Marico share price jumps up to 8% as Parachute volumes hit 22-quarter high

Marico's share price rose as much as 7.9% on Tuesday, 3 November 2026, after the maker of Parachute coconut oil and Saffola edible oil reported strong results for the July to September quarter and raised its growth guidance for the full year. On the National Stock Exchange, the stock touched Rs 861.95 at about 10:22 am, up from the previous close of Rs 798.55 on 2 November. The company's consolidated revenue rose 13% from a year earlier to Rs 3,897 crore, and profit after tax rose 31% to Rs 550 crore.

Marico sells everyday products, so its numbers say something about how Indian households are spending. A 13% rise in Parachute volumes, meaning more units sold rather than just higher prices, is a sign of steady demand for a staple brand. Underlying volume growth in India was 10%.

The bigger reason for the share price jump was the profit picture. Operating profit grew 27% and gross margin, the share of sales left after the cost of raw materials, widened by around 600 basis points (6 percentage points). The company's decision to raise its full-year EBITDA growth guidance told investors that management expects this to continue.

Not everything was positive. Saffola edible oil volumes fell as the company dropped lower-margin products, and one report said revenue was slightly below what analysts had expected. Results-day share moves can also fade over following sessions. This report describes market moves and company figures; it is not investment advice.

Peepals calculation: Profit after tax of Rs 550 crore on revenue of Rs 3,897 crore is a net margin of about 14.1% (550 ÷ 3,897). The India business, at Rs 2,916 crore, made up about 75% of consolidated revenue (2,916 ÷ 3,897 = 74.8%), leaving roughly Rs 981 crore from the rest of the group (3,897 − 2,916). The intraday high was Rs 63.40 above the previous close (861.95 − 798.55). Our calculation from the reported figures.

Short-term: The results and guidance lifted Marico's share price sharply in morning trade on 3 November; how much of the gain holds will depend on trading in the following sessions.

Long-term: If Marico meets its raised guidance, it will have shown that it can grow profits faster than sales by improving margins, while also relying on volume growth in its core brands rather than only price increases.

Who is affected: Marico shareholders; consumers who buy Parachute and Saffola products; distributors and retailers of household goods; and coconut and edible oil suppliers whose prices affect Marico's costs.

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