Board Meeting Details

The Board of Directors meeting was held on August 4, 2026, commencing at 11:15 AM and scheduled to continue until 5:00 PM. The meeting approved the unaudited standalone and consolidated financial results.

Consolidated Financial Results (Q1 FY27)

Revenue & Profitability:

  • Revenue from operations: ₹3,957 crore (23% increase from ₹3,221 crore in Q1 FY26)
  • Other income: ₹48 crore
  • Total income: ₹4,005 crore
  • Total expenses: ₹3,215 crore
  • Profit before tax: ₹790 crore
  • Tax expense: ₹138 crore (Current tax: ₹200 crore, Deferred tax credit: ₹62 crore)
  • Net profit for the period: ₹652 crore (27% increase from ₹513 crore in Q1 FY26)
  • Other comprehensive income: ₹13 crore
  • Total comprehensive income: ₹665 crore

Earnings Attribution:

  • Net profit attributable to owners: ₹630 crore
  • Net profit attributable to non-controlling interests: ₹22 crore

Capital Structure & Per Share Data:

  • Paid-up equity share capital: ₹130 crore (Face value Re. 1 per share)
  • Basic EPS: ₹4.86 (increased from ₹3.90 in Q1 FY26)
  • Diluted EPS: ₹4.85 (increased from ₹3.89 in Q1 FY26)

Standalone Financial Results (Q1 FY27)

Revenue & Profitability:

  • Revenue from operations: ₹2,794 crore
  • Other income: ₹53 crore
  • Total income: ₹2,847 crore
  • Total expenses: ₹2,298 crore
  • Profit before tax: ₹549 crore
  • Tax expense: ₹89 crore (Current tax: ₹152 crore, Deferred tax credit: ₹63 crore)
  • Net profit for the period: ₹460 crore
  • Other comprehensive income: ₹4 crore
  • Total comprehensive income: ₹464 crore

Capital Structure & Per Share Data:

  • Paid-up equity share capital: ₹130 crore (Face value Re. 1 per share)
  • Basic EPS: ₹3.55
  • Diluted EPS: ₹3.54

Business Restructuring and Acquisitions

Just Herbs Integration:

  • Completed intra-group restructuring involving integration of Just Herbs business
  • Business undertaking vested in Marico Limited effective October 1, 2025
  • Accounted as common control transaction under Ind AS 103
  • No impact on consolidated financial results

Beardo Integration:

  • Completed intra-group restructuring involving integration of Zed Lifestyle Private Limited (Beardo)
  • Business undertaking vested in Marico Limited effective June 29, 2026
  • Accounted as common control transaction under Ind AS 103
  • No impact on consolidated financial results

Skinetiq Acquisition:

  • Acquired 75% stake in Skinetiq Joint Stock Company (Vietnam) effective April 2, 2026
  • Fair value of assets and liabilities determined in accordance with Ind AS 103
  • Obligation to acquire remaining equity stake contingent on business milestones
  • Contingent consideration accounted at present value with corresponding debit to other equity
  • Results include impact from acquisition date (April 2, 2026)

Accounting Policy Change

  • Reclassified certain customer-related advertisement and promotional expenses
  • Amounts previously in Advertisement and Sales Promotion expenses now netted against Revenue from Operations
  • Applied retrospectively through reclassification of comparative figures
  • No impact on profit before tax, profit after tax, EPS, or shareholders' equity

Comparative Period Restatements:

Consolidated:

  • Q1 FY26 Revenue: ₹3,221 crore (previously ₹3,259 crore)
  • Q1 FY26 Advertisement expense: ₹261 crore (previously ₹299 crore)
  • FY26 Revenue: ₹13,478 crore (previously ₹13,611 crore)
  • FY26 Advertisement expense: ₹1,167 crore (previously ₹1,300 crore)

Standalone:

  • Comparative figures restated for both Just Herbs and Beardo integrations

Auditor Review

  • Financial results subjected to limited review by statutory auditors B S R & Co. LLP
  • Review conducted in accordance with SRE 2410 issued by ICAI
  • Limited review scope substantially less than audit
  • No audit opinion expressed

Consolidated Review Scope:

  • 3 subsidiaries reviewed by other auditors: total revenue ₹918 crore, net profit ₹162 crore
  • 16 subsidiaries not reviewed: total revenue ₹464 crore, net profit ₹30 crore (considered immaterial)

Standalone Review Scope:

  • Includes financial information of Employee Welfare Trust
  • Corresponding amounts for Beardo based on audited financial statements with unmodified opinion dated May 1, 2026

Segment Reporting

  • Business organized into two segments: India and International
  • Segmental results disclosed in consolidated financial results

Additional Information

  • Results available on company website and stock exchange websites
  • Company recorded FY2025-26 turnover of ₹136.1 billion (USD 1.5 billion)
  • Overseas portfolio contributes approximately 24% of Group revenue