MARICO (MARICO)
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Marico targets ₹20,000 crore revenue by 2029, a year early
Marico is aspiring to achieve ₹20,000 crore in annual revenue by 2029, a year ahead of its formal 2030 target, as the FMCG major bets on profitable digital-first businesses, premiumisation and international expansion. Managing Director and CEO Saugata Gupta, in an interview with businessline, discusses the company’s growth roadmap, acquisition strategy, commodity pressures and changing consumer preferences. Edited excerpts: Marico targets ₹20,000 crore by 2030.
Marico surges 8% after Q2 earnings beat
Shares of Marico Limited surged over 8 per cent on the National Stock Exchange on Tuesday morning, touching a high of ₹865 by mid-session, as investors reacted positively to the company’s second-quarter results declared on Monday, the last trading session of the week. At 11.34 AM, the stock was trading at ₹863.65, up ₹65.10 or 8.15 per cent, against a previous close of ₹798.55. The stock opened at ₹832.55 and has traded in a range of ₹826.05 to ₹865 through the session.
Marico Q2 profit rises 29% to Rs 558 crore, shares gain 6%
Marico's consolidated revenue from operations rose 12% year-on-year to Rs 3,897 crore, while EBITDA climbed 27% to Rs 709 crore, driven by strong volume growth in both the domestic and international markets. The company flagged rising input costs tied to geopolitical tensions in West Asia and adverse weather, with Managing Director Saugata Gupta noting potential inflation effects, particularly in rural areas. Jefferies said Marico stands out as a compounding machine while peers show patchy trends, and analysts see further room for the stock after its 6% jump.
Marico Q2 net profit rises 31% to Rs 550 crore
Revenue from operations rose 12% year-on-year to Rs 3,897 crore, while EBITDA climbed 27% to Rs 709 crore and the margin expanded 200 basis points to 18.2%. The growth was driven by easing copra prices, price reductions that supported Parachute coconut oil volumes, and traction in foods and premium personal care, with India business posting 10% underlying volume growth. Net profit rose from Rs 420 crore in the year-ago quarter, though one report put the figure at Rs 558 crore versus Rs 432 crore, and EBITDA margin narrowed sequentially to 23% from 28%.
Marico raises PLIX stake to 84% for ₹1,012 crore
Marico has increased its ownership in Plix's parent company to 84.09% through a ₹1,012 crore acquisition, solidifying its control over the plant-based nutrition brand. The company also expects double-digit revenue growth in Q2, signaling confidence in the acquisition's contribution.
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Marico to acquire 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore - CNBC TV18
Story first reported.