Harsh Mariwala says that as the company’s strategic vision is anchored in delivering sustainable and profitable growth
After crossing the Rs 10,000 crore mark in revenues in the previous financial year (FY25), Marico, a fast-moving consumer goods (FMCG) major, is now looking to touch the Rs 20,000 crore mark by 2030, according to Chairman Harsh Mariwala.
As the company looks to the future, its strategic vision is anchored in delivering sustainable and profitable growth by staying attuned to evolving consumer needs and operating with agility in a dynamic environment, Mariwala said in Marico’s annual report.
“FY 2024-25 was another milestone year in our journey, as your company surpassed the Rs 10,000 crore mark in revenues. Even as we celebrate this significant accomplishment, we remain sharply focused on our next horizon—scaling towards Rs 20,000 crore in revenue by 2030 —guided by a clear roadmap rooted in innovation, purposeful brand building and operational excellence,” Mariwala noted.
During the year under review, the FMCG sector demonstrated steady demand, underpinned by a gradual recovery in rural sentiment and stable urban consumption. Rising commodity prices resulted in pricing growth across various categories, as per the annual report.
“Rural growth was aided by a favourable monsoon, higher minimum support prices (MSPs) and continued government expenditure, while urban consumption presented a more nuanced picture, with positive momentum in the upper-middle income and affluent segments, and heightened retail and food inflation during most of the year weighing on mass urban consumption,” noted Saugata Gupta, Managing Director (MD) and Chief Executive Officer (CEO), Marico.
Gupta emphasised that alternate channels such as modern trade and ecommerce continued to gain momentum, as general trade remained under pressure. In FY25, the company delivered strong double-digit revenue growth in the India business, meeting aspirations set at the beginning of the year. The core portfolios demonstrated resilience and competitiveness despite heightened input cost inflation, while new businesses sustained their robust growth momentum, he added.
