FMCG Stocks Under Pressure Ahead of Q4FY26 Results: Marico, AWL Agri & Dabur Shares Slip After Business Update

India's Major FMCG stocks today are in focus as the Q4FY26 earnings season kicks off, with companies like Dabur India, Marico, and AWL Agri Business announcing their quarterly business updates. Despite good and stable demand trends and growth in most of the segments, some FMCG stocks today are trading under pressure.

At the time of writing, shares of Dabur India slipped to around Rs. 409.85, down nearly 1.77%, while AWL Agri Business shares fell to Rs. 180.46, and Marico stock declined close to 2% to Rs. 746.70 in early trade.

Dabur Q4FY26 Update

Dabur India recently announced its business update for the fourth quarter of the FY 26 financial year. The company expects mid-single digit revenue growth in Q4FY26, with operating profit likely to grow faster than the topline. The company in an exchange filing, mentioned a sequential recovery in domestic FMCG demand, with its India business expected to deliver high single-digit growth.

Segment-wise, the Home & Personal Care division is expected to grow in the mid-teens because of strong demand for hair oils, shampoos, and home care products. The Healthcare and Food & Beverages segments, however, are likely to post low-single digit growth, although showing sequential improvement.

The company's international business faced challenges, particularly in the Middle East, where geopolitical tensions disrupted demand and supply chains. Overall, Dabur expects low-single digit growth in international markets.

AWL Agri Business Q4 Update:

The consumer sector business from the Adani group, AWL Agri Business, previously known as Adani Wilmar also announced its Q4 update, where the firm reported strong double-digit growth in Q4FY26, due to stable consumer demand and improved distribution.

The edible oil segment led the growth with 17% volume growth and 21% value growth, contributing the majority to the business mix. The industry essentials segment also showed strong traction with 14% volume growth, while the food & FMCG segment recorded modest gains.

Overall, the company reported 13% volume growth and 18% value growth, highlighting resilience in core categories despite a challenging environment.

Marico Q4FY26 Update

FMCG major Marico reported a strong operational performance, with consolidated revenue growing in the low twenties year-on-year. The company's India business delivered high single-digit volume growth, supported by brands like Parachute and Saffola.

The value-added hair oils segment recorded robust growth in the twenties, while the foods segment posted high-teens growth, indicating strong momentum in premium and diversified categories.

However, similar to peers, Marico's international business faced pressure in the Gulf region due to geopolitical tensions.
Marico is well known for its brands like Parachute, Saffola, Nihar, Hair & Care, Set Wet, Beardo, Livon, Mediker, and Revive etc.

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