Marico logo

Marico share price

NSE: MARICOBSE: 531642Agricultural Food & other ProductsMid Cap

Marico Limited · Formerly Marico Industries · Face value ₹1 · Listed May 1996
Last close ₹802.90up ₹33.25 (4.32%)BSE ₹802.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹769.65.

29 Oct: open ₹769.00, high ₹804.75, low ₹764.70

52-week range of traded prices to 29 Oct 2026
₹705.80Low, 7 Nov 2025₹889.10High, 30 Jul 2026
Market cap
₹1,04,393 Cr110th largest listed
P/E
55.29
P/B
24.80
Dividend yield
0.50%
ROE
46.1%
ROCE
47.0%
Debt to equity
0.08
Volume, NSE
33,93,73661.7% delivered

Marico share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

+11.2%over a year · Nifty FMCG −22.5% · Nifty 500 −8.4%

Results20-session average 17,67,660 shares a day, 62.3% delivered

About Marico

Marico Limited makes and sells branded consumer products: coconut oil, edible oils, hair oils, hair conditioners, male grooming products and packaged foods.12 Its brands in India include Parachute, Saffola, Nihar Naturals, Livon and Set Wet, and it also sells in Bangladesh, Vietnam, the Middle East, Egypt and South Africa.345

It was incorporated in 1988 and is headquartered in Mumbai.62 Outside India its brands include Parachute Advansed, HairCode, Fiancée, Purité de Prôvence, Ôliv, Black Chic, X-Men and Thuan Phat.3 Its digital-first portfolio (brands built to sell mainly online) comprises Beardo, Just Herbs and the personal care range of Plix.7 Its products reach about 5.8 million retail outlets through more than 10,200 distributors and stockists, covering more than 60,000 villages and almost every Indian town with over 5,000 people.18 It took full ownership of HW Wellness Solutions, owner of the True Elements brand, in 2025.9

Marico's promoters and promoter group held 58.93% of the shares on 31 Mar 2026.10 Harsh Mariwala is chairman and Saugata Gupta is managing director and chief executive officer.11 Marico Bangladesh Limited, its one material subsidiary (a subsidiary large enough relative to the group for stock exchange rules to single it out), is 90% owned.1213

Marico key points

Results

  • In the year to Mar 2026, consolidated revenue from operations rose 26% to ₹13,611 crore, the highest growth in 14 years, the company says.14
  • Operating profit, which the company also reports as EBITDA (earnings before interest, tax, depreciation and amortisation), rose 9% to ₹2,328 crore; the operating margin fell about 265 basis points (hundredths of a percentage point) to 17.1%.1516
  • Recurring consolidated net profit after tax and minority interest (profit for Marico's shareholders, excluding one-off gains of the earlier year) rose 11% to ₹1,762 crore; reported profit, also ₹1,762 crore, rose 8%.17
  • In its exchange filing of 2 Jul 2026, the company said it expected consolidated revenue for the quarter to Jun 2026 to grow in the early twenties percent, with double-digit underlying volume growth (growth in quantity sold) in India.18

Market position

  • Parachute Coconut Oil's volume market share rose to about 57% in the year to Mar 2026, while reported volumes of Parachute Rigids (blue bottle packs) fell nearly 2%.19
  • Value-Added Hair Oils revenue grew 20% in the year to Mar 2026, and their value market share (share of sales in rupees) rose about 100 basis points to about 29%.20
  • Marico says it has the largest or second-largest market share in categories making up more than 95% of its India business.21

Business segments

  • India (76% of revenue). Revenue rose 28% to ₹10,348 crore in the year to Mar 2026, with underlying volume growth of 8%, the highest in 7 years; the operating margin was 17.1%, against 20.2% a year earlier.222324
  • International (24% of revenue). Revenue rose 20% to ₹3,263 crore in the year to Mar 2026, and 20% in constant currency (exchange-rate changes removed), a 14-year high; the operating margin was 25.9%, against 27.9% a year earlier.252627

Revenue mix

  • Foods and premium personal care, including digital-first brands, made up about 23% of India revenue in the year to Mar 2026. The foods business passed ₹1,000 crore of revenue.2829
  • The digital-first portfolio ended the year to Mar 2026 with an annualised revenue run-rate (yearly revenue at the current pace) of more than ₹1,100 crore.30
  • Quick commerce (delivery within minutes) made up about 5% of the India business, and digital channels including e-commerce and direct-to-consumer more than 20%.31

Where revenue comes from

  • Customers in Bangladesh brought in ₹1,474 crore of revenue in the year to Mar 2026, against ₹1,065 crore a year earlier. Bangladesh was about 45% of international revenue.3233
  • Constant currency growth by market343536
    Itemyear to Mar 2026
    Bangladesh25%
    Middle East and North Africa18%
    Vietnam12%
    South Africa7%
    New countries and exports39%

Plants and capacity

  • Marico has 6 manufacturing facilities in India (at Perundurai, Sanand, Puducherry and Jalgaon, and 2 at Guwahati) and 8 outside India.3738
  • Puducherry and Perundurai make coconut oils, Sanand makes hair oils, creams, gels, serums, shampoo and oats, and Jalgaon makes edible oils and instant noodles.39
  • Marico's capital spending was ₹319 crore in the year to Mar 2026, covering capacity expansion and upkeep of existing facilities.40

What the company expects

  • In its exchange filing of 5 Oct 2026, the company said it expects consolidated revenue for the quarter to Sep 2026 to grow in double digits and operating profit in the mid-twenties percent, and that it is likely to surpass its near-term guidance.41
  • The company said at its annual general meeting of 6 Aug 2026 that it aims for double-digit revenue growth and high-teen EBITDA growth in the year to Mar 2027, taking consolidated revenue past ₹15,000 crore.4243
  • The company said at the same meeting that it aims for ₹20,000 crore of revenue by the year to Mar 2030 under its Vision 2030 plan, with EBITDA growing at a mid-teens compound annual rate.4445
  • The company said at the same meeting that it expects foods and premium personal care to reach about 27% of India revenue in the year to Mar 2027 and about 33% by the year to Mar 2030.4647

Recent events

  • On 5 Oct 2026 Marico raised its stake in Satiya Nutraceuticals, owner of the Plix brand, from 60% to 84.09% for ₹1,012.03 crore; it said the remaining 14.09% is to be bought in July 2027, subject to the terms of the definitive agreements.4849
  • On 2 Apr 2026 a wholly owned Marico subsidiary bought 75% of Skinetiq Joint Stock Company in Vietnam, owner of the Candid skin care brand, for ₹262 crore.5051
  • On 5 Feb 2026 Marico bought 60% of Cosmix Wellness, owner of the digital-first plant-based nutrition brand Cosmix, for ₹226 crore.52
  • On 29 Jan 2026 Marico bought 93.27% of Zea Maize, owner of the 4700BC premium snacking brand, for ₹227 crore, and later raised its stake to 94.02%.53

Last updated

All 53 sources, each with its page
  1. 1. Annual report, 9 Jul 2026, page 144
  2. 2. Annual report, 9 Jul 2026, page 209
  3. 3. Annual report, 9 Jul 2026, page 209
  4. 4. Annual report, 9 Jul 2026, page 46
  5. 5. Annual report, 9 Jul 2026, page 57
  6. 6. Annual report, 9 Jul 2026, page 2
  7. 7. Annual report, 9 Jul 2026, page 134
  8. 8. Annual report, 9 Jul 2026, page 39
  9. 9. Annual report, 9 Jul 2026, page 168
  10. 10. Annual report, 9 Jul 2026, page 193
  11. 11. Annual report, 9 Jul 2026, page 194
  12. 12. Annual report, 9 Jul 2026, page 168
  13. 13. Earnings call, 6 Aug 2026, page 25
  14. 14. Annual report, 9 Jul 2026, page 133
  15. 15. Annual report, 9 Jul 2026, page 133
  16. 16. Annual report, 9 Jul 2026, page 39
  17. 17. Annual report, 9 Jul 2026, page 133
  18. 18. Exchange filing, 2 Jul 2026, page 2
  19. 19. Annual report, 9 Jul 2026, page 133
  20. 20. Annual report, 9 Jul 2026, page 133
  21. 21. Earnings call, 6 Aug 2026, page 21
  22. 22. Annual report, 9 Jul 2026, page 133
  23. 23. Annual report, 9 Jul 2026, page 168
  24. 24. Annual report, 9 Jul 2026, page 47
  25. 25. Annual report, 9 Jul 2026, page 134
  26. 26. Annual report, 9 Jul 2026, page 168
  27. 27. Annual report, 9 Jul 2026, page 133
  28. 28. Annual report, 9 Jul 2026, page 135
  29. 29. Earnings call, 6 Aug 2026, page 6
  30. 30. Earnings call, 6 Aug 2026, page 6
  31. 31. Annual report, 9 Jul 2026, page 134
  32. 32. Annual report, 9 Jul 2026, page 235
  33. 33. Annual report, 9 Jul 2026, page 135
  34. 34. Annual report, 9 Jul 2026, page 134
  35. 35. Annual report, 9 Jul 2026, page 134
  36. 36. Annual report, 9 Jul 2026, page 134
  37. 37. Annual report, 9 Jul 2026, page 39
  38. 38. Annual report, 9 Jul 2026, page 193
  39. 39. Annual report, 9 Jul 2026, page 163
  40. 40. Earnings call, 6 Aug 2026, page 24
  41. 41. Exchange filing, 5 Oct 2026, page 2
  42. 42. Earnings call, 6 Aug 2026, page 21
  43. 43. Earnings call, 6 Aug 2026, page 23
  44. 44. Earnings call, 6 Aug 2026, page 22
  45. 45. Annual report, 9 Jul 2026, page 135
  46. 46. Earnings call, 6 Aug 2026, page 23
  47. 47. Annual report, 9 Jul 2026, page 135
  48. 48. Exchange filing, 5 Oct 2026, page 1
  49. 49. Exchange filing, 5 Oct 2026, page 2
  50. 50. Annual report, 9 Jul 2026, page 244
  51. 51. Exchange filing, 2 Apr 2026, page 1
  52. 52. Annual report, 9 Jul 2026, page 244
  53. 53. Annual report, 9 Jul 2026, page 243

Results

Consolidated; ₹ crore.Marico quarterly results

Revenue growth, 12 months
+25.0%
Net profit growth, 12 months
+13.1%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,957 Crup 18.72%
Net profit
₹652 Crup 59.80%
Net margin
16.5%

Revenue by quarter

₹2,664 CrSep 24₹2,794 CrDec 24₹2,730 CrMar 25₹3,259 CrJun 25₹3,482 CrSep 25₹3,537 CrDec 25₹3,333 CrMar 26₹3,957 CrJun 26
Peak revenue ₹3,957 Cr, quarter to Jun 2026; lowest ₹2,664 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹433 CrSep 24₹406 CrDec 24₹345 CrMar 25₹513 CrJun 25₹432 CrSep 25₹460 CrDec 25₹408 CrMar 26₹652 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,6642,7942,7303,2593,4823,5373,3333,957
Net profit433406345513432460408652
Net margin16.3%14.5%12.6%15.7%12.4%13.0%12.2%16.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • India₹10,348 Crup 27.60%76.0%
  • International₹3,263 Crup 19.92%24.0%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Marico PE ratio and valuation

Price to earnings

At or below today's level on 74% of 2,479 trading days over the last 10 years.

LowestHighest
Its median52.07Industry median15.11
Price to book

At or below today's level on 94% of 1,980 trading days since Nov 2018.

LowestHighest
Its median17.59Industry median1.04
Dividend yield

At or below today's level on 4% of 2,458 trading days over the last 10 years.

LowestHighest
Its median1.35%Industry median0.61%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+13.5%+8.2%+4.4%0.5%
3 years+16.7%+10.6%+4.3%1.4%
5 years+13.7%+8.4%+3.6%1.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Marico shareholding pattern

Shareholding by group

  • Promoters58.83%
  • Foreign institutions22.26%
  • Indian institutions14.10%
  • Individuals and others4.52%
  • Employee trusts0.29%
Holder
Harsh C Mariwala with Rajen K Mariwala for Aquarius Family TrustPromoter11.07%
Harsh C Mariwala with Rajen K Mariwala for Valentine Family TrustPromoter11.07%
Harsh C Mariwala with Ravindra K Mariwala for Gemini Family TrustPromoter11.07%
Harsh C Mariwala with Ravindra K Mariwala for Taurus Family TrustPromoter11.07%
Rajvi H MariwalaPromoter2.18%
Harsh C MariwalaPromoter2.16%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 2.03% of their shares. Since Jun 2026: promoters −0.08 pts, foreign institutions −1.14 pts, Indian institutions +1.08 pts, mutual funds +0.76 pts.

Mutual fund holdings

280 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 138 of the 166 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 280 funds holding Marico

Bought for the first time
3
Bought again
5
Added
105
Cut
61
Held unchanged
104
Sold out
7
Fund
HDFC Mutual Fund logoHDFC Mid Cap FundHDFC Mutual Fund3,06,76,4072.37%₹2,411.2 Cr
Axis Mutual Fund logoAxis Midcap FundAxis Mutual Fund67,50,6081.58%₹530.6 Cr
Franklin Templeton Mutual Fund logoFranklin India Flexi Cap FundFranklin Templeton Mutual Fund48,00,9482.07%₹377.4 Cr
Edelweiss Mutual Fund logoEdelweiss Mid Cap FundEdelweiss Mutual Fund47,01,7241.92%₹369.6 Cr
Sundaram Mutual Fund logoSundaram Mid Cap FundSundaram Mutual Fund33,00,0001.87%₹259.4 Cr
Kotak Mahindra Mutual Fund logoKotak Arbitrage FundKotak Mahindra Mutual Fund32,97,6000.34%₹259.2 Cr
UTI Mutual Fund logoUTI Flexi Cap FundUTI Mutual Fund30,04,0001.05%₹236.1 Cr
Axis Mutual Fund logoAxis ELSS Tax Saver FundAxis Mutual Fund26,13,9790.68%₹205.5 Cr
Tata Mutual Fund logoTata Mid Cap FundTata Mutual Fund19,00,0002.55%₹149.3 Cr
HDFC Mutual Fund logoHDFC Arbitrage FundHDFC Mutual Fund18,30,0000.57%₹143.8 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Marico insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Marico competitors and peers

Edible Oil, 35 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Marico in market cap.FMCG companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Patanjali Foods logoPatanjali FoodsPATANJALI41,21820.923.15+19.8%+61.7%16.1%10.9%1.53%
AWL Agri Business logoAWL Agri BusinessAWL21,30718.521.96+18.0%+6.3%11.1%14.2%0.61%
Gokul Agro Resources logoGokul Agro ResourcesGOKULAGRO6,38913.713.77+14.8%+58.4%32.0%33.5%0.00%
CIAN Agro Industries & Infrastructure logoCIAN Agro Industries & InfrastructureCIANAGRO2,6798.311.24+58.3%+245.4%15.6%13.2%0.00%
Shri Venkatesh Refineries logoShri Venkatesh RefineriesSVRL1,63442.7712.43+96.3%+111.3%33.7%–0.14%
KN Agri Resources logoKN Agri ResourcesKNAGRI463–1.20––––0.00%
Gokul Refoils and Solvent logoGokul Refoils and SolventGOKUL35317.070.97+15.4%+27.6%5.8%3.8%0.00%
Halder Venture logoHalder VentureHALDER33910.591.90−6.6%+63.2%19.3%5.4%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Marico dividend history

Dividend per share, ₹, restated for later splits and bonuses

3.5Mar 174.3Mar 184.8Mar 196.8Mar 207.5Mar 219.3Mar 224.5Mar 239.5Mar 2411Mar 254Mar 26
Highest ₹10.50 a share, year to Mar 2025.
Ex-dateTypePer share
30 Jul 2026Final₹4.00
1 Aug 2025Final₹7.00
7 Feb 2025Interim₹3.50
6 Mar 2024Interim₹6.50
7 Nov 2023Interim₹3.00
8 Mar 2023Interim₹4.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Marico announcements

Marico share price by year

Each calendar year to 2025.Marico share price history

YearClose at year endChangeHighest closeLowest close
2025750.60+17.4%760.70587.75
2024639.50+16.6%709.00490.05
2023548.50+7.6%588.25468.15
2022509.85−0.5%549.45463.25
2021512.65+27.3%584.35385.60
2020402.65+17.9%414.95240.20
2019341.60−8.5%396.45329.55
2018373.40+15.8%394.20294.60
2017322.50+23.8%337.75253.80
2016260.45+15.2%300.85213.15
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026773.00776.50762.25769.65771.168,32,40964.6%
27 Oct 2026769.05776.15764.05776.15771.3517,68,61361.4%
26 Oct 2026762.60775.15758.00775.15765.9012,57,96064.5%
23 Oct 2026770.50774.65756.85766.50763.3017,71,16757.9%
22 Oct 2026767.20775.00757.35775.00764.1612,58,34857.9%
21 Oct 2026781.85785.00771.40775.65775.6217,73,01965.9%
19 Oct 2026790.00791.85776.10778.00780.9712,97,99866.7%
16 Oct 2026784.70789.95777.60785.00784.9215,90,70466.9%
15 Oct 2026786.25796.95782.35788.25789.6326,87,12667.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
22 Dec 2015Bonus0.5000Holders received 1 bonus share for every 1 held.
21 Feb 2007Split0.1000Each share became 10.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Harsh Charandas Mariwala
At the end of the quarter to Sep 2026
Managing director and CEO
Saugata Gupta
At the end of the quarter to Sep 2026
NSE symbol
MARICO
BSE code
531642
ISIN
INE196A01026
Industry
Agricultural Food & other Products
Former symbols
MARICOIND
CIN
L15140MH1988PLC049208
Corporate identity number, the registrar of companies' code for it
Incorporated
1988
Registered office
7th Floor, Grande Palladium, 175, CST Road, Kalina, Santacruz (East), Mumbai 400098, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments
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