Marico · tone and specificity signals across the available quarters.
Language signals
We have delivered this growth despite consciously rationing certain low margin volumes to protect brand profitability... The brand has successfully navigated multiple hyperinflationary cycles whether it's since 2014-15 or over an 18 to 24 month cycle in 17 and 19 where we had also taken around 35% price increases and still delivered 5.5% growth in 17-19 and a 6.5% growth in 14-15.
While the length and severity of this inflationary cycle poses short-term challenges, we have been able to hold on to our ground and deliver stable outcomes on the back of pricing and enduring equity of Parachute.
We draw a lot of confidence from 99% of the business gaining or sustaining market share in India which has happened after a while. We are consciously staying away from the trap of optimizing margins at the cost of long-term brand investments.
We have started the year on a very strong note with a consolidated revenue growth at 23% and EBITDA and PAT growth of 25% making our highest profit growth in the last 28 quarters.
Parachute bridges delivered 10% volume growth, its strongest performance in the last 20 quarters and gained over 400 basis points in volume share marking a new high.
The digital-first portfolio led by Beando and Plix continued to deliver strong growth alongside structural improvement and profitability with an ARR of over 1,100 crores. The business has scaled up profitably exemplifying our digital playbook of combining entrepreneurial brand building with disciplined capital allocation and operating leverage.
We are reducing the share of commodity linked businesses and progressively shifting our portfolio towards categories that are more profitable. As a result, our portfolio is being designed to compound more profitably with stronger unit economics, lower cyclicity, and better operating leverage over time.
We are building the next decade's growth engines digital first, premium and globally scalable in multiple markets without compromising our DNA of disciplined value creation.
We don't believe in spray and pray; we will get scale in categories win and then move to multiple categories.
We are not just participating in the digital consumer revolution; we are shaping it with strong brand equity, operational muscle and a proven playbook.
We have delivered double-digit profit growth despite facing unprecedented inflation in key inputs.
We expect to sustain high single-digit volume growth in the India business in FY27.
Our supply chain and backend advantages will act as a competitive advantage over smaller players and drive superior volume growth and market share gains.