MARICO

Marico Limited

FMCG in beauty and wellness — hair care, edible oils and foods under household brands

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Edible Oil

marico.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹785.00
Market cap
1,01,759 Cr
Stock P/E
53.9
P/B
24.24
Dividend yield
1.0%
ROE (FY26)
39.2%
ROCE (FY26)
48.1%
Operating margin (FY26)
15.6%
Debt / equity (FY26)
0.08
OCF / EBITDA (FY26)
89.5%
OCF / EBITDA (3Y)
75.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Marico makes and sells branded consumer products, including Parachute coconut oil, Saffola edible oils and foods, and hair oils, to households in India and in international markets such as Bangladesh, Vietnam, the Middle East and South Africa.

Company snapshot

1stBy market cap

Ranked among 11 companies in Edible Oil.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 74.6% of revenue

SegmentRevenue shareRevenuePBTAssets
India
74.6%
6,042 Cr1,228 Cr—
International
25.4%
2,059 Cr552 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.08x — the company is largely funded by its own money, not borrowed funds.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,476 Cr2,422 Cr2,278 Cr2,643 Cr2,664 Cr2,794 Cr2,730 Cr3,259 Cr3,482 Cr3,537 Cr3,333 Cr3,957 Cr
Operating expenses (approx.)1,979 Cr1,909 Cr1,836 Cr2,017 Cr2,142 Cr2,261 Cr2,272 Cr2,604 Cr2,922 Cr2,945 Cr2,812 Cr3,138 Cr
EBITDA497 Cr513 Cr442 Cr626 Cr522 Cr533 Cr458 Cr655 Cr560 Cr592 Cr521 Cr819 Cr
OPM %20.1%21.2%19.4%23.7%19.6%19.1%16.8%20.1%16.1%16.7%15.6%20.7%
Other income38 Cr43 Cr15 Cr37 Cr82 Cr42 Cr47 Cr56 Cr49 Cr39 Cr60 Cr48 Cr
Interest20 Cr19 Cr17 Cr17 Cr11 Cr13 Cr12 Cr10 Cr12 Cr14 Cr17 Cr21 Cr
Depreciation39 Cr42 Cr41 Cr41 Cr41 Cr44 Cr52 Cr45 Cr47 Cr50 Cr60 Cr56 Cr
Profit before tax476 Cr495 Cr399 Cr605 Cr552 Cr518 Cr441 Cr656 Cr550 Cr567 Cr504 Cr790 Cr
Tax %24.4%22.0%19.8%21.7%21.6%21.6%21.8%21.8%21.5%18.9%19.0%17.5%
Net profit360 Cr386 Cr320 Cr474 Cr433 Cr406 Cr345 Cr513 Cr432 Cr460 Cr408 Cr652 Cr
EPS (₹)₹2.73₹2.97₹2.46₹3.60₹3.26₹3.08₹2.65₹3.90₹3.24₹3.45₹3.04₹4.86

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,936 Cr6,333 Cr7,334 Cr7,315 Cr8,048 Cr9,512 Cr9,764 Cr9,653 Cr10,831 Cr13,611 CrSign in free for the trailing twelve months
Operating expenses (approx.)4,777 Cr5,195 Cr6,053 Cr5,846 Cr6,457 Cr7,831 Cr7,954 Cr7,627 Cr8,692 Cr11,283 CrSign in free for the trailing twelve months
EBITDA1,159 Cr1,138 Cr1,281 Cr1,469 Cr1,591 Cr1,681 Cr1,810 Cr2,026 Cr2,139 Cr2,328 CrSign in free for the trailing twelve months
OPM %19.5%18.0%17.5%20.1%19.8%17.7%18.5%21.0%19.7%17.1%Sign in free for the trailing twelve months
Other income97 Cr85 Cr103 Cr124 Cr94 Cr98 Cr144 Cr142 Cr208 Cr204 CrSign in free for the trailing twelve months
Interest17 Cr16 Cr24 Cr50 Cr34 Cr39 Cr56 Cr73 Cr53 Cr53 CrSign in free for the trailing twelve months
Depreciation90 Cr89 Cr96 Cr140 Cr139 Cr139 Cr155 Cr158 Cr178 Cr202 CrSign in free for the trailing twelve months
Profit before tax1,149 Cr1,117 Cr1,263 Cr1,374 Cr1,523 Cr1,601 Cr1,743 Cr1,937 Cr2,116 Cr2,277 CrSign in free for the trailing twelve months
Tax %29.4%25.9%10.1%24.1%21.3%21.6%24.2%22.5%21.6%20.4%Sign in free for the trailing twelve months
Net profit811 Cr827 Cr1,135 Cr1,043 Cr1,199 Cr1,255 Cr1,322 Cr1,502 Cr1,658 Cr1,813 CrSign in free for the trailing twelve months
EPS (₹)₹6.21₹6.32₹8.67₹7.91₹9.08₹9.50₹10.08₹11.46₹12.59₹13.62Sign in free for the trailing twelve months
Dividend payout %————85.8%97.0%45.9%81.8%30.2%54.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital129 Cr129 Cr129 Cr129 Cr129 Cr129 Cr129 Cr129 Cr129 Cr130 Cr
Reserves2,197 Cr2,414 Cr2,870 Cr2,894 Cr3,111 Cr3,219 Cr3,670 Cr3,703 Cr3,846 Cr4,080 Cr
Borrowings239 Cr309 Cr349 Cr335 Cr348 Cr345 Cr475 Cr383 Cr379 Cr355 Cr
Other liabilities1,055 Cr1,217 Cr1,383 Cr1,631 Cr1,904 Cr2,036 Cr2,515 Cr2,869 Cr3,693 Cr5,226 Cr
Total liabilities3,633 Cr4,081 Cr4,742 Cr5,002 Cr5,510 Cr5,786 Cr6,946 Cr7,421 Cr8,338 Cr10,075 Cr
Fixed assets (net)547 Cr534 Cr572 Cr800 Cr752 Cr778 Cr808 Cr909 Cr940 Cr1,090 Cr
CWIP11 Cr27 Cr45 Cr58 Cr24 Cr39 Cr67 Cr44 Cr40 Cr85 Cr
Investments608 Cr543 Cr467 Cr750 Cr871 Cr850 Cr1,112 Cr617 Cr1,605 Cr2,092 Cr
Loans & advances——5 Cr5 Cr6 Cr5 Cr4 Cr6 Cr7 Cr7 Cr
Inventories1,253 Cr1,511 Cr1,411 Cr1,380 Cr1,126 Cr1,412 Cr1,225 Cr1,336 Cr1,235 Cr1,611 Cr
Trade receivables247 Cr341 Cr517 Cr539 Cr388 Cr652 Cr1,015 Cr1,069 Cr1,271 Cr1,304 Cr
Cash & bank43 Cr51 Cr48 Cr93 Cr109 Cr276 Cr207 Cr228 Cr321 Cr404 Cr
Other assets923 Cr1,075 Cr1,677 Cr1,377 Cr2,234 Cr1,774 Cr2,508 Cr3,212 Cr2,919 Cr3,482 Cr
Total assets3,633 Cr4,081 Cr4,742 Cr5,002 Cr5,510 Cr5,786 Cr6,946 Cr7,421 Cr8,338 Cr10,075 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity649 Cr555 Cr1,018 Cr1,218 Cr2,353 Cr1,016 Cr1,419 Cr1,436 Cr1,363 Cr2,084 Cr
Cash from investing-92 Cr17 Cr-351 Cr-44 Cr-1,223 Cr428 Cr-929 Cr176 Cr-621 Cr-722 Cr
Cash from financing-574 Cr-567 Cr-653 Cr-1,146 Cr-1,119 Cr-1,290 Cr-560 Cr-1,542 Cr-649 Cr-1,279 Cr
Net cash flow-51 Cr8 Cr-2 Cr45 Cr16 Cr156 Cr-133 Cr21 Cr93 Cr83 Cr
Free cash flow (OCF − Capex)562 Cr427 Cr856 Cr1,024 Cr2,079 Cr884 Cr1,237 Cr1,283 Cr1,202 Cr1,765 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %45.2%39.6%38.3%42.2%43.2%43.7%40.6%44.2%46.7%48.1%
ROE %34.1%32.4%37.1%34.4%36.0%36.0%32.9%35.5%38.2%39.2%
Debtor days15202627182538404335
Inventory days165163129147106102961249895
Days payable9289861041069711414610996
Cash conversion cycle89946870173020183334
OCF / EBITDA %56.0%48.7%79.5%82.9%147.9%60.4%78.4%70.9%63.7%89.5%
OCF / EBITDA % (3 years)——62.1%71.8%105.7%96.8%94.2%70.2%70.6%75.2%
Debt / equity0.100.120.120.110.110.100.130.100.100.08
Current ratio1.911.921.911.801.651.631.571.642.071.43
Net debt / EBITDA0.17—0.230.160.150.040.150.080.03-0.02