Marico (MARICO) Q4 24/25 earnings summary

Executive summary

• Achieved double-digit consolidated revenue growth for FY25, with consolidated revenue reaching Rs 10,831 crore and net profit at Rs 1,629 crore, supported by strong performance in both India and international markets.

• Foods and premium personal care segments scaled rapidly, with foods crossing Rs 900 crore and premium personal care reaching about Rs 300 crore in FY25.

• Diversification into foods and premium personal care drove a significant revenue mix change, now comprising 22% of India business revenues.

• Board recommended a total dividend of Rs 10.50 per share for FY25, subject to shareholder approval.

• Project Sethu/SETU focused on rural and urban distribution expansion, supporting volume growth and market share gains.

Financial highlights

• FY25 consolidated revenue: Rs 10,831 crore (up from Rs 9,653 crore in FY24); net profit: Rs 1,629 crore (up from Rs 1,481 crore in FY24).

• Q4FY25 consolidated revenue: Rs 2,730 crore (up 20% YoY); Q4FY25 EBITDA: Rs 458 crore (up 4% YoY); Q4FY25 PAT: Rs 343 crore (up 8% YoY).

• Foods portfolio delivered 44% value growth in Q4 and 30% in FY25, crossing Rs 900 crore in annual revenue.

• Digital First portfolio exited FY25 at Rs 750 crore ARR, with Beardo and PLIX showing strong profitability and growth.

• Advertising & promotion spends up 35% YoY in Q4FY25 and 18% YoY in FY25.

Outlook and guidance

• Expect gradual pickup in core category growth in FY26, aided by improving consumption sentiment, moderating inflation, and government schemes.

• Foods and premium personal care portfolios targeted to reach over 25% of domestic revenues by FY27, with foods targeting 25%+ CAGR.

• Sustained double-digit revenue and operating profit growth expected for the next year.

• Margin pressure from copra expected to ease by end of Q2 FY26; margin improvement anticipated thereafter.