Latest news with #Mariwala
Time of India
13-07-2025
- Business
- Time of India
Marico eyes Rs 20,000 cr FMCG firm by 2030, looks to double revenue in next 5 years
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: FMCG major Marico is aiming to become a ₹20,000-crore company by 2030, targeting a two-fold jump in revenue over the next five years, according to Chairman Harsh company, known for brands like Saffola , Parachute, and Livon, crossed the ₹10,000-crore revenue mark in FY25—a milestone Mariwala described as a testament to Marico's brand strength and innovation-led growth.'As we celebrate this achievement, we remain sharply focused on the next horizon—scaling to ₹20,000 crore by 2030—guided by innovation, purposeful brand building, and operational excellence,' he said in the company's annual which started with a strong presence in edible oils and hair care, has steadily expanded its portfolio to address the evolving needs of India's diverse consumer base. The company is now entering what it calls a new phase of transformation.'Our core objective is to build and scale consumer-centric portfolios aligned with emerging aspirations,' said Saugata Gupta, Managing Director and CEO. 'We're scaling up our profitable emerging businesses and investing strategically in new-age, digital-first brands that are increasingly contributing to both topline and bottom line..'The company's foods business, housed primarily under the Saffola brand, has grown nearly 5x since FY20, crossing the ₹900-crore mark in FY25. Marico expects to sustain over 25% growth in this segment in the medium term, taking it to nearly 8x of its FY20 has also achieved a structural gross margin expansion of nearly 1,000 basis points cumulatively over FY24 and FY25, with further margin improvements expected as scale its premium personal care segment—including brands like Beardo, Just Herbs, and the Plix personal care portfolio—continued to show strong momentum in FY25. The company's digital-first portfolio ended the year with an annualised revenue run-rate of ₹750 crore, and Marico expects this to grow to 2.5x of FY24's exit run-rate by the foods and premium personal care segments contributed 22% of Marico's India revenue in FY25, with a combined annualised revenue run-rate of approximately ₹2,000 crore. This share is expected to grow to 25% by FY27.'These newer businesses deliver higher gross margins compared to our core categories, offering significant potential for margin expansion as they scale,' said a strong push toward innovation, digital-first strategies, and premiumisation, Marico is positioning itself to become a globally admired digital FMCG company, while reinforcing its leadership in traditional categories.
Time of India
11-07-2025
- Business
- Time of India
Ex-Zerodha employee's handwritten mid-flight letter to Marico billionaire Harsh Mariwala leaves him speechless
Harsh Mariwala , Chairman of Marico Limited and founder of the ASCENT Foundation , recently experienced a poignant moment onboard a routine flight from Coimbatore to Mumbai. A young entrepreneur quietly handed him a handwritten letter that would leave the business veteran reflective and moved. The gesture came from Karnesh SV, a former Zerodha employee , now turned entrepreneur, who used the flight to convey his admiration in a humble but impactful way. A Letter That Spoke Volumes Instead of initiating a conversation, Karnesh chose a more thoughtful route — writing a brief yet heartfelt letter and passing it discreetly to Mariwala during the flight. In the note, Karnesh shared his gratitude for Mariwala's contributions to India's entrepreneurial ecosystem, especially through the ASCENT Foundation. He acknowledged how Mariwala's emphasis on values, culture, and support for first-generation entrepreneurs deeply influenced his own journey. Karnesh introduced himself as the founder of two ventures — The Solare, an eco-tourism project in Himachal Pradesh, and GIDIMA, a South Indian quick-service restaurant based in Ahmedabad. His note expressed how Mariwala's leadership approach had inspired the core values behind these businesses. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A failing liver is taking anshuman away! Please help him! Donate For Health Donate Now Undo — hcmariwala (@hcmariwala) Mariwala's Reflections On The Gesture Sharing the moment on both LinkedIn and X, Mariwala described the experience as humbling. He noted how such small acts of appreciation remind him of the wide-reaching impact of work done with purpose and intent. He said the letter served as a reminder that inspiration often travels beyond visible boundaries and finds unexpected expressions. Mariwala stated that the message reinforced his belief in the power of communities and peer learning — principles central to the ASCENT Foundation. He added that encouraging words, even as simple as a handwritten note, can become a source of great motivation for those striving to build something meaningful. About ASCENT Foundation Founded in 2012, ASCENT is Mariwala's not-for-profit initiative aimed at supporting growth-stage entrepreneurs. The foundation brings together over 950 entrepreneurs across India through self-facilitated peer learning groups known as Trust Groups. These groups create a platform for founders and business leaders to share experiences, learn from one another, and grow in a collective, value-driven environment. Mariwala's social media post received widespread attention from the entrepreneurial community, with many praising both Karnesh's thoughtful gesture and the chairman's gracious response. As Mariwala concluded in his post, he extended his best wishes to Karnesh and encouraged other entrepreneurs to continue learning, building, and believing in their journey.
Economic Times
12-06-2025
- Business
- Economic Times
I-Sec maintains Add on Marico, target price Rs 740: ICICI Securities
ICICI Securities maintains an Add call on Marico, setting a target price of Rs 740. The brokerage anticipates a revenue, EBITDA, and PAT CAGR of 11%, 14%, and 11% respectively, from FY25-27E. This growth is expected to be driven by market share gains, expansion in foods and premium personal care, and strong international performance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.) ICICI Securities has maintained the Add call on Marico with a target price of Rs 740. The current market price of Marico is Rs 704.3. Marico, incorporated in 1988, is a Large Cap company wiht a market cap of Rs 91049.83 crore, operating in the FMCG key products/revenue segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2777.00 crore, down -2.08 % from last quarter Total Income of Rs 2836 crore and up 21.11% from last year same quarter Total Income of Rs 2293 crore. The company has reported net profit after tax of Rs 345.00 crore in the latest company's top management includes Mariwala, Bali, Purohit, Vasudeva, Barve, Sankaranarayanan, Mariwala, Mariwala, Khattau, Gupta, Bharti Mittal. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 130 crore shares Securities expects Marico to deliver revenue / EBITDA / PAT CAGR of 11/14/11 (%) over FY25-27E. In their view, Marico could deliver double-digit revenue growth over medium term through consistent outperformance vs peers driven by 1) market share gains in core India portfolios, 2) accelerated growth in foods and premium personal care, and 3) double-digit constant currency growth in international business. The brokerage also expects operating margin to improve in medium term with moderation in RM inflation, leverage benefits and premiumisation of the portfolio. They maintain ADD with a DCF-based target price of Rs 740. At the target price, the stock will trade at 47x P/E multiple for Mar' downside risks are higher-than-expected inflation in copra prices, execution misses and risks associated with leadership changes. Upside risk includes Better-than-expected performance in D2C brands and faster-than-expected recovery in core held 59.05 per cent stake in the company as of 31-Mar-2025, while FIIs owned 22.09 per cent, DIIs 13.98 per cent.
Time of India
12-06-2025
- Business
- Time of India
I-Sec maintains Add on Marico, target price Rs 740: ICICI Securities
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has maintained the Add call on Marico with a target price of Rs 740. The current market price of Marico is Rs 704.3. Marico, incorporated in 1988, is a Large Cap company wiht a market cap of Rs 91049.83 crore, operating in the FMCG key products/revenue segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2777.00 crore, down -2.08 % from last quarter Total Income of Rs 2836 crore and up 21.11% from last year same quarter Total Income of Rs 2293 crore. The company has reported net profit after tax of Rs 345.00 crore in the latest company's top management includes Mariwala, Bali, Purohit, Vasudeva, Barve, Sankaranarayanan, Mariwala, Mariwala, Khattau, Gupta, Bharti Mittal. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 130 crore shares Securities expects Marico to deliver revenue / EBITDA / PAT CAGR of 11/14/11 (%) over FY25-27E. In their view, Marico could deliver double-digit revenue growth over medium term through consistent outperformance vs peers driven by 1) market share gains in core India portfolios, 2) accelerated growth in foods and premium personal care, and 3) double-digit constant currency growth in international business. The brokerage also expects operating margin to improve in medium term with moderation in RM inflation, leverage benefits and premiumisation of the portfolio. They maintain ADD with a DCF-based target price of Rs 740. At the target price, the stock will trade at 47x P/E multiple for Mar' downside risks are higher-than-expected inflation in copra prices, execution misses and risks associated with leadership changes. Upside risk includes Better-than-expected performance in D2C brands and faster-than-expected recovery in core held 59.05 per cent stake in the company as of 31-Mar-2025, while FIIs owned 22.09 per cent, DIIs 13.98 per cent.
News18
28-05-2025
- Business
- News18
‘Not Turkey Or Azerbaijan': Marico Chief Mariwala Tells Which Country Is Greater Threat To India
Last Updated: "China poses a constant threat to our country and therefore, must be viewed in the same, in fact, even stronger light than Turkey and Azerbaijan," says Harsh Mariwala Amid the India-Pakistan tension, Harsh Mariwala, chairman of Marico Limited, said that China poses a greater threat to India, compared to Turkey and Azerbaijan. 'The current situation between India and Pakistan has resulted in growing support for a boycott of goods and travel to Turkey and Azerbaijan. And rightly so," Mariwala said on X. Indian trade leaders and tourists have taken a stance against Turkey and Azerbaijan, taking note of their open support to Pakistan after India's Operation Sindoor on terror sites in Pakistan and Pakistan-occupied Kashmir (PoK) in the aftermath of April 22 Pahalgam terror attack. 'It is also important that we maintain consistency and apply long-term thinking. However, we cannot be selective. China's strong support of Pakistan is well documented, both economically as well as militarily, and will have far reaching consequences for India's security and sovereignty," he said on X. The current situation between India and Pakistan has resulted in growing support for a boycott of goods and travel to Turkey and Azerbaijan. And rightly so. It is also important that we maintain consistency and apply long-term we cannot be selective.… — Harsh Mariwala (@hcmariwala) May 27, 2025 'This then, raises an extremely vital question – ' Are we applying our boycotts equally across the board or being selective?" China poses a far greater and constant threat to our country and therefore, must be viewed in the same, in fact, even stronger light than Turkey and Azerbaijan," said Mairwala. Traders in India decided to boycott trade and tourism with Turkey and Azerbaijan in a meeting of the Confederation of All India Traders (CAIT) in New Delhi on May 16. While India's trade ties with the two countries have already come under scrutiny, multiple educational institutions, including Jawaharlal Nehru University (JNU), have either suspended their collaboration with universities in Turkiye or are considering it. With the development, visits of Indian tourists, hosting of destination weddings and shooting of Indian films are also likely to significantly drop in Turkiye and Azerbaijan in the coming days as the government may discourage people from going to the two countries. Additionally, the Federation of Western India Cine Employees (FWICE) and All Indian Cine Workers Association (AICWA) on Wednesday appealed to Indian artists and producers to boycott Turkiye as a shooting destination for its pro-Pakistan stance. According to estimates, about three lakh Indian tourists visited Turkiye in 2023 and over two lakh to Azerbaijan. India's exports to Turkiye stood at USD 5.2 billion during April-February 2024-25 as against USD 6.65 billion in 2023-24. In response to Turkey's anti-India statements, the Indian government decided to revoke security clearance for Celebi Ground Handling India Private Limited, a Turkish firm operating at nine major airports, amid national security concerns. Trade leaders also welcomed the Indian government's recent decision to revoke security clearance for Celebi Ground Handling India Private Limited, a Turkish firm operating at nine major airports, citing national security concerns.
