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Marico
Marico's digital brands have crossed the Rs 1,000 crore annual recurring revenue mark, and the FMCG major expects food & premium personal care to contribute 25 per cent of its India revenue, its Managing Director and Chief Executive Officer Saugata Gupta said. Marico's digital brands -- including Studio X, Pure Sense, Beardo, and True Elements -- have a diversified portfolio, ranging from premium personal care products to food, and are on a high growth momentum and likely to continue their faster pace, he added. "Our digital brands have crossed Rs 1,000 crore in ARR (annual recurring revenue), and we expect the diversified portfolio...including premium personal care, to contribute at least 25 per cent to our overall India business, over the next three years," Gupta told PTI. Beardo, its men's grooming brand, has almost turned profitable, delivering a double-digit EBITDA, and its D2C wellness brand Plix has achieved break-even, he said. "Our objective is to immediately take it to a
Homegrown FMCG major Marico Ltd on Friday reported a marginal decline in consolidated net profit to Rs 432 crore for the September quarter of this fiscal, as gross margin contracted, on account of high base and inflation in key commodities. It had posted a net profit of Rs 433 crore in the July-September quarter a year ago, according to a regulatory filing by Marico. However, Marico's consolidated revenue from operations rose 30.7 per cent to Rs 3,482 crore in the September quarter of FY'26. It was at Rs 2,664 crore in the corresponding period a year ago. "In Q2FY26, revenue from operations was at Rs 3,482 crore, up 31 per cent year-on-year, with underlying volume growth of 7 per cent in the India business and constant currency growth of 20 per cent in the international business. "Consolidated and India revenue growth stood at multi-quarter highs," Marico said in its earnings statement. Total expenses of Marico increased 35.87 per cent in the September quarter to Rs 2,981 ...
Marico's domestic business logged a volume growth of high single digit in the second quarter of the current fiscal, despite facing a transitory impact from the disruption created by the implementation of new GST slabs. However, Marico "expects modest operating profit growth on a year-on-year basis" as it extended discounts on the pipeline inventory to its channel partners during the two weeks leading up to the effective date of the GST rate changes and high commodity prices, the company said in its latest quarter updates. The government announced the Next-Generation (GST 2.0) reforms on September 4, lowering tax on most daily essentials, including food and personal care products, which took effect from September 22. The GST rationalisation has benefited 30 per cent of its India business, which will stimulate demand and help in long-term growth in the FMCG sector, said Marico. "In line with the intent of the government's measures, we have passed on the benefits of revised GST rates
The Income Tax Department on Wednesday conducted a survey operation at various business premises of the Marico group on charges of tax evasion, official sources said. The action is being undertaken by the Mumbai investigation wing of the department. The tax department teams are scrutinising financial documents and transactions of the company as part of a tax evasion probe, they said. The company could not be contacted immediately for a comment on the I-T action. Marico is one of India's leading consumer goods companies operating in the global beauty and wellness categories. As per a company statement, during the 2024-25 fiscal it recorded a turnover of USD 1.3 billion through its products sold in India and chosen markets in Asia and Africa. As part of a survey operation, the tax department makes a surprise visit at the business premises of the entity under investigation.