Marico, a leading player in India’s consumer products sector with a focus on hair care and wellness, announced its June-quarter results today, August 4. The company reported an underlying volume growth of 9% for the Indian business, driven by positive trends in core franchises and the accelerated scale-up of new businesses.
Revenue from the India business stood at ₹2,495 crore, up 27% YoY, further supported by price hikes in core portfolios in response to sharp inflation in input costs. The international business maintained its robust double-digit constant currency growth momentum, demonstrating resilience despite elevated input costs and currency headwinds in select markets.
However, the gross margin contracted by 530 basis points YoY as sharp inflation in key commodities continued to exert pressure, compounded by a particularly high base and the pricing-led denominator effect. Despite these constraints, the company’s A&P spend rose 25% YoY as it continued investing to strengthen its core franchises and accelerate diversification. Consequently, EBITDA grew 5%, while the EBITDA margin stood at 20.1%, down 360 basis points YoY.
