Marico Ltd.

NSE: MARICO · Fast Moving Consumer Goods

₹897.75+1.13%06 Nov 2026

Ask the data

Instant answers about Marico Ltd. — computed from its filings, no language model

Market cap₹1,16,708 cr

Current price₹897.75

High / Low₹898 / ₹711

P/E57.8

P/B24.65

Book value₹36.4

ROE42.6%

ROCE45.2%

Debt / equity0.22

Dividend yield0.85%

EPS (TTM)₹15.52

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	6,333	7,334	7,315	8,048	9,512	9,764	9,653	10,831	13,611
EBITDA	1,138	1,281	1,469	1,591	1,681	1,810	2,026	2,139	2,328
Operating margin	18.0%	17.5%	20.1%	19.8%	17.7%	18.5%	21.0%	19.7%	17.1%
Interest	16	24	50	34	39	56	73	53	53
Depreciation	89	96	140	139	139	155	158	178	202
Profit before tax	1,117	1,264	1,374	1,525	1,601	1,743	1,937	2,116	2,277
Tax	290	128	331	324	346	421	435	458	464
Net profit	814	1,118	1,043	1,172	1,225	1,302	1,481	1,629	1,762
EPS ₹	6.32	8.67	7.91	9.08	9.50	10.08	11.46	12.59	13.62
Operating cash flow	—	—	—	—	1,016	1,419	1,436	1,363	2,084
Capex	—	—	—	—	132	182	153	161	319
Dividend paid	—	—	—	—	1,217	607	1,229	500	989
Total assets	4,081	4,909	4,970	5,510	5,786	6,946	7,421	8,338	10,075
Equity	2,543	2,975	3,023	3,240	3,348	3,799	3,832	3,975	4,210

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,480	2,027	1,837	1,861	1,609	2,166	1,829	1,824	1,496	1,925	1,989	2,122	2,012	2,525	2,419	2,407	2,161	2,558	2,496	2,470	2,240	2,477	2,476	2,422	2,278	2,643	2,664	2,794	2,730	3,259	3,482	3,537	3,333	3,957	3,897
Operating profit	252	355	294	349	283	461	353	373	282	467	389	413	319	481	423	431	346	528	433	456	393	574	497	513	442	626	522	533	458	655	560	592	521	819	709
Operating margin	17.0%	17.5%	16.0%	18.8%	17.6%	21.3%	19.3%	20.4%	18.9%	24.3%	19.6%	19.5%	15.9%	19.0%	17.5%	17.9%	16.0%	20.6%	17.3%	18.5%	17.5%	23.2%	20.1%	21.2%	19.4%	23.7%	19.6%	19.1%	16.8%	20.1%	16.1%	16.7%	15.6%	20.7%	18.2%
Other income	23	24	29	22	28	28	35	29	32	19	27	24	29	27	25	22	24	17	19	40	68	46	38	43	15	37	82	42	47	56	49	39	60	48	53
Interest	5	5	6	5	8	12	13	12	13	9	8	7	10	8	10	10	11	10	15	14	17	17	20	19	17	17	11	13	12	10	12	14	17	21	24
Depreciation	23	22	22	23	29	35	35	32	38	34	33	36	36	33	33	36	37	36	37	39	43	36	39	42	41	41	41	44	52	45	47	50	60	56	64
Profit before tax	247	351	295	343	274	423	340	358	253	507	342	394	283	467	405	407	322	499	400	443	401	567	476	495	399	605	552	518	441	656	550	567	504	790	674
Tax	64	91	78	91	-132	108	88	82	53	117	69	82	56	102	89	90	65	122	93	110	96	131	116	109	79	131	119	112	96	143	118	107	96	138	116
Net profit	181	256	214	247	401	315	253	276	199	381	273	307	219	356	309	310	251	371	301	328	302	427	353	383	318	464	423	399	343	504	420	447	391	630	550
EPS ₹	1.40	1.98	1.66	1.92	3.11	2.39	1.92	2.11	1.51	2.95	2.05	2.38	1.70	2.76	2.39	2.40	1.95	2.88	2.32	2.53	2.34	3.30	2.73	2.97	2.46	3.60	3.26	3.08	2.65	3.90	3.24	3.45	3.04	4.86	4.24
Revenue YoY	—	—	—	—	8.7%	6.9%	-0.4%	-2.0%	-7.0%	-11.1%	8.7%	16.3%	34.5%	31.2%	21.6%	13.4%	7.4%	1.3%	3.2%	2.6%	3.7%	-3.2%	-0.8%	-1.9%	1.7%	6.7%	7.6%	15.4%	19.8%	23.3%	30.7%	26.6%	22.1%	21.4%	11.9%
Profit YoY	—	—	—	—	122.1%	23.2%	18.1%	11.6%	-50.4%	21.0%	7.9%	11.2%	10.1%	-6.6%	13.2%	1.0%	14.6%	4.2%	-2.6%	5.8%	20.3%	15.1%	17.3%	16.8%	5.3%	8.7%	19.8%	4.2%	7.9%	8.6%	-0.7%	12.0%	14.0%	25.0%	31.0%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Marico Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,920	2,031	2,359	2,973	3,407	3,682	4,681	4,947	4,869
Operating profit	253	321	322	410	522	560	662	842	957
Operating margin	13.2%	15.8%	13.6%	13.8%	15.3%	15.2%	14.1%	17.0%	19.6%
Other income	8	16	18	45	50	234	141	191	262
Interest	25	18	30	24	44	30	17	15	13
Depreciation	17	25	28	31	33	46	55	74	64
Profit before tax	171	293	375	399	542	717	731	944	1,142
Tax	29	58	59	63	113	140	186	242	299
Net profit	142	235	315	337	429	577	545	702	843

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	386	416	371	498	490	503	430	550	517	505	458	588	540	611	621	808	718	768	680	975	830	871	732	1,057	843	930	852	1,352	1,144	1,193	992	1,469	1,177	1,257	1,044	1,454	1,160	1,143	1,111	1,384	1,246	1,338
Operating profit	52	54	34	58	64	73	58	87	76	83	75	86	71	68	96	107	96	108	98	174	109	132	107	186	117	142	115	203	138	187	134	259	167	232	184	314	195	214	234	252	197	253
Operating margin	13.4%	13.0%	9.2%	11.7%	13.1%	14.6%	13.4%	15.8%	14.7%	16.3%	16.3%	14.6%	13.2%	11.2%	15.5%	13.3%	13.4%	14.1%	14.4%	17.8%	13.2%	15.1%	14.6%	17.6%	13.9%	15.2%	13.5%	15.0%	12.1%	15.6%	13.5%	17.7%	14.1%	18.5%	17.6%	21.6%	16.8%	18.7%	21.1%	18.2%	15.8%	18.9%
Other income	2	3	2	2	1	1	4	3	2	3	7	3	2	7	6	4	10	6	25	14	3	25	8	9	52	56	117	10	52	9	70	19	26	94	52	22	60	158	21	21	32	72
Interest	3	3	7	6	8	6	5	7	4	4	4	5	5	5	16	7	6	5	7	13	11	11	9	9	9	6	6	6	4	3	4	3	2	5	5	3	2	3	4	2	2	2
Depreciation	4	8	4	4	4	5	5	4	8	5	8	5	7	7	8	7	8	8	8	8	8	10	7	10	10	14	13	11	14	16	14	14	17	18	25	15	14	16	19	16	18	16
Profit before tax	47	46	27	50	53	64	4	79	67	76	71	79	62	63	171	98	93	101	108	167	93	137	145	176	149	178	214	196	173	176	186	261	174	303	206	318	239	352	232	256	210	306
Tax	9	6	2	11	8	12	-3	18	14	15	10	11	2	7	39	16	13	13	20	34	18	27	34	38	29	36	37	51	45	44	46	73	47	67	56	83	60	87	69	58	49	66
Net profit	38	40	26	39	45	52	7	61	52	61	60	68	60	56	132	82	80	87	88	133	75	110	111	138	120	142	177	144	128	132	141	188	126	237	150	235	179	265	163	198	160	240
EPS ₹	0.63	0.66	0.41	0.64	0.74	0.85	0.11	1.00	0.86	1.01	0.99	1.11	0.98	0.92	2.15	1.33	1.30	1.42	1.43	2.12	1.16	1.71	1.72	2.14	1.86	2.20	2.75	2.24	1.99	2.04	2.18	2.92	1.96	1.84	1.17	1.83	1.39	2.06	1.27	1.54	1.25	1.86
Revenue YoY	—	—	—	—	27.0%	20.9%	15.7%	10.3%	5.6%	0.6%	6.7%	6.9%	4.4%	20.8%	35.5%	37.4%	33.0%	25.7%	9.4%	20.7%	15.5%	13.4%	7.8%	8.5%	1.6%	6.9%	16.4%	27.9%	35.7%	28.2%	16.4%	8.6%	2.9%	5.4%	5.2%	-1.0%	-1.4%	-9.1%	6.4%	-4.9%	7.4%	17.0%
Profit YoY	—	—	—	—	18.4%	28.6%	-74.2%	58.1%	15.6%	18.5%	816.7%	10.4%	14.4%	-8.2%	118.2%	20.8%	33.9%	55.2%	-33.5%	63.4%	-6.2%	26.1%	26.1%	3.5%	60.4%	28.7%	60.1%	4.6%	6.6%	-7.0%	-20.6%	30.4%	-1.5%	79.6%	6.9%	24.7%	41.8%	12.0%	8.6%	-15.7%	-10.5%	-9.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	35.3%	37.6%	39.6%	40.9%	41.8%	34.5%	36.7%	37.3%	38.4%	36.4%	35.6%	36.8%	36.9%	36.6%	37.1%	32.9%	33.3%	34.3%	35.7%	33.4%	34.7%	38.6%	39.6%	34.1%	34.5%	41.0%	42.0%	41.1%	42.3%	41.9%	44.8%	42.6%
ROCE	44.1%	43.3%	45.9%	47.7%	48.4%	42.4%	44.8%	44.7%	45.7%	43.5%	42.3%	44.1%	44.6%	44.4%	45.3%	40.4%	41.3%	42.1%	43.8%	42.9%	44.1%	47.7%	48.6%	42.4%	42.7%	49.8%	50.8%	49.8%	50.9%	51.0%	54.2%	45.2%
Net margin	12.5%	15.2%	15.8%	16.3%	16.8%	14.3%	15.7%	15.6%	15.4%	14.7%	13.4%	13.1%	12.8%	12.9%	13.0%	12.8%	12.9%	13.3%	14.0%	14.6%	15.2%	15.3%	15.5%	15.9%	15.5%	15.0%	14.6%	13.6%	13.2%	12.9%	13.2%	13.7%
EBITDA margin	17.4%	17.5%	18.6%	19.4%	19.8%	20.1%	20.9%	20.9%	20.6%	19.7%	18.5%	18.0%	17.7%	17.7%	18.1%	18.1%	18.2%	18.5%	19.2%	19.9%	20.6%	21.0%	21.2%	21.0%	20.5%	19.7%	18.9%	18.0%	17.4%	17.1%	17.4%	17.9%
Debt / equity	0.12	—	—	—	—	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.13	0.13	0.08	0.08	0.10	0.10	0.07	0.07	0.10	0.10	0.10	0.10	0.08	0.08	0.22
Interest coverage	59.76	54.20	44.84	37.52	32.00	28.48	32.02	35.76	41.43	45.88	46.03	45.26	42.11	42.05	40.83	36.39	34.28	32.12	29.75	28.75	27.56	27.53	28.05	33.05	36.76	40.92	48.11	47.06	47.12	43.96	38.67	34.36
Asset turnover	1.77	1.49	1.52	1.52	1.51	1.47	1.42	1.46	1.52	1.46	1.57	1.65	1.70	1.64	1.65	1.37	1.38	1.41	1.39	1.18	1.18	1.30	1.32	1.23	1.28	1.30	1.37	1.41	1.50	1.35	1.42	1.19

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	64	64	129	129	129	129	129	129	129	129	129	129	129	129	129	130	130	130
Other equity / reserves	164	1,760	1,968	2,197	2,414	2,846	2,900	3,111	3,219	3,624	3,670	4,087	3,703	4,526	3,846	3,922	4,080	4,605
Total equity	229	1,825	2,097	2,326	2,543	2,975	3,023	3,240	3,348	3,753	3,799	4,216	3,832	4,655	3,975	4,052	4,210	4,735
Borrowings	526	334	153	239	309	—	335	348	345	393	475	344	383	339	379	392	355	1,046
Current liabilities	1,304	1,102	1,300	1,249	1,458	1,724	1,753	2,013	2,153	2,599	2,429	2,527	2,444	2,345	2,461	2,837	4,101	6,388
Non-current liabilities	—	190	22	45	68	198	181	239	228	534	561	1,032	808	823	1,611	1,636	1,480	930
Total assets	2,965	3,130	3,433	3,633	4,081	4,909	4,970	5,510	5,786	7,034	6,946	8,164	7,421	8,124	8,338	8,679	10,075	12,378
Property, plant & equipment	595	557	524	547	534	—	602	572	600	805	808	879	909	908	940	971	1,090	1,104
Capital work-in-progress	4	3	37	11	27	—	58	24	39	43	67	64	44	53	40	52	85	144
Investments	311	284	416	608	543	391	733	854	828	1,263	1,096	1,363	602	1,066	1,590	1,394	2,083	2,634
Inventories	796	995	926	1,253	1,511	—	1,380	1,126	1,412	1,432	1,225	1,299	1,336	1,371	1,235	1,598	1,611	2,297
Receivables	223	177	252	247	341	—	539	388	652	988	1,015	1,166	1,069	1,297	1,271	1,666	1,304	1,705
Cash & equivalents	406	205	310	43	51	—	93	109	276	157	207	262	228	216	321	419	404	336

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY15‡	FY16‡	FY18‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	665	833	555	1,214	2,007	1,016	1,419	1,436	1,363	2,084
Cash from investing	-179	-236	17	-39	-938	428	-929	176	-621	-722
Cash from financing	-625	-580	-567	-1,147	-1,058	-1,290	-560	-1,542	-649	-1,279
Capex	59	101	128	188	142	132	182	153	161	319
Free cash flow	606	732	427	1,026	1,865	884	1,237	1,283	1,202	1,765
Dividends paid	300	502	636	1,025	968	1,217	607	1,229	500	989

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,104 cr9%

CWIP

₹144 cr1%

Investments

₹2,634 cr21%

Inventories

₹2,297 cr19%

Receivables

₹1,705 cr14%

Cash & equivalents

₹336 cr3%

Other assets

₹4,158 cr34%

Peer comparison

largest in Fast Moving Consumer Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Unilever Ltd.	4,69,624	1,998.40	31.2	9.62	30.8%
ITC Ltd.	3,54,801	283.15	18.8	4.97	26.4%
Nestle India Ltd.	2,47,229	1,282.10	244.9	42.80	17.5%
Varun Beverages Ltd.	1,48,153	438.00	42.7	6.81	16.0%
Marico Ltd.	1,16,708	897.75	57.8	24.65	42.6%
Britannia Industries Ltd.	1,15,271	4,785.00	43.2	27.13	62.9%
Tata Consumer Products Ltd.	1,07,511	1,086.30	63.2	4.86	7.7%
United Spirits Ltd.	1,02,805	1,418.00	55.6	11.34	20.4%
Godrej Consumer Products Ltd.	87,083	851.00	41.2	6.90	16.8%
Dabur India Ltd.	67,474	380.35	33.3	5.87	17.6%

StoxGud checklist: Bullish setup · 8/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+14.0%

6 months+7.9%

1 year+24.4%

3Y CAGR+18.9%

5Y CAGR+9.8%

10Y CAGR+13.2%

50-day avg₹808.60

200-day avg₹804.14

RSI (14)82

Long-term financials (FY12–FY14)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY14	₹4,687 Cr	₹695 Cr	₹485 Cr
FY13	₹4,596 Cr	₹552 Cr	₹396 Cr
FY12	₹4,008 Cr	₹400 Cr	₹317 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Marico Ltd. with

Hindustan Unilever vs Marico ITC vs Marico Nestle India vs Marico Varun Beverages vs Marico Marico vs Britannia Industries Marico vs Tata Consumer Products Marico vs United Spirits

FAQs

What is the share price of Marico Ltd.?

Marico Ltd. (MARICO) closed at ₹897.75 on NSE on 06 Nov 2026.

What is the market cap of Marico Ltd.?

₹1,16,708 crore at the latest close.

What is the P/E ratio of Marico Ltd.?

57.8, on trailing-twelve-month earnings from its filings.

How fast is Marico Ltd. growing?

Marico Ltd.: revenue has compounded at 11.7% a year over three years; net profit at 10.6% a year. Latest-quarter revenue is up 11.9% year on year, profit up 31.0%.

How profitable is Marico Ltd.?

On a trailing-twelve-month basis return on equity is 42.6%, return on capital employed 45.2%, operating margin 17.9%, net margin 13.7%.

How much debt does Marico Ltd. have?

Marico Ltd. is lightly geared: debt to equity is 0.22 with borrowings of ₹1,046 cr against cash of ₹336 cr (balance sheet of 2026-09-30). Operating profit covers interest 34.4 times.

Financials parsed from Marico Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.