Guidance ledger · Q4 FY26

Marico Ltd MARICO

3 revisions on record · 0 lowered · 3 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised FY27 EBITDA growth guidance Q3 FY26 → Q4 FY26

~~mid-teen (Q3FY26 indication)~~ → high-teen EBITDA growth

“we would target to deliver about high teens EBITDA”

↑ raised Foods aspiration Q2 FY26 → Q3 FY26

~~double-digit growth in the immediate term~~ → 9x of FY20 levels next year and 15x by FY30

“We expect foods revenue to reach 9x of FY20 level s next year and 15x by FY30”

↑ raised FY26 H2 EBITDA growth posture Q1 FY26 → Q2 FY26

~~high single-digit growth in this year~~ → double digit EBITDA growth in the second half

“we aim to deliver double digit EBITDA growth in the second half”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.