Marico Limited (NSE:MARICO)

Marico Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	20,180	17,620	16,290	14,810	13,020	12,250
Depreciation & Amortization	2,190	1,910	1,720	1,540	1,520	1,360
Other Amortization	110	110	60	40	30	30
Loss (Gain) From Sale of Assets	-10	-20	-200	-150	-280	-
Loss (Gain) From Sale of Investments	-1,390	-1,530	-760	-730	-500	-290
Stock-Based Compensation	370	310	430	350	190	100
Provision & Write-off of Bad Debts	50	30	20	20	10	80
Other Operating Activities	-10	-120	-1,000	250	790	50
Change in Accounts Receivable	-80	-20	-2,050	-520	-3,600	-2,720
Change in Inventory	-6,520	-3,520	1,010	-1,010	1,910	-2,860
Change in Accounts Payable	3,040	2,820	-2,180	1,060	990	2,100
Change in Other Net Operating Assets	2,820	3,250	290	-1,790	110	60
Operating Cash Flow	20,750	20,840	13,630	13,870	14,190	10,160
Operating Cash Flow Growth	18.91%	52.90%	-1.73%	-2.25%	39.66%	-49.38%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-4,210	-3,190	-1,610	-1,530	-1,820	-1,320
Sale of Property, Plant & Equipment	170	70	390	180	250	30
Cash Acquisitions	-7,010	-4,520	-	-1,030	-2,770	-550
Investment in Securities	-11,230	180	-5,690	1,480	-3,890	3,370
Other Investing Activities	280	240	700	2,660	-420	2,720
Investing Cash Flow	-22,000	-7,220	-6,210	1,760	-8,650	4,250

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	-	-	-	1,280	-
Long-Term Debt Repaid	-	-880	-480	-1,430	-410	-670
Lease Payments	-530	-640	-430	-520	-410	-640
Net Debt Issued (Repaid)	6,010	-880	-480	-1,430	870	-670
Issuance of Common Stock	1,560	1,540	460	340	90	410
Common Dividends Paid	-5,190	-9,080	-4,530	-12,290	-5,820	-11,950
Other Financing Activities	-1,960	-4,370	-1,940	-2,040	-740	-690
Financing Cash Flow	420	-12,790	-6,490	-15,420	-5,600	-12,900

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	-	-	-	-	-630	20
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	140
Net Cash Flow	-830	830	930	210	-690	1,670

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	16,540	17,650	12,020	12,340	12,370	8,840
Free Cash Flow Growth	6.71%	46.84%	-2.59%	-0.24%	39.93%	-52.60%
Free Cash Flow Margin	11.18%	12.97%	11.10%	12.78%	12.67%	9.29%
Free Cash Flow Per Share	12.75	13.61	9.27	9.53	9.55	6.84
Levered Free Cash Flow	30,978	23,881	11,634	9,721	9,599	6,560
Unlevered Free Cash Flow	31,360	24,118	11,853	10,021	9,799	6,679
Free Cash Flow After Leases	16,010	17,010	11,590	11,820	11,960	8,200

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	740	530	650	650	530	390
Cash Income Tax Paid	5,960	5,650	4,840	3,780	3,690	3,510
Change in Working Capital	-740	2,530	-2,930	-2,260	-590	-3,420

Data Source: S&P Global Market Intelligence Last updated: Nov 2, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 8, 2026

Data Sources Report a data error