Marico Limited , a leading Indian consumer goods company, is poised for significant growth in its food business segment. Managing Director Saugata Gupta has announced that the company's food business, operating under the popular Saffola brand, is expected to outpace its edible oil vertical within the next three to four years.

Strong Growth in Food Business

The food business has shown remarkable progress, crossing the Rs 900.00 crore mark. This segment now contributes 11% to Marico's domestic business, demonstrating an impressive 33% growth. In comparison, the edible oils segment, while still significant, contributed 19% to the domestic business with low single-digit volume growth.

Diverse Food Portfolio

Marico's food business encompasses a range of brands and products, including:

• Saffola oats
• Saffola honey
• Saffola snacks
• True Elements
• Plix

Ambitious Growth Targets

The company has set ambitious targets for its food segment, aiming for a 25% growth rate. Marico plans to achieve this by expanding its product lines, with a particular focus on:

• Oats
• Masala oats
• Honey
• Muesli
• Saffola Crunchiez snacks

Overall Company Performance

Marico's performance has been strong across the board:

• Consolidated revenue exceeded Rs 10,000.00 crore
• Standalone revenue reached Rs 7,581.00 crore

Future Outlook

Looking ahead, Marico has set an ambitious goal to reach Rs 20,000.00 crore in revenue by 2030. To achieve this target, the company has outlined the following growth strategy:

1. Core business to deliver high single-digit growth
2. Diversified business to grow by over 20%
3. International business to achieve double-digit growth

This strategy translates to a compound annual growth rate (CAGR) of 13% over the next five years.

The shift in Marico's business dynamics, with the food segment poised to overtake the traditional edible oil vertical, signals a strategic pivot towards diversification and capitalizing on changing consumer preferences in the Indian market. As the company continues to innovate and expand its product portfolio, it will be interesting to see how this transformation impacts Marico's market position and financial performance in the coming years.

Marico Limited , a leading Indian consumer goods company, has announced the appointment of Bhaskar Bhat as an Additional Director in the capacity of Independent Director. The appointment, approved by the company's Board of Directors on August 13, 2025, is for a five-year term starting October 1, 2025, and ending September 30, 2030.

Board Approval and Shareholder Consent

The decision to appoint Bhat was based on the recommendation of Marico's Nomination and Remuneration Committee. However, the appointment is subject to shareholder approval, which will be sought through a postal ballot process. The company has stated that the details of this process will be communicated in due course.

Bhaskar Bhat's Impressive Corporate Background

Bhaskar Bhat brings over four decades of corporate experience to Marico's board. He is perhaps best known for his tenure at Titan Company Limited, where he served as Managing Director from April 2002 until his retirement in September 2019. Under Bhat's leadership, Titan significantly expanded its portfolio, venturing into eyewear, accessories, fragrances, and sarees. This strategic diversification contributed to Titan's market capitalization reaching an impressive $13.00 billion by 2019.

Educational Background and Current Roles

Bhat's educational credentials include a degree in Mechanical Engineering from IIT Madras and a Post Graduate Diploma in Business Management from IIM Ahmedabad. Both institutions have recognized his achievements by conferring upon him their Distinguished Alumnus Award.

Currently, Bhat holds several prestigious positions in the corporate world:

• Independent Chairman of Kansai Nerolac Paints Limited
• Independent Director at Metro Brands Limited
• Independent Director at Lucas TVS Limited
• Independent Director at Orange County Resorts & Hotels Limited

Additionally, he serves on the boards of PANIIT Alumni Reach for Gram Udyogi Foundation and IITM Pravartak Technologies Foundation, both not-for-profit Section 8 companies.

Marico's Governance Assurance

In its regulatory filing, Marico affirmed that Bhaskar Bhat is not related to any of the company's existing directors. The company also confirmed that Bhat is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority, underscoring its commitment to strong corporate governance practices.

As Marico prepares to welcome Bhaskar Bhat to its board, stakeholders will be watching closely to see how his extensive experience and strategic insights might contribute to the company's future growth and direction in the competitive consumer goods sector.