Marico Limited stands as one of India's premier consumer goods companies, specializing in global beauty and wellness categories. Incorporated in 1988 and headquartered in Mumbai, the company has evolved into a multinational corporation with an impressive global footprint. Marico operates across over 25 countries in emerging markets throughout Asia and Africa, establishing itself as a significant player in the international consumer goods landscape.
The company's strategic positioning in the beauty and wellness sector has enabled it to build a diverse portfolio of trusted brands. Marico nurtures leading brands across multiple categories including hair care, skin care, edible oils, healthy foods, male grooming, and fabric care. This diversification strategy has helped the company maintain resilience across different market segments and consumer preferences.
Marico operates seven manufacturing facilities across India, strategically located in Puducherry, Perundurai, Jalgaon, Guwahati, Baddi, and Sanand. This widespread manufacturing network ensures efficient distribution and cost-effective production across different regions. The company's operational structure includes subsidiaries such as MBL Industries Limited and Marico Middle East FZE, which support its international expansion and specialized business operations.
Marico's success stems from its comprehensive product portfolio that caters to diverse consumer needs. The company's domestic market presence spans across coconut oil brands like Parachute and Nihar Naturals, super-premium refined edible oils under Saffola, value-added hair oils including Parachute Advanced and Hair & Care, healthy foods like Saffola oats and Coco Soul, premium hair nourishment products such as Livon Serums, male grooming and styling brands including Set Wet and Beardo, and skin care products under Kaya Youth and Parachute Advanced.
Internationally, the company markets products under various brand names including Parachute, Parachute Advanced, HairCode, Fiancée, Purité de Provence, Ôliv, Lashe', Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Thuan Phat, and Isoplus. This extensive brand portfolio demonstrates Marico's ability to adapt to local market preferences while maintaining global consistency.
As of the latest available data, Marico maintains a market capitalization of ₹94,427 crore, reflecting an 18.4% increase over the past year. The company's financial strength is evidenced by its consistent performance across various metrics.
For the financial year ended March 2025, Marico reported a net profit of ₹1,629 crore, representing a 9.99% increase from the previous year's ₹1,481 crore, while sales rose 12.20% to ₹10,831 crore compared to ₹9,653 crore in the previous year. For the year ended 2024, the company posted a profit of ₹1,502 crore on total income of ₹11,094 crore.
The most recent quarterly performance shows strong momentum. For Q4 FY25, net profit rose 7.86% to ₹343 crore compared to ₹318 crore in the same quarter of the previous year, while sales increased 19.84% to ₹2,730 crore from ₹2,278 crore. The quarter witnessed underlying volume growth of 7% in the India business and constant currency growth of 16% in the international business.
- **Market Capitalization**: ₹89,818.80 crore as of June 23, 2025
- **P/E Ratio**: 55.14
- **P/B Ratio**: 21.54
- **52-Week High**: ₹740.20
- **52-Week Low**: ₹577.85
- **Dividend Yield**: 1.51%
Marico has set ambitious growth targets, aiming to double its turnover to ₹20,000 crore by FY30, with a focus on organic and inorganic growth strategies. The company is particularly focused on expanding its food portfolio by 25% and pursuing digital-first brands.
Management remains optimistic about achieving double-digit revenue growth by FY26, driven by volume growth and portfolio diversification, including digital and premium personal care products. The expansion of Project Setu to 11 states is expected to enhance distribution in both rural and urban areas in H2FY26.
Promoter holding in Marico stands at 59.05% as of March 2025, down from 59.28% as of June 2024. The company recently announced a final dividend of ₹7 per share for FY25, with total dividends for the year amounting to ₹10.5 per share.
Leading financial institutions maintain positive outlooks on Marico, with ICICI Securities setting a target price of ₹740 and JP Morgan maintaining an Overweight rating with a target price of ₹770. Recent Q1 FY26 updates indicate volume growth, steady demand, and a strong start to double-digit revenue growth, positioning the company well for continued expansion in the competitive consumer goods market.
