Slide 1: Q4 FY26 Results
marico Is this protein? Q4 FY26 Results MAY 2026 Say CUAHANG Pee oT LAN SERUM KHU MUI " DUGNG SANG LASHE eB UPe <a ibn | Niaciamide eee | & chiét xudit Iyu do Yaadute Marico Information classification: Official
Slide 2: Safe Harbour Statement
Safe Harbour Statement This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar
Slide 3: Index
Index Macro Overview Performance Outlook Financials Highlights 4 6 14 22 3
Slide 4: Stable demand trends; optimistic of gradual improvement in the quarters ahead
Stable demand trends| Optimistic of gradual improvement in the quarters ahead Positive Macro Drivers Tailwinds from GST Rationalization Rangebound Inflation Policy Stimulus Enhanced affordability to Enhancing real purchasing power Supporting consumer confidence aid overall demand and discretionary s
Slide 5: Index
Index Macro Overview Performance Outlook Financials Highlights 4 6 14 22 5
Slide 6: Robust volume and revenue growth in India business; stellar International performance
Robust volume and revenue growth in India business | Stellar performance in International business FY26 (YoY) India International Consolidated 8% 20% 26% Volume Growth Constant Currency Growth Revenue Growth Highest in 7 years Highest in 14 years Highest in 14 years 15% 9% 17.1% 11% Consolidated A&P
Slide 7: India business sustains upward momentum in volumes; International continues strong run
India business sustains upward momentum in volumes | International business continues strong run Q4FY26 (YoY) India International Consolidated 9% 19% 22% Volume Growth Constant Currency Growth Revenue Growth 5% 14% 15.6% 14% Consolidated A&P Consolidated EBITDA Consolidated EBITDA Consolidated PAT S
Slide 8: Volume traction in Parachute to improve; Saffola steady; VAHO robust growth
Volume traction in Parachute to improve | Saffola to remain steady | VAHO maintains robust growth Parachute Coconut Oil Saffola Edible Oils Value Added Hair Oils (36% of India Revenues) (17% of India Revenues) (18% of India Revenues) 4Y Vol. CAGR : Mid-single digit in Edible Oils a * (1%) 29% Mid-si
Slide 9: Foods closes at ₹1,000+ Crores in FY26
Foods closes at ₹1,000+ Crores in FY26 | To resume fast-tracked scale up from FY27 Q4 Value Growth 16% 9
Slide 10: Premium Personal Care: In line with aspirations
Premium Personal Care: In line with aspirations Serums | Male Grooming | Skin Care Digital-First Brands ~₹350 cr. FY26 ARR ₹1100+ cr. FY26 Exit ARR 10
Slide 11: Project SETU: Drive growth in GT through expansion in Direct Reach
Project SETU: Drive growth in GT through transformative expansion in Direct Reach FY24 3-Year Phased Plan FY27 1x 1.5x Direct Reach Direct Reach 01 Fit-for-purpose and fit-for-future GTM Model 02 Better Assortment aiding diversification & premiumization 03 Drive profitable growth and competitive adv
Slide 12: International business exhibits strong momentum despite transient headwinds in Gulf
International business exhibits strong momentum despite transient headwinds in Gulf Bangladesh Vietnam MENA South Africa 35% 25% 18% 12% (7%) 18% 8% 7% Q4 CCG FY26 CCG Q4 CCG FY26 CCG Q4 CCG FY26 CCG Q4 CCG FY26 CCG Strong Performance in Core HPC categories continue to Gulf region impacted by Hair C
Slide 13: Index
Index Macro Overview Performance Outlook Financials Highlights 4 6 14 22 13
Slide 14: Near Term: Consistently Driving Top Quartile Outcomes
Near Term: Consistently Driving Top Quartile Outcomes Across Key Performance Metrics… India Volume Growth (%) International Business CCG (%) HSD Mid-teen FY25 FY26 FY27E FY25 FY26 FY27E Expect to deliver mid-teen CCG in FY27, driven by broad-based Expect to sustain high single-digit (HSD) volume gro
Slide 15: Backed by Resilient Execution, Capabilities and Strategic Levers
…backed by Resilient Execution, Ahead-of-the-Curve Capabilities and Strategic Levers Copra tailwinds Supply Chain & Higher profit uplift Scaling Premium Institutionalized Pricing Power of alleviating other Back-end driven by Foods & Categories in Cost Management Core Brands input cost inflation Capa
Slide 16: Medium Term: Accelerating Towards the 20K+ Topline Vision by 2030
Medium Term: Accelerating Towards the 20K+ Topline Vision by 2030… Consolidated Revenue Growth (%) Consolidated EBITDA Growth (%) Mid-teen CAGR Double-digit CAGR FY26 FY30E FY26 FY30E Poised to deliver double-digit revenue CAGR by FY30, backed by top- Aspire for mid-teen EBITDA CAGR by FY30 quartile
Slide 17: Strategic Vectors for Consistent and Sustainable Growth
…through focus on Strategic Vectors for Consistent and Sustianable Growth Scaling Premium Margin Upside Digital Brand Analytics and AI TAM Expansion Categories in through Operating Building Capabilities Overseas Markets Leverage Unlocking margin Expanding addressable Driving consumer Leveraging data
Slide 18: Diversification through scale-up of Premium and Digital Portfolios
Diversification through scale-up of Premium and Digital Portfolios Across India & Overseas Markets Reducing exposure to commodity-linked portfolios in India and overseas markets, driven by expansion of premium personal care and digital-native brands 27% 37% 44% 50% 73% 63% 56% 50% FY20 FY26 FY27E FY
Slide 19: India: Profitable scale-up of high-growth businesses
India: Profitable scale-up of high-growth businesses Foods Revenue (in ₹ cr.) Digital-first PPC exit ARR (in ₹ cr.) Digital-first PPC EBITDA Margin (%) Teens ~15x ~5x Double Digit ~9x ~2.5x ~4x x x FY20 FY24 FY27E FY30E FY24 FY27E FY30E FY22 FY24 FY27E FY30E Revenue Share of Foods & PPC Profit Share
Slide 20: International: Scaling Profitably Across Regions & Driving Premiumization
International: Scaling Profitably Across Regions & Driving Portfolio Premiumization Revenue Growth in EBITDA Margin (%) of International Business (ex. Bangladesh) International Business (ex. Bangladesh) Twenties High Teens 20%+ CAGR High-Single Digit 15% CAGR FY20 FY26 FY30E FY20 FY26 FY30E Revenue
Slide 21: Index
Index Macro Overview Performance Outlook Financials Highlights 4 6 14 22 21
Slide 22: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (in ₹ cr.) P&L Particulars Q4FY26 Q4FY25 Change (%) FY26 FY25 Change (%) Revenue from Operations 3,333 2,730 22% 13,611 10,831 26% Material Cost 1,835 1,404 31% 7,559 5,388 40% ASP 320 305 5% 1,300 1,128 15% Employee Cost 237 208 14% 916 831 10% Other Expenses 42
Slide 23: Annexure 1: Operating Margin Structure for Marico Limited (Consolidated)
Annexure 1: Operating Margin Structure for Marico Limited (Consolidated) Particulars (% of Revenues) Q4FY26 Q3FY26 Q4FY25 FY26 FY25 Material Cost (Raw + Packaging) 55.1% 56.5% 51.4% 55.5% 49.7% Advertising & Sales Promotion (ASP) 9.6% 9.5% 11.2% 9.6% 10.4% Personnel Costs 7.1% 6.8% 7.6% 6.7% 7.7% Ot
Slide 24: Annexure 2: Working Capital
Annexure 2: Working Capital Key P&L Capital Efficiency Ratios Particulars Q4FY26 Q3FY26 Debtors Turnover (Days) 39 42 Inventory Turnover (Days) 43 41 Net Working Capital (Days) 34 38 Note: The Company has maintained healthy working capital ratios through the year. 24
Slide 25: Annexure 3: Movement of Key Raw Material Prices
Q4FY23 Q4FY23 Q1FY24 Key P&L Q1FY24 Q2FY24 Q2FY24 Q3FY24 Q3FY24 Q4FY24 Q4FY24 Q1FY25 Q1FY25 Q2FY25 Q2FY25 Copra Q3FY25 Q3FY25 Q4FY25 Liquid Paraffin (LLP) Q4FY25 Q1FY26 Q1FY26 Q2FY26 Q2FY26 Q3FY26 Q3FY26 YTD: +2% YoY YTD: +57% YoY Q4FY26 Q4FY26 Q4FY23 Q4FY23 Annexure 3: Movement of Key Raw Material
Slide 26: Annexure 4: Market Shares in Key Categories in the India Business
Annexure 4: Market Shares in Key Categories in the India Business - MAT Mar’26 Franchise ~MS% Rank ^ Parachute Rigids within Coconut Oil 57% 1st * Saffola Oats 42% 1st * Value Added Hair Oils 29% 1st ^ Post wash Leave-on Serums 45% 1st *^ Hair Gels/Waxes/Creams 51% 1st ^ Volume Market Share * Value
Slide 27: Annexure 5: ESG Performance Snapshot (Q4 FY26)
Annexure 5 : ESG Performance Snapshot (Q4 FY26) Emissions & Energy Water Stewardship Responsible Sourcing Sustainable Agriculture Social Value Creation • 89.10% reduction • 29.6% reduction in • 87% of our suppliers • 2.05 lakh farmers • The Nihar Shanti Pathshala (Scope 1+2) in GHG water withdrawal
Slide 28: Annexure 6: Awards and Recognitions
Annexure 6: Awards and Recognitions Awards Recognitions Achievements Achieving Zero Marico recognized as one of the Top 5 Sustainable Companies in Waste To Landfill FMCG sector by BW Businessworld (ZWL) and Zero IMSC Awards 2025-26 Liquid Discharge (ZLD) Marico has been recognized in S&P Our manufac
Slide 29: Annexure 6: Awards and Recognitions
Annexure 6: Awards and Recognitions Marico has been awarded the Marico featured in the Marico ranked 7th in the Most Marico has been recognised as the Company with Best Sustainability ‘LEADERSHIP’ category on the Desirable FMCG & FMCD ET Edge Best Organizations for Practices by the Asian Centre for
Slide 30: Thank You
MARICO LIMITED CIN - L15140MH1988PLC049208 7th Floor, Grande Palladium 175, CST Road, Kalina, Santa Cruz (East) Mumbai- 400 098 www.marico.com Websites: www.niharnaturals.com www.beardo.in www.parachuteadvansed.com www.justherbs.in www.saffola.in www.mylivonmysalon.com/ www.setwet.com www.true-eleme