Marico Q4 FY26: Revenue 3,333, profit before tax rising

May 5, 2026 5 mins read Firehose Gupta

Marico Limited — Quarter and year ended March 31, 2026

Sr. No.	Particulars	Quarter ended	Year ended
		March 31, 2026 (Audited) (Refer note 13)	December 31, 2025 (Un-audited)
1	Revenue from operations	3,333	3,537
2	Other income	60	39
3	Total income (1 + 2)	3,393	3,576
4	Expenses
	(a) Cost of materials consumed	1,578	1,525
	(b) Purchases of stock-in-trade	281	425
	(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	(24)	47
	(d) Employee benefits expense	237	241
	(e) Finance cost	17	14
	(f) Depreciation and amortisation expense	60	50
	(g) Other expenses
	Advertisement and sales promotion	320	336
	Others	420	371
	Total expenses	2,889	3,009
5	Profit before tax (3 – 4)	504	567
6	Tax expense
	Current tax	112	126
	Deferred tax charge / (credit)	(16)	(19)
	Tax expense for the period	96	107
7	Net profit for the period (5 – 6)	408	460
8	Other comprehensive income / (loss)
	A. (i) Items that will not be reclassified to profit or loss
	Remeasurements of post employment benefit obligations	(3)	4
	(ii) Income tax relating to items that will not be reclassified to profit or loss
	Remeasurements of post employment benefit obligations	(0)	(0)
	B. (i) Items that will be reclassified to profit or loss
	Exchange differences on translation of foreign operations	36	23
	Change in fair value of hedging instruments	(2)	(1)
	(ii) Income tax relating to items that will be reclassified to profit or loss
	Change in fair value of hedging instruments	1	(0)
	Other comprehensive income / (loss)	31	26
9	Total comprehensive income for the period (7+8)	439	486
10	Net profit attributable to:
	– Owners	391	447
	– Non-controlling interests	17	13
11	Other comprehensive income / (loss) attributable to:
	– Owners	30	25
	– Non-controlling interests	1	1
12	Total comprehensive income attributable to:
	– Owners	421	472
	– Non-controlling interests	18	14
13	Paid-up equity share capital (Face value of Re. 1/- per share)	130	130
14	Other equity
15	Earnings per share (of Re. 1 /- each) (Not annualised)
	(a) Basic (in Rs.)	3.04	3.45
	(b) Diluted (in Rs.)	3.03	3.44

Particulars	As at March 31, 2026 (Audited)	As at March 31, 2025 (Audited)
ASSETS
Non-current assets
Property, plant and equipment	832	710
Capital work-in-progress	85	40
Right of use assets	258	230
Investment property	9	15
Goodwill	1,036	857
Other intangible assets	1,498	946
Financial assets
(i) Investments	135	215
(ii) Loans	4	6
(iii) Other financial assets	27	22
Deferred tax assets (net)	125	57
Non current tax assets (net)	114	108
Other non-current assets	92	49
Total non-current assets	4,215	3,255
Current assets
Inventories	1,611	1,235
Financial assets
(i) Investments	1,948	1,375
(ii) Trade receivables	1,304	1,271
(iii) Cash and cash equivalents	404	321
(iv) Bank balances other than (iii) above	89	456
(v) Loans	7	7
(vi) Other financial assets	6	3
Current tax asset (net)	3	2
Other current assets	488	407
Total current assets	5,860	5,077
Total assets	10,075	8,332
EQUITY AND LIABILITIES
Equity
Equity share capital	130	129
Other equity
Reserves and surplus	4,167	3,997
Other reserves	(87)	(152)
Share application money pending allotment	0	1
Equity attributable to owners	4,210	3,975
Non-controlling interests	284	291
Total equity	4,494	4,266
Liabilities
Non-current liabilities
Financial liabilities
(i) Borrowings	0	–
(ii) Lease liabilities	127	124
(iii) Other financial liabilities	947	1,211
Employee benefit obligations (net)	31	27
Provisions	1	1
Deferred tax liabilities (net)	374	248
Total non-current liabilities	1,480	1,611
Current liabilities
Financial liabilities
(i) Borrowings	355	379
(ii) Lease liabilities	75	51
(iii) Trade payables
Total outstanding dues of micro enterprises and small enterprises	146	89
Total outstanding dues of creditors other than micro enterprises and small enterprises	1,488	1,217
(iv) Other financial liabilities	1,585	288
Other current liabilities	221	232
Employee benefit obligations (net)	146	92
Provisions	9	15
Current tax liabilities (net)	76	92
Total current liabilities	4,101	2,455
Total liabilities	5,581	4,066
Total equity and liabilities	10,075	8,332

Particulars	Year ended Mar 31, 2026 (Audited)	Year ended Mar 31, 2025 (Audited)
A CASH FLOW FROM OPERATING ACTIVITIES
PROFIT BEFORE INCOME TAX	2,277	2,116
Adjustments for :
Depreciation and amortisation expense	202	178
Finance costs	53	53
Interest income from financial assets	(14)	(77)
(Gain) on disposal of property, plant and equipment and right of use asset (net)	(2)	(20)
Net fair value changes in financial assets and profit on sale of investments	(153)	(76)
Employees stock option charge	31	43
Provision for doubtful debts	3	2
Operating profit before working capital changes	2,397	2,219
Change in operating assets and liabilities:
(Increase) / Decrease in inventories	(352)	101
(Increase) in trade receivables	(2)	(205)
(Increase) / Decrease in other financials assets	(12)	3
(Increase) / Decrease in other non-current assets	(4)	2
(Increase) in other current assets	(61)	(33)
Decrease / (Increase) in loans and other assets	11	(3)
(Decrease)/ Increase in provisions	(14)	14
Increase in employee benefit obligations	56	21
(Decrease) / Increase in other current liabilities	(13)	21
Increase / (Decrease) in trade payables	282	(218)
Increase in other financial liabilities	362	4
Changes in working capital	253	(293)
Cash generated from operations	2,650	1,926
Effect of exchange difference on translation of foreign currency	(1)	(79)
Income taxes paid (net of refunds)	(565)	(484)
Net cash generated from operating activities (A)	2,084	1,363
B CASH FLOW FROM INVESTING ACTIVITIES
Payment for property, plant and equipment and intangible assets	(319)	(161)
Acquisition of subsidiary under business combination (net of cash)	(452)	–
Proceeds from sale of property, plant and equipment	7	39
Purchase of non current investments	–	(46)
Proceeds from sale of non current investments	145	60
(Payment) for / proceeds from purchase / sale of current investments (net)	(486)	(926)
(Investment in) / Redemption of bank deposits (having original maturity more than 3 months) (net)	359	343
Interest received	24	70
Net cash (utilised in)/ generated from investing activities (B)	(722)	(621)
C CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from issuance of share capital	154	46
(Purchase)/ sale of investments by WEOMA trust (net)	(82)	(12)
Borrowings (repaid) / taken (net)	(24)	(5)
Dividend paid to non controlling interest	(81)	(47)
Acquisition of non controlling interest	(221)	(70)
Interest paid	(37)	(51)
Repayment of principal portion of lease liabilities	(64)	(43)
Interest on lease liabilities	(16)	(14)
Dividends paid to company’s shareholders	(908)	(453)
Net cash utilised in financing activities (C)	(1,279)	(649)
D NET INCREASE IN CASH & CASH EQUIVALENTS (A+B+C)	83	93
E Cash and cash equivalents at the beginning of the financial year	321	228
F Cash and cash equivalents at the end of the year	404	321

Sr. No.	Particulars	Quarter ended	Year ended
		March 31, 2026 (Audited) (Refer note 11)

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