Marico Q2 Results FY27: Date, Expectations and Preview
- September 18, 2026
- Posted by: Harsh Piplani
- Category: Results
Marico CMP Rs 818.05, market cap approx Rs 1,06,362 crore. Q1 FY27 net profit Rs 652 crore on revenue of Rs 3,957 crore.
Track the latest Marico Ltd. share price on Univest. This is a point investors are watching closely around Marico Q2 results.
Marico Ltd., one of India’s largest listed FMCG companies, is heading toward its next scheduled announcement, with investors and analysts tracking the Marico Q2 results FY27 for the September 2026 quarter. This Marico Q2 results preview covers the expected results date, recent quarterly trend and current valuation, using only disclosed historical figures rather than any forecast numbers.
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Marico Q2 Results FY27 Date
The exact Marico Q2 results date for FY27 has not been officially announced yet. Based on the company’s historical results calendar pattern, Marico Q2 results FY27 are typically expected to be released in the second half of October or early November 2026, consistent with the timeline the company has followed for prior quarterly disclosures.
Also read – Gabriel India Q2 Results FY27 Preview
Marico Q2 Results Expectations
Marico Q2 results expectations for the September 2026 quarter will be shaped by the same broad factors that typically drive FMCG performance, including rural and urban demand trends, input cost movements for key raw materials such as copra and edible oils, and the pace of growth in the company’s foods and personal care portfolios. Investors will watch whether the strong operating margin recovery seen in Q1 FY27 can be sustained in the Marico Q2 results FY27, and whether volume growth trends across categories hold up. As a large, well established consumer company, Marico’s quarterly reporting is relatively clean, without major one off items complicating the underlying trend.
Previous Quarter: Q1 FY27 (June 2026) Performance
In the June 2026 quarter (Q1 FY27), Marico reported revenue of Rs 3,957 crore, operating profit of Rs 819 crore at a 20.7 percent operating margin, and net profit of Rs 652 crore. This was the strongest quarter across the recent five quarter series on both revenue and margin, and forms the immediate base for the Marico Q2 results FY27 sequential comparison.
Q2 FY26 Base Quarter (September 2025)
The year ago base quarter is Q2 FY26, or September 2025, which will be the reference point for the year on year comparison once the Marico Q2 results FY27 are declared. In that quarter, Marico reported revenue of Rs 3,482 crore, operating profit of Rs 560 crore at a 16.08 percent operating margin, and net profit of Rs 432 crore. This was a comparatively softer margin quarter relative to the June 2026 quarter, giving the upcoming comparison a fairly wide base to measure against.
Recent Trend: Jun25 to Jun26
The recent quarterly trend for Marico shows steady revenue growth alongside a margin cycle that dipped through the middle quarters before recovering. In Q1 FY26 (June 2025), revenue was Rs 3,221 crore with operating profit of Rs 655 crore at a 20.34 percent margin and net profit of Rs 513 crore. Q2 FY26 (September 2025) saw revenue rise to Rs 3,482 crore, but operating margin eased to 16.08 percent and net profit fell to Rs 432 crore. Q3 FY26 (December 2025) improved slightly, with revenue of Rs 3,537 crore, margin recovering marginally to 16.74 percent and net profit of Rs 460 crore. Q4 FY26 (March 2026) saw revenue moderate to Rs 3,301 crore, with margin easing again to 15.78 percent and net profit of Rs 408 crore, the softest quarter in the series on both counts. Q1 FY27 (June 2026) then marked a sharp recovery, with revenue jumping to Rs 3,957 crore, operating margin rebounding to 20.7 percent and net profit rising to Rs 652 crore, the strongest quarter of the five. This pattern of margin softness through the middle of the run followed by a strong Q1 FY27 recovery is a key trend investors will carry into the Marico Q2 results FY27.
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Also read – Gala Precision Engineering Q2 Results FY27 Preview
Key Factors to Watch in Marico Q2 Results
- Whether the operating margin recovery to 20.7 percent in Q1 FY27 can be sustained in the Marico Q2 results FY27.
- Input cost trends for copra, edible oils and other key raw materials that directly affect FMCG gross margins.
- Volume growth trends in Marico’s core categories, including hair oils, edible oils and its foods and personal care portfolio.
- Rural versus urban demand recovery, a recurring theme across the FMCG sector heading into the festive season.
- Any commentary on pricing actions taken during the quarter and their effect on realisation growth.
Valuation Snapshot
| Metric | Value |
|---|---|
| Current Market Price | Rs 818.05 |
| 52 Week High / Low | Rs 889.10 / Rs 690.30 |
| 50 Day / 200 Day Moving Average | Rs 844.43 / Rs 793.74 |
| RSI | 45.77 |
| PE Ratio | 56.26 |
| EPS | Rs 14.54 |
| Book Value | Rs 32.40 |
| Price to Book | 25.25 |
| ROE | 42.8% |
| Debt to Equity | 0.13 |
| Dividend Yield | 0.49% |
| Market Cap | Approx Rs 1,06,362 crore |
Marico’s valuation reflects its status as a large, high quality FMCG franchise, with a PE ratio of 56.26 and a return on equity of 42.8 percent, among the highest in the sector. The stock is trading below its 50 day moving average but above its 200 day average, with an RSI of 45.77 indicating broadly neutral momentum ahead of the Marico Q2 results FY27.
What to Watch in Q2 FY27
The Marico Q2 results FY27 will be watched for confirmation of whether the sharp margin recovery in Q1 FY27 reflects a durable improvement or a seasonally favourable quarter. With the Q2 FY26 base quarter margin at a comparatively modest 16.08 percent, there is scope for a meaningful year on year change depending on how input costs and demand trends played out through the September quarter.
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Conclusion
Marico enters its Q2 results FY27 on the back of a strong Q1 FY27 performance and a comparatively softer Q2 FY26 base quarter, both of which set up an interesting year on year comparison once results are declared. This Marico Q2 results preview has been built entirely around disclosed historical data, trends and qualitative factors rather than predicted numbers. The official Marico Q2 results FY27 are expected in the second half of October or early November 2026. This article is for informational purposes only and is not a recommendation to buy or sell the stock.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Univest Comtrade Private Limited (SEBI Research Analyst Registration No. INH000013776) does not guarantee the accuracy, completeness, or timeliness of the information provided. Investors should conduct their own research or consult a qualified financial advisor before making any investment decisions. Investments in securities are subject to market risks; please read all related documents carefully before investing.
When are Marico Q2 results FY27 expected?
Ans. The exact date has not been officially announced. Based on the company’s historical results calendar pattern, Marico Q2 results FY27 are typically expected in the second half of October or early November 2026.
What was Marico’s net profit in the previous quarter?
Ans. In Q1 FY27 (June 2026), Marico reported a net profit of Rs 652 crore on revenue of Rs 3,957 crore, with operating margin recovering to 20.7 percent.
How did Marico’s operating margin trend over the last year?
Ans. Marico’s operating margin eased from 20.34 percent in June 2025 to a low of 15.78 percent in March 2026, before recovering sharply to 20.7 percent in June 2026.
What is Marico’s current share price and valuation?
Ans. Marico is currently trading around Rs 818.05 with a PE ratio of 56.26, a return on equity of 42.8 percent, and a market capitalisation of approximately Rs 1,06,362 crore.
