Marico reported a strong performance for the quarter ended 31 December 2025, with consolidated revenue from operations rising to Rs 3,537 crore from Rs 2,794 crore in the same quarter a year earlier. Q3 Net profit increased to Rs 460 crore, compared with Rs 406 crore in the corresponding period last year.
The diluted earnings per share for the December quarter came in at Rs 3.44.
Cost pressures and advertising push
As per the filing, Marico’s consolidated expenditure for the December quarter rose to Rs 3,009 crore from Rs 2,318 crore in the same quarter a year ago. The cost of materials consumed stood at Rs 1,525 crore, while employee benefits expense was Rs 241 crore. Advertising and sales promotion expenditure was Rs 336 crore for the quarter, underlining the company’s continued investment in its core and emerging brands.
Acquisitions and restructuring
In the third quarter, the company completed the acquisition of the remaining 0.04% stake in True Elements on 17 October 2025, making it a wholly owned subsidiary. Earlier, it had already acquired 99.96% of the company’s equity.
In addition, Marico undertook an intra-group restructuring, integrating the business undertaking of Just Herbs into Marico on a going-concern basis with effect from 1 October 2025, following the voluntary liquidation of the subsidiary. The company said this common-control transaction did not have a material impact on its consolidated financial results.
Labour code impact assessed as immaterial
The company said it had assessed the financial impact of India’s new labour codes, which came into effect on 21 November 2025, and found the incremental impact to be not material to its results. It added that it continues to monitor clarifications and supporting rules under the new framework.
Brands, markets and audit status
Marico, headquartered in Mumbai, operates across India and international markets including Bangladesh, the UAE, Egypt, South Africa, Malaysia, Sri Lanka, Vietnam and the US. Overseas consumer products contribute about 25% of the group’s total revenue. Its key brands include Parachute, Saffola, Hair & Care, Nihar Naturals, Mediker, Set Wet, Livon and Beardo.