While the core franchises fared well, the company leveraged the Saffola brand further to introduce Muesli, Masala Millets and Cuppa Oats during the year
Marico, a fast-moving consumer goods (FMCG) major, has stated that its food portfolio has crossed Rs 900 crore in the previous financial year (FY25), reaching 5x of the FY20 levels. The company noted that it aims to grow it at a compounded annual growth rate (CAGR) of over 25 per cent to 8x of FY20 by the end of the next fiscal year.
In its annual report, the company added that while the core franchises fared well, it leveraged the Saffola brand further to introduce Muesli, Masala Millets and Cuppa Oats during the year. True elements and the plant-based nutrition portfolio of Plix also maintained accelerated growth momentum.
“We remain confident of sustaining over 25 per cent growth over the medium term, which would take the business to approximately 8x its FY20 scale, as we continue to enhance profitability within the category. We have structurally expanded gross margins by around 1,000 basis points (bps) over FY24 and FY25, on a cumulative basis, and we expect gradual margin expansion as the business scales in the medium term,” stated Saugata Gupta, Managing Director and Chief Executive Officer (CEO), Marico.
The company said that in India, they have made steady progress, with foods and premium personal care (including digital-first brands) now contributing around 22 per cent of the India business in FY25, up from around 11 per cent in FY22. The company expects the contribution of these new businesses to rise to around 25 per cent by FY27.
Premium personal care also maintained strong momentum during the year, driven by the scale-up of the company’s digital-first brands. The digital-first portfolio exited FY25 with an annualised revenue run-rate of Rs 750 crore. The company now expects this figure to reach 2.5x of the FY24 exit run-rate by FY27, revising its earlier target of 2x upward, considering sustained traction.
The composite revenue share of foods and premium personal care in the India business stood at around 22 per cent in FY25, representing a combined ARR of around Rs 2,000 crore. The company highlighted that the international business sustained double-digit constant currency growth in FY25, driven by a broad-based performance. Bangladesh remained resilient with double-digit growth despite a tough environment.
