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.

Marico , a leading Indian consumer goods company, has unveiled its ambitious growth strategy, signaling a strong push for expansion in the coming months. The company has set its sights on achieving double-digit growth in the next two quarters, coupled with an impressive 25% revenue growth target for the year.

Double-Digit Growth in Sight

Marico's management has expressed confidence in the company's ability to deliver substantial growth in the near term. The focus on double-digit growth for the next two quarters suggests a robust outlook for the company's product portfolio and market positioning.

Annual Revenue Target: 25% Growth

In addition to its quarterly objectives, Marico has outlined a bold annual revenue growth target of 25%. This aggressive goal underscores the company's commitment to expanding its market share and capitalizing on potential opportunities in the consumer goods sector.

Strategic Implications

The announcement of these growth targets indicates several key points about Marico's current position and future strategy:

1. Market Confidence: By publicly stating these ambitious targets, Marico is demonstrating confidence in its products, brand strength, and market demand.

2. Operational Efficiency: To achieve such significant growth, the company likely has plans to enhance its operational efficiency and possibly expand its production capacity.

3. Potential Market Expansion: The growth targets might involve plans for entering new markets or launching new product lines to drive revenue.

4. Consumer Demand: Marico's optimistic outlook suggests an anticipated increase in consumer spending or a shift in market share in their favor.

Investor Implications

For investors and market watchers, Marico's growth targets provide important insights:

• The company's stock may see increased attention from investors looking for high-growth opportunities.
• Analysts will likely closely monitor Marico's performance in the coming quarters to assess its progress towards these ambitious goals.
• The targets set a benchmark against which the company's future performance will be measured.

As Marico embarks on this growth-focused journey, stakeholders will be keenly watching how the company executes its strategies to achieve these ambitious targets in the competitive consumer goods market.