What were the key drivers behind Marico's 31% year-on-year jump in consolidated net profit for the second quarter ended September 30?

Marico's 31% year-on-year jump in consolidated net profit to 5.50 billion rupees was driven primarily by softer year-on-year copra prices — a key raw material for its coconut oil products like Parachute — and steady consumption demand. The company noted that copra prices remained about 35% below their peak level during the quarter, leading to a significant reduction in material costs as a percentage of revenue, which fell to 51.9% from 57.9% in the year-ago period. This easing of raw material and packaging cost pressure directly supported higher profitability despite revenue growth of 13% to 38.97 billion rupees falling slightly short of analyst expectations.

How did copra price trends specifically impact Marico's financial performance in Q2 FY2024?

Copra price trends had a direct and substantial impact on Marico's Q2 FY2024 financial performance: with copra prices remaining approximately 35% below their peak level, the company experienced meaningful relief in input costs, contributing to a decline in material costs as a share of revenue from 57.9% in the prior-year quarter to 51.9% in the current quarter. As copra is a key raw material for coconut oil and related products — especially for the flagship Parachute brand — this cost moderation was a critical factor behind the 31% surge in consolidated net profit to 5.50 billion rupees, which exceeded analyst estimates of 5.30 billion rupees.

India's Marico beats quarterly profit view on lower copra costs, healthy demand

17 hours ago

Marico reported a 31% surge in quarterly net profit to 5.50 billion rupees, beating expectations. Lower copra prices, a key raw material for its coconut oil brands, reduced material costs to 51.9% of revenue.

reuters

2026-11-02

India's Marico beats quarterly profit view on lower copra costs, healthy demand

India's Marico beats quarterly profit view on lower copra costs, healthy demand

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