MARICO

May 26 (Reuters) - Marico Ltd MRCO.NS:

• MARICO - MARICO ENTERS HAIR CLEANSING SEGMENT

• MARICO - MARICO ENTERS HAIR CLEANSING SEGMENT

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** Marico MRCO.NS shares jump about 3% to 832.20 rupees

** FMCG major posted 14% y/y rise in Q4 profit, forecast FY27 consolidated revenue above estimates

FY27 GUIDANCE, MARGIN RECOVERY DRIVE OPTIMISM

** BofA ("buy"; TP: 875 rupees) says easing copra prices, steady volume growth should help sustain outperformance

** Goldman Sachs ("buy"; TP: 900 rupees) says co has strong visibility on FY27 growth, aided by momentum in foods, premium personal care segments

** Nomura ("buy"; TP: 950 rupees) says co's upgraded FY27 guidance is rare in current environment

** Jefferies ("buy"; TP: 960 rupees) says co well-placed among staples peers due to strong India volume growth, premiumisation trends

** Investec ("buy"; TP: 909 rupees) says Marico among its top staples picks

** CLSA ("underperform"; TP: 519 rupees) says demand in key categories could moderate as price-led growth normalises

(Reporting by Surbhi Misra in Bengaluru)

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May 5 (Reuters) - Marico Ltd MRCO.NS:

• MARICO Q4 CONSOL NET PROFIT 3.91 BILLION RUPEES; IBES EST. 3.85 BILLION RUPEES

• MARICO Q4 CONSOL REVENUE FROM OPERATIONS 33.33 BILLION RUPEES; IBES EST. 33.13 BILLION RUPEES

• MARICO - DIVIDEND 4 RUPEES PER SHARE

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** Shares of Marico MRCO.NS climb 2.5% to 763.30 rupees, top gainer among consumer goods stocks .NIFTYFMCG

** MRCO said its Q4 consolidated revenue grew in the low-twenties percentage range in a provisional update

** MRCO sees Q4 operating profit growing in double digit range, says confident of healthy volume-led growth in FY27

** Stock was up 0.7% before the news

** Analysts rate MRCO and 8 other stocks "buy" on 15-member consumer goods index - LSEG data

** Stock up 2.8% this week after logging four straight weekly losses

(Reporting by Nandan Mandayam in Bengaluru)

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April 1 (Reuters) - Marico Ltd MRCO.NS:

• PAWAN AGRAWAL TO LEAD OVERALL INTERNATIONAL BUSINESS OF MARICO EFFECTIVE APRIL 1, 2026

• PAWAN AGRAWAL WILL BE DESIGNATED AS GROUP CFO AND CHIEF EXECUTIVE OFFICER - INTERNATIONAL BUSINESS

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** India's Marico MRCO.NS is set to outperform consumer staples peers on revenue and volume growth, supported by a resilient core portfolio, says BofA Securities

** Earnings growth for MRCO is set to improve as prices of key input copra moderate while crude oil impact is relatively low compared to peers - BofA

** BofA retains "buy" with price target of 860 rupees; MRCO stock up 2.6% to 744 rupees

** BofA estimates 8%/15% revenue/earnings per share CAGR growth over fiscal years 2026-2028, citing recovery in value added hair oils segment, foods, premium personal care businesses

** The average rating of 38 analysts tracking MRCO is "buy"; median price target is 860 rupees, data compiled by LSEG shows

** MRCO shares are down 3.4% in 2026 so far, outperforming the 16% drop in Nifty FMCG index .NIFTYFMCG, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)

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Feb 9 (Reuters) - Marico Ltd MRCO.NS:

• MARICO - ENTERS AGREEMENTS FOR STRATEGIC INVESTMENT IN SKINETIQ

• MARICO - UNIT TO BUY 75% OF SKINETIQ SHARES

• MARICO - DEAL FOR 2.62 BILLION RUPEES

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Feb 4 (Reuters) - Indian consumer firm Marico MRCO.NS on Wednesday said it will buy a 60% stake in homegrown protein brand Cosmix in a 2.26 billion rupee ($24.99 million) deal.

($1 = 90.4490 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Sonia Cheema)

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Jan 27 (Reuters) - Marico Ltd MRCO.NS:

• Q3 CONSOL NET PROFIT 4.47 BILLION RUPEES; IBES EST. 4.44 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 35.37 BILLION RUPEES; IBES EST. 35.1 BILLION RUPEES

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BENGALURU, Jan 2 (Reuters) - India's Marico MRCO.NS expects third-quarter consolidated revenue to rise in the high twenties percent from a year earlier, as easing inflation and tax cuts have boosted sales, the company said on Friday.

The Saffola oils and Parachute haircare maker has remained resilient despite slowing urban demand as recent tax changes have enabled it to cut prices.

Marico said while its cooking oil business had a muted quarter, its core hair oils segment grew from a year ago. Saffola cooking oils and Parachute coconut hair oils together account for about half of Marico's India revenue.

The company said its premium personal care segment outperformed expectations and added that gross margins are likely to improve further as prices of copra, a key raw material used for coconut oil, eased.

Underlying volume growth in its India business remained in the high single digits, marking a slight improvement from a quarter ago, the company said.

Marico had logged a 15% rise in consolidated revenue to 27.94 billion rupees ($309.8 million) in the third quarter last year.

Its shares settled 0.36% lower on Friday but have risen nearly 6% since the tax changes came into effect on September 22.

($1 = 90.1900 Indian rupees)

(Reporting by Komal Salecha in Bengaluru; Editing by Mrigank Dhaniwala)

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Oct 31 (Reuters) - India's Patanjali Foods PAFO.NS posted a 67.4% increase in quarterly profit on Friday, on strong demand for its edible oils.

The Sunrich edible oil maker's profit after tax rose to 5.17 billion rupees ($58.82 million) for the quarter ended September 30 from 3.09 billion rupees a year earlier.

Patanjali Foods benefited from a cut in import duty on crude edible oils to 10% from 20%.

The move, aimed at easing inflation and boosting domestic refining, reduced the cost of local processing and supported edible oil makers' margins.

Revenue from Patanjali's edible oils business, which makes up nearly 70% of the total, rose 17.2% during the quarter to 69.72 billion rupees.

The firm also reduced prices on select edible oils, including its ghee, to pass on benefits from a recent cut in goods and services tax to customers.

Larger rivals AWL Agri Business AWLA.NS and Saffola owner Marico MRCO.NS are yet to report results.

Overall revenue increased by 21% to 97.99 billion rupees.

Shares of Patanjali ended 1.2% lower ahead of the results on Friday.

($1 = 87.8950 Indian rupees)

(Reporting by Yagnoseni Das and Meenakshi Maidas in Bengaluru; Editing by Ronojoy Mazumdar)

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Oct 13 (Reuters) - Marico Ltd MRCO.NS:

• MBL INDUSTRIES VOLUNTARILY LIQUIDATED EFFECTIVE SEPTEMBER 18, 2025

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Oct 3 (Reuters) - India's Marico MRCO.NS sees its second quarter consolidated revenue growing at about 30% year-on-year, driven by price hikes and higher sales of its premium hair oils.

Revenue from operations grew 8% in the year ago quarter.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Mrigank Dhaniwala)

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Oct 1 (Reuters) - Marico Ltd MRCO.NS:

• LIQUIDATOR DISTRIBUTES APCOS BUSINESS TO MARICO

• APCOS BUSINESS CONSOLIDATED WITH MARICO EFFECTIVE OCT 1, 2025

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** Shares of Marico MRCO.NS fall 1.3% to 714.75 rupees

** India's Income Tax department is conducting surveys across Marico's offices and facilities pan India, CNBC TV-18 reports

** The department's Mumbai investigation unit is directing the exercise; details of the investigation are awaited - report

** Marico and IT department did not immediately respond to Reuters' request for comment

** Forty analysts covering MRCO have a "buy" rating on avg; median PT is 805 rupees - data compiled by LSEG

** Stock up ~12% YTD

(Reporting by Urvi Dugar)

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Sept 11 (Reuters) - Marico Ltd MRCO.NS:

• MARICO LTD - TO BUY REMAINING 46.02% STAKE IN HW WELLNESS

• MARICO LTD - ACQUISITION VALUED AT UP TO 1.38 BILLION RUPEES

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Aug 4 (Reuters) - Indian consumer goods maker Marico MRCO.NS reported a first-quarter profit on Monday that topped analyst expectations, benefiting from steady demand for its cooking and hair oils.

Its consolidated net profit rose nearly 9% to 5.04 billion rupees ($57.51 million) in the April-June quarter, beating analysts' expectations of 4.86 billion rupees, according to data compiled by LSEG.

Domestic volumes rose 9%, led primarily by its Saffola brand cooking oils and hair oils.

Packaged cooking oil, a staple in Indian households, has been largely resistant to a slowdown in sales that has dented the margins of other consumer conglomerates which have a broad portfolio of personal care and household items.

Marico has also passed on the benefits of the recent import duty reduction on edible crude oils used to refine its 'Saffola' cooking oils, to its customers.

Saffola oil volumes rose in mid-single digits in the first quarter, while revenue in the segment rose 28%, Marico said.

Volumes of Marico's 'Parachute' brand of coconut oil rose about 1% and revenue grew 31%, as price hikes undertaken to mitigate commodity cost inflation padded the topline but crimped demand.

Together, they make up about half of Marico's revenue in India.

Marico also joined companies such as Dabur DABU.NS and Hindustan Unilever HLL.NS in highlighting improving demand conditions in urban areas, after several quarters of a spending slowdown amid the high cost of living.

Its overall revenue rose 23.3% in the first quarter, to 32.59 billion rupees, coming in above analysts' average estimate of 32.1 billion rupees.

Shares of Marico were up 1.87%.

Peer AWL Agri Business AWLA.ns, previously known as Adani Wilmar, reported a nearly 25% fall in first quarter profit in July, as higher prices of branded palm oil led consumers to opt for cheaper alternatives.

($1 = 87.6440 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sonia Cheema)

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Adds CEO comment in paragraph 10, background in paragraph 9

July 15 (Reuters) - India's AWL Agri Business AWLA.NS, previously known as Adani Wilmar, reported a nearly 25% fall in quarterly profit on Tuesday, as higher prices of branded palm oil led consumers to opt for cheaper alternatives.

Indian consumers operating on tight budgets due to slow wage growth have been increasingly shunning large brands in response to price increases.

AWL, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 2.36 billion rupees ($27.51 million) for the first quarter ended June 30.

Sales volumes in its mainstay edible oil business, which accounted for four-fifths of its topline, dropped 4% on slow palm oil sales, even as higher prices helped push revenue higher.

Volumes in the segment "remained under pressure, largely due to sluggish palm oil sales driven by its relatively higher prices," AWL said, adding it lost market share during the quarter.

Overall revenue rose 21% to 170.59 billion rupees.

AWL's food business, which sells staples such as rice and pulses, posted a 5% fall in volumes, excluding a one-off impact, as wheat flour sales struggled due to soft demand, stiff local competition and higher prices.

Shares fell 2.2% post-results.

In the coming quarters, AWL expects sales volumes to rebound, with palm oil prices stabilising and inflation slowing to a more than six-year low last month.

"As the inflation comes down ... food is the first product on which consumers are a little more likely to spend liberally," CEO Angshu Mallick told Reuters, adding consumers would now buy more branded foods, including tea and bread.

Rival Marico MRCO.NS, which sells the Saffola brand of cooking oil, is yet to report results. It said in an update earlier this month that quarterly revenue would grow in the low-20s percentage range on improving rural demand.

($1 = 85.7870 Indian rupees)

(Reporting by Praveen Paramasivam; Editing by Janane Venkatraman)

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July 11 (Reuters) - Marico Ltd MRCO.NS:

• MARICO -REMAIN FOCUSED ON SCALING TOWARDS 200 BILLION RUPEES IN REVENUE BY2030 -ANNUAL REPORT

• MARICO - ASPIRE TO DELIVER DOUBLE-DIGIT EBITDA MARGIN ACROSS DIGITAL-FIRST PORTFOLIO BY FY27

• MARICO - EXPECT DIGITAL-FIRST PORTFOLIO TO REACH 2.5X OF THE FY24 EXIT RUN-RATE BY FY27

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** Marico MRCO.NS gains 4% to 742 rupees

** "Saffola" oil maker's quarterly revenue rises in low-twenties percentage range in April-June quarter, led by sustained demand from rural consumers

** Nuvama says co's quarterly update in line with their expectations

** Adds co showed "strong performance across segments"

** Raises its Q1 revenue growth estimate for co to 22.4% y/y from 21.5%

** Q1 revenue of peer AWL Agri Business AWLA.NS, formerly called Adani Wilmar, rises 23% y/y on higher edible oil prices

** YTD, MRCO gains 16% vs AWLA's ~17% decline

(Reporting by Kashish Tandon in Bengaluru)

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July 3 (Reuters) - India's Marico MRCO.NS said on Thursday consolidated revenue registered a low-twenties percentage growth in the quarter ended June 30, driven by sustained demand from rural consumers, although margins remained under pressure.

The consumer goods maker forecasts gross margin to remain under "incremental pressure" due to high costs of key raw materials such as copra, but expects these pressures to ease in the second half of the fiscal year.

Marico said it sees growth in operating profit to be modest on an on-year basis in the first quarter.

The 'Saffola' oil maker has benefited from improving rural demand for its products at a time when consumer goods makers have been dealing with sluggish urban consumption amid high cost of living.

Marico said that demand remained steady in the first quarter with improving trends in its rural markets.

It added that it expects overall sentiment to improve gradually in upcoming quarters on the back of easing inflation, a favourable monsoon season and policy stimulus.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sonia Cheema and Eileen Soreng)

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May 8 (Reuters) - India's consumer goods sector reported an 11% growth in value in the March quarter, as rural growth outpaced that in urban areas for the fifth straight quarter, market research firm NielsenIQ said on Thursday.

Rural areas - which account for just over a third of overall consumer goods sales - have become a bright spot for an industry that is struggling with higher living costs and slow wage growth in large cities.

"Rural markets continue to drive growth, whereas urban metros continue to see a shift toward E-commerce," Roosevelt Dsouza, head of customer success for consumer goods at NielsenIQ, said.

Although rural consumption growth slowed in the March quarter, with volumes rising 8.4% compared to 9.2% in the previous three months, it still outpaced urban demand, where growth decelerated to 2.6% from 4.2%.

Price increases also contributed to the overall value growth, with the cost of staples such as edible oil rising 5.6% during the quarter, compared with just 0.3% in the same period a year ago.

Low base, rural growth, and easing inflation are helping smaller players, which saw 17.8% growth in value, outpacing the broader FMCG market, the report said.

Indian consumer goods maker Marico MRCO.NS reported fourth-quarter profit above analysts' expectations, boosted by improving rural demand and price increases for its key packaged oil brands—underscoring the strength of non-urban markets.

The company also said it plans to expand its presence in villages across India.

Smaller manufacturers are driving consumption compared to larger players, whose volume growth has halved compared to the December quarter, NielsenIQ said.

Hindustan Unilever HLL.NS and Nestle India NEST.NS reported weaker fourth-quarter profits, with Hindustan Unilever cutting its margin forecast amid high commodity costs and sluggish urban demand.

Going ahead, NielsenIQ said revised tax slabs and a favorable monsoon forecast could further lift consumption in the coming quarters.

(Reporting by Ashish Chandra in Bengaluru; Editing by Sonia Cheema)

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May 2 (Reuters) - Marico Ltd MRCO.NS:

• RE-APPOINTS SAUGATA GUPTA AS MD, CEO

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April 3 (Reuters) - Marico Ltd MRCO.NS:

• MARICO LTD - EXPECTS MARGINAL OPERATING PROFIT GROWTH YOY IN Q4 FY25

• MARICO - CONSOLIDATED REVENUE GROWTH MOVED TO HIGH-TEENS ON A YEAR-ON-YEAR BASIS IN QUARTER

• MARICO LTD - CONSOLIDATED BUSINESS SEES LOW DOUBLE-DIGIT REVENUE GROWTH FY25

• MARICO LTD - INDIA BUSINESS SEES SEQUENTIAL UPTICK IN VOLUME GROWTH IN Q4

• MARICO - EXPECT TO MAINTAIN DOUBLE-DIGIT REVENUE GROWTH MOMENTUM IN FY26

• MARICO LTD - SECTOR EXPERIENCED STABLE DEMAND TRENDS IN Q4 FY25

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** Shares of India's Marico MRCO.NS rise 3% to a one-month high of 642.9 rupees

** Motilal Oswal expects an 11% compounded annual growth in revenue over FY25-FY27, adds that a double-digit revenue growth forecast missing for most peers

** Brokerage reiterates "buy" rating with a PT of 775 rupees, indicating an upside of 21% in next 12 months

** Says co gaining market share consistently in core portfolios, seeing accelerated growth in food and premium personal care segments

** Analysts avg rating on stock "buy", median PT 730 rupees, as per LSEG

** YTD, MRCO up 0.5% vs 6.7% losses in Nifty FMCG .NIFTYFMCG index

(Reporting by Vivek Kumar M)

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Feb 6 (Reuters) - Solid demand in rural areas, as well as higher prices of staples including edible oil and wheat flour, helped the consumer goods sector report a 10.6% sales growth in the December quarter, market researcher NielsenIQ said on Thursday.

India's rural areas - which account for just over a third of consumer goods sales - have proven a bright spot for an industry struggling with an inflation-led spending slowdown in large cities.

"Rural markets (continued) to lead the charge, outpacing urban consumption (during the December quarter)," Roosevelt Dsouza, head of customer success for consumer goods at NielsenIQ, said in a statement.

Sales volume jumped 9.9% in rural areas in the December quarter, up from 5.7% in the previous quarter - double the 5% increase in urban centers, NielsenIQ said. But it added urban pockets also improved from the September quarter's 2.6% growth.

Rural areas have outperformed urban locations for the last four quarters, benefiting from income support schemes rolled out by several Indian states, while slowing salary increases in cities have squeezed consumer spending.

In the October-December quarter, overall volume rose by 7.1% - the highest in over a year - driven by demand for laundry products and edible oil, even as prices rose by 3.3%, according to NielsenIQ.

Dabur India DABU.NS and Hindustan Unilever HLL.NS reported a higher December-quarter profit on recovering rural demand.

However, large consumer goods makers, with topline exceeding 50 billion rupees ($571.2 million) are also facing stiff competition from smaller rivals, whose sales increased roughly twice as fast during the festive quarter, NielsenIQ said.

Consumer goods makers have also raised product prices to counter price increases in commodities such as copra and cocoa, with cooking oil maker Adani Wilmar ADAW.NS and Hindustan Unilever warning of further hikes.

Indians also preferred smaller product packs during the quarter, NielsenIQ said, echoing comments from Hindustan Unilever.

($1 = 87.5400 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Eileen Soreng)

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Jan 31 (Reuters) - Marico Ltd MRCO.NS:

• MARICO Q3 CONSOL NET PROFIT 3.99 BILLION RUPEES; IBES PROFIT EST. 4.02 BILLION RUPEES

• MARICO Q3 CONSOL REVENUE FROM OPERATIONS 27.94 BILLION RUPEES; IBES EST. 27.48 BILLION RUPEES

• MARICO LTD - DECLARES INTERIM DIVIDEND OF 3.50 RUPEES PER SHARE

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Jan 27 (Reuters) - India's Adani Wilmar ADAW.NS reported a two-fold surge in third-quarter profit on Monday, buoyed by higher demand in its core edible oils segment.

The consumer goods company, which makes the Fortune brand of cooking oil, reported a consolidated net profit of 4.11 billion rupees ($47.56 million) for the quarter ended Dec. 31 from 2.01 billion rupees a year ago.

Shares rose 3% after the results.

Revenue from its core edible oils segment - which accounted for over 79% of total revenue - grew 38% during the quarter, driven by increased demand for sunflower and mustard oils.

The company said it recorded in 5% growth in volumes in the quarter.

Cooking oil has largely resisted the broader slowdown in branded consumer goods due to its essential nature, despite brands increasing prices in recent months to offset rising ingredient costs, as per analysts.

Expenses rose 30% due to a sharp rise in underlying commodity prices, driven by a hike in customs duty in mid-September.

Adani Wilmar's foods unit, which includes products such as soya chunks and basmati rice, recorded a 22% revenue growth, driven by increased demand from general trade and e-commerce channels, according to its quarterly update.

It reported a 31% increase in total revenue, hitting 168.59 billion rupees.

In late December, the Adani Group announced its exit from the consumer goods unit - which it owned in a joint venture with Singapore's Wilmar International WLIL.SI - selling its entire stake to its Singaporean partner and through the open market.

Rival Marico MRCO.NS said in its update it anticipated third-quarter revenue growth in the mid-teen percentage range, supported by improving rural consumption and stronger demand for its Parachute and Saffola oil brands.

($1 = 86.4250 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Janane Venkatraman)

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Jan 3 (Reuters) - Indian consumer goods firm Marico MRCO.NS on Friday estimated its consolidated quarterly revenue will rise in the mid-teen percentage range, boosted by improving rural consumption and higher demand for its Parachute and Saffola brands of oils.

Cooking oil has largely withstood a broader slowdown among branded consumer goods due to its essential nature, according to analysts, even as brands raised prices in recent months to make up for higher ingredient costs.

Analysts are expecting a 11.2% rise in consolidated revenue in the quarter, as per LSEG data.

The Parachute coconut oil brand has been "resilient" in terms of revenue, while Saffola has "held firm in volume terms", the company said.

However, Marico said it expects a higher-than-anticipated gross margin contraction on a year-on-year basis and modest operating profit growth for the third quarter ended Dec. 31 due to higher raw materials and expansion costs.

The update from Marico comes two months after it tipped its consolidated revenue to grow year-on-year in the double-digit percentage range between October and March.

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living. Marico CEO Saugata Gupta told Reuters in November that urban consumption would take at least six months to revive.

The urban segment accounted for about 30% of its domestic sales, as of June-end.

Marico's international business, which accounts for a quarter of its overall revenue, will report a mid-teen constant currency growth in revenue in the third quarter, the company said.

Gupta in November had said Marico was looking to expand in the United States and East Africa as well as enter Indonesia.

In 2024, Marico shares rose 16.6%, compared with a 0.3% fall in the Nifty consumer goods index .NIFTYFMCG.

(Reporting by Praveen Paramasivam and Meenakshi Maidas; Editing by Janane Venkatraman)

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Dec 18 (Reuters) - Marico Ltd MRCO.NS:

• APEX COURT DISMISSES COMMISSIONER OF CENTRAL EXCISE APPEAL

• INDIA APEX COURT UPHOLDS ORDER CLASSIFYING PURE COCONUT OIL AS EDIBLE OIL FOR LEVY OF DUTY

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