Marico Ltd

ESG rating update

• ESG score of 68 assigned, indicating a 'Strong' rating under the provider's methodology.
• Rating provided by ESG Risk Assessments & Insights Limited; Marico did not engage the provider.
• Rating issued on August 20, 2026 and accessible on Marico's investor website.

Financial Performance

• Consolidated revenue growth 23% and EBITDA/PAT growth 25% in Q1FY27.
• India business: 11% volume growth; revenue up 21%.
• EBITDA margin at 20.7%, up 40 bps; gross margin up 30 bps.
• Advertising and sales promotion expenses grew 25% as branding investments rose.
• Two-year CAGR: volume 10%, revenue 23%, PAT 17%.

Domestic and International Trends

• Parachute Rigids delivered 10% volume growth and 400+ bps volume-share gain; revenue up 23%.
• VAHO grew 22% value; mid-premium mix contributed high-teens volume.
• Almond oil franchise progressing; target INR100 crores ARR by FY28.
• Foods and Premium Personal Care portfolio expanded; Foods growth 43% with INR1,300 crore run rate.
• Beardo/Plix digital brands ARR over INR1,100 crores; profitability improving.
• International CC growth 15%; Vietnam 27%, MENA 24%, Bangladesh 4%.
• Cosmix and 4700BC integration tracking well; on track.
• Premium Personal Care ARR around INR450 crores; shampoo launch progress.

Margin and Cost Trends

• Copra prices corrected meaningfully; range bound around 35% lower than peak.
• LP and polymers costs up 60–70%; gross margin still up 30 bps.
• Cost mix and copra gains influence gross margin; aim to hold margin.
• 20% EBITDA growth aspiration; management says it is not conservative.

Q&A Highlights

• Parachute: only one price drop in loyalty packs; no further action expected.
• Copra price path: range-bound with 30–35% below peak; price interventions continue.
• 4700BC and Cosmix integration advanced; end-year upside to initial assumptions.
• Shampoo national launch; target INR100 crores in first year.
• Tax rate guidance: FY27 ~18%; FY28 ~19–20%.
• Quick commerce growth 20–25% with profitability; GT slower but diversified channels.
• Foods growth 43% includes Cosmix/4700BC contributions.

Outlook and Guidance

• Full-year aspiration: cross INR15,000 crores revenue; high-teens EBITDA growth.
• India volume growth expected in high single digits; international CC mid-teens.
• Double-digit India volume growth possible in next three quarters.
• Vision 2030: INR20,000 crores revenue; mid-teens EBITDA CAGR.
• EDGE framework to expand addressable market, distribution, digitization and profitability.
• Portfolio diversification into premium and digital; aiming for stronger growth quality.

ESG rating update

• Crisil ESG Ratings assigns ESG score 71 indicating 'Leadership' for Marico.
• Rating disseminated to BSE and NSE on August 10, 2026.
• Marico did not engage Crisil; rating independently determined by provider.
• Intimation filed under SEBI LODR Regulation 30; available on company website.
• No financial implications or metrics disclosed in the filing.

AGM Details

• AGM conducted via Video Conferencing/Other Audio-Visual Means on 6 August 2026, 9:00 a.m.–10:24 a.m. IST.
• Remote e-voting conducted 3–5 August 2026; cut-off date 30 July 2026.

Key Resolutions

• Ordinary: Adoption of Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Declaration of final dividend of ₹4 per equity share for FY 2025-26.
• Ordinary: Appointment of director retiring by rotation, eligible for re-appointment.
• Ordinary: Ratification of remuneration payable to cost auditors for FY 2026-27.

Voting Results

• All resolutions passed with requisite majority; no notable dissent reported.

Dividend

• Final dividend of ₹4 per equity share approved.

Director Changes

• Director retiring by rotation offered for re-appointment; re-appointed.

Auditor Appointments

• Remuneration of cost auditors ratified for FY 2026-27.

AGM Details

• AGM date/time: 6 Aug 2026 at 9:00 am IST via VC/OAVM.
• Record date: 30 Jul 2026; remote e-voting Aug 3–5, 2026.
• VC attendees: Promoter group 27; Public 49.
• Total shareholders on record: 300,666.

Resolutions & Outcomes

• Resolution 1 (Ordinary): Adopt Audited Standalone and Consolidated Financial Statements; approved.
• Resolution 2 (Ordinary): Final dividend of ₹4 per equity share; approved.
• Resolution 3 (Ordinary): Re-appointment of director retiring by rotation; approved.
• Resolution 4 (Ordinary): Ratify remuneration of Cost Auditors for FY2027; approved.

Dividend

• Final dividend of ₹4 per equity share approved.

Director Changes

• Director retiring by rotation reappointed.

Auditors & Remuneration

• Cost Auditors remuneration for FY2027 ratified.

Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No additional material approvals disclosed.

Meeting Details

• Date/time: Aug 4, 2026, 6:00 p.m. IST.
• Type/mode: group investor/analyst conference call; virtual.
• Organizer: Marico Limited (Q1FY27 Earnings Call).
• Results posting: after board approval on Aug 4, 2026.

Participants

• Key company participants: MD & CEO; Group CFO & CEO - International Business.

Purpose

• Discuss Q1 FY27 results for quarter ended June 30, 2026.

Additional Notes

• Recording and transcript will be published on the company website.
• Live webcast will be available.

Dematerialisation processing and listing status

• Dematerialisation requests were processed and confirmed to depositories during the reporting period.
• Securities dematerialised have been listed on the stock exchanges where previously listed.
• Certificates for dematerialisation were mutilated and cancelled after due verification; depository's name substituted as registered owner within timelines.