to 23,217.60. In the past two consecutive trading sessions the Sensex and Nifty declined 1.20% and 1.53%, respectively. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-snap-2-day-losses-fmcg-shares-rally-126091600763_1.html)
- 2026-09-16 — MONEYCONTROL: **Rishabh Mariwala-led Sharrp Ventures wants a bigger bite of India’s regional snacks** — Rishabh Mariwala, Sharrp Ventures, jagdish farsan, D2C, family office, investing, snacks, regional snacks, venture capital — [Source](https://www.moneycontrol.com/news/business/rishabh-mariwala-led-sharrp-ventures-wants-a-bigger-bite-of-india-s-regional-snacks-14030827.html)
- 2026-09-11 — BUSINESSTODAY: **Consumer stocks: Systematix stays cautious on ITC shares; prefers Marico, Bikaji Foods, Dodla Dairy** — ITC, ITC shares, Systematix Institutional Equities, consumer stocks, consumer staples, cigarette volumes, cigarette demand, Marico, Bikaji Foods International, Dodla Dairy, Dabur India, Godrej Consumer Products, Hindustan Foods, Patanjali Foods, Britannia Industries, CCL Products, Colgate-Palmolive India, Hindustan Unilever, Nestle India, Prataap Snacks, Tata Consumer Products, ITC target price, Marico target price, Bikaji Foods target price, Dodla Dairy target price — [Source](https://www.businesstoday.in/markets/stocks/story/consumer-stocks-systematix-stays-cautious-on-itc-shares-prefers-marico-bikaji-foods-dodla-dairy-554875-2026-09-11)
- 2026-09-11 — Mint: **Where there’s a will, there’s a whey: HUL bets Horlicks can catch up in protein race | Company Business News** — Unfazed by its late entry, HUL is expanding Horlicks beyond its traditional children’s base into adult lifestyle nutrition, leveraging brand trust and mass pricing to tap India’s underpenetrated protein market, Rajneet Kohli, executive director of HUL’s foods division, told Mint. — [Source](https://www.livemint.com/companies/news/horlicks-protein-shake-hindustan-unilever-11789040422266.html)
- 2026-09-11 — Mint: **Experts call for intense evaluation of boards as Coforge chairman exits under a cloud | Company Business News** — Bhatt's resignation from Coforge, linked to undisclosed findings in its board evaluation report, has put the spotlight on India's board practices. The Sebi-mandated exercise is often a formality rather than a rigorous assessment. Some advisory firms now push for deeper, more customized reviews. — [Source](https://www.livemint.com/companies/news/coforge-chairman-op-bhatt-resignation-corporate-governance-in-india-11789026227593.html)
- 2026-09-09 — MONEYCONTROL: **Trade Spotlight: How should you trade Marico, Narayana Hrudayalaya, Granules, Laurus Labs, Caplin Point, Tata Technologies, and others on September 9?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-marico-narayana-hrudayalaya-granules-laurus-labs-caplin-point-tata-technologies-and-others-on-september-9-14025670.html)
- 2026-09-08 — Times of India: **Robust GDP, record forex: Why economic boom is still taking a bite out of your breakfast** — India Business News: India’s economy clocked a herculean 7.8% growth in the April-June quarter of FY27. But is the average Indian feeling the boom?Despite global turbulenc. — [Source](https://timesofindia.indiatimes.com/business/india-business/robust-gdp-record-forex-why-economic-boom-is-still-taking-a-bite-out-of-your-breakfast/articleshow/133924981.cms)
- 2026-09-07 — Economic Times: **A bitter pill for sweet lovers as sugar prices put festive mithai, chocolates and biscuits at risk of a hike** — Consumer goods companies are planning price hikes due to high sugar costs. Bikaji Foods is already implementing a two percent increase on its sweets. Companies face significant cost increases compared to recent months. This pressure comes after previous price adjustments for commodity inflation. Further price increases or grammage cuts are anticipated in packaged foods. — [Source](https://economictimes.indiatimes.com/industry/cons-products/fmcg/a-bitter-pill-for-sweet-lovers-as-sugar-prices-put-festive-mithai-chocolates-and-biscuits-at-risk-of-a-hike/articleshow/133865853.cms)
- 2026-09-06 — Times of India: **Your sugar cravings may get costlier** — India Business News: MUMBAI: Your next pack of cookies, chocolates or ladoos could cost you more. Under pressure because of high prices of sugar, consumer goods companies . — [Source](https://timesofindia.indiatimes.com/business/india-business/your-sugar-cravings-may-get-costlier/articleshow/133850032.cms)
- 2026-08-12 — Economic Times: **FMCG’s FII nightmare! $5.2 billion selloff in 12 straight months. Are stocks set for a rebound?** — Over the past year, foreign investors have unloaded $5.2 billion worth of FMCG stocks, largely due to the challenges stemming from inflated valuations and rising input costs. Companies are now transferring these increased costs to customers, resulting in weak volume growth and declining margins. For a recovery to take shape, analysts emphasize the need for enhanced consumer spending and stable commodity prices. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/fmcgs-fii-nightmare-5-2-billion-selloff-in-12-straight-months-are-stocks-set-for-a-rebound/articleshow/133169799.cms)
- 2026-08-11 — BUSINESS: **Leap India IPO subscribed 8.38 times** — The offer received bids for 96.32 crore shares as against 11.49 crore shares on offer. — [Source](https://www.business-standard.com/markets/capital-market-news/leap-india-ipo-subscribed-8-38-times-126081101485_1.html)
- 2026-08-06 — Economic Times: **LEAP India Rs 2,480-crore IPO opens tomorrow. Check GMP, price band and other key details** — KKR-backed LEAP India is set to launch its Rs 2,480 crore IPO on August 7, with shares commanding a grey market premium of around 2%. The company plans to use the proceeds to reduce debt and strengthen its balance sheet, while investors bet on India's growing logistics and supply chain sector. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/leap-india-rs-2480-crore-ipo-opens-tomorrow-check-gmp-price-band-and-other-key-details/articleshow/132984615.cms)
- 2026-08-05 — CNBC-TV18: **FIIs sell ₹943 crore, but Sensex and Nifty close higher as domestic funds step in** — Foreign investors sold Indian equities worth ₹943 crore, but domestic institutions bought ₹2,883 crore of shares, helping Sensex and Nifty end higher despite weakness in banking stocks. — [Source](https://www.cnbctv18.com/market/fiis-sell-%25e2%2582%25b9943-crore-but-sensex-and-nifty-close-higher-as-domestic-funds-step-in-19962661.htm)
- 2026-08-05 — CNBC-TV18: **From profit surges to margin worries: The big takeaways from Wednesday's earnings** — Demand remained resilient across sectors, but margins separated the winners from the rest. Here's what PB Fintech, Biocon, Berger Paints, Cummins India and others told investors. — [Source](https://www.cnbctv18.com/market/earnings/earnings-profit-surges-margin-worries-cummins-pb-fintech-biocon-berger-paints-results-19962686.htm)
- 2026-08-05 — The Hindu: **Smallcaps hit all-time high even as Nifty, Sensex remain directionless** — Nifty 50 closes at 24,624.65, up a marginal 9.75 points or 0.04%, while Sensex adds 152 points or 0.19% to settle at 78,581 — [Source](https://www.thehindubusinessline.com/markets/smallcaps-hit-all-time-high-as-nifty-treads-water/article71309640.ece)
- 2026-08-05 — The Hindu: **Sensex today | Stock Market Live: RBI keeps repo rate unchanged at 5.25%; Sensex jumps 405 pts to 78,834; Nifty edges up 18 pts to 24,633** — Sensex, Nifty, Share Prices LIVE: The benchmark indices Sensex and Nifty edged lower in the morning session on Wednesday, after the RBI held the repo rate steady at 5.25%.  At 11.14 am, Sensex gained 404.81 pts or 0.52% to 78,833.76; and Nifty 50 inched up 17.90 pts or 0.07% to 24,632.80 The top gainers on the Nifty 50 were Shriram Finance (up 1.81%), L&T (1.74%), HDFC Life (1.18%), Grasim (1.35%) and Bajaj Auto (1.08%). The laggards were Apollo Hospitals (down 1.71%), ITC (-1.16%), HCL Tech (-1.15%), Sun Pharma (-1.07%) and TCS (-0.90%). — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-5th-august-2026/article71306480.ece)
- 2026-08-05 — CNBC-TV18: **Q1 Results LIVE Updates: Nykaa shares fall 3%, PNB Housing up 5%; Power Grid, Biocon report today** — Q1 Results LIVE Updates: Power Grid, Biocon, Aurobindo Pharma, Berger Paints, Allcargo Logistics, Aster DM, Bayer Corp, Bikaji, Cummins India, Datamatics, eClerx, GMM Pfaudler, GNFC, Godrej Agrovet, GE Vernova, JK Lakshmi Cement, Navin Fluorine, PB Fintech, Shree Renuka Sugar, Shilpa Medicare, Snowman Logistics, Whirlpool of India, are among the companies reporting their first quarter earnings today. Earnings reactions also come from stocks like BSE, MCX, ONGC, Bharti Airtel, Marico, Nykaa and many others. Watch this space for all the LIVE result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bharti-airtel-ongc-marico-nykaa-aurobindo-biocon-cummins-ge-vernova-pb-fintech-gnfc-whirlpool-berger-bse-mcx-share-price-liveblog-19961894.htm)

## Business profile

**Strategic vision:** Indian multinational consumer goods company in beauty and wellness.

### Business segments
- **Beauty and Wellness:** This segment encompasses products in the beauty and wellness categories, including hair care, skin care, male grooming, and health foods.
- **Household and Personal Care:** This segment includes products related to fabric care and potentially other household and personal care items.
- **Edible Oils:** This segment focuses on the production and sale of edible oils.

### Competitive strengths
- Established presence in the Indian market
- Operations across over 25 countries in Asia and Africa

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/marico
Markdown representation: https://faxioms.com/stocks/marico?render=md