Marico Limited conducted an investor and analyst conference call on February 13, 2026, at 3:30 PM IST, presenting its comprehensive digital transformation strategy and acquisition portfolio. The company outlined its evolution from a legacy FMCG incumbent to a digital-first consumer company through strategic acquisitions and operational excellence.

Strategic Framework and Vision

Marico's transformation strategy rests on five strategic pillars designed to capture the digital opportunity across India and Vietnam. The framework emphasizes evidence-backed acquisitions in evolving demand spaces, operational discipline with healthy unit economics, synergy acceleration through distribution and backend integration, prudent capital allocation at attractive valuations, and a repeatable playbook with time-tested operating models.

Digital Foods Portfolio Expansion

The company's foods portfolio encompasses mainstream health and wellness through Saffola, accessible clean-label offerings via True Elements, premium gourmet snacking through 4700BC, and functional wellness products from Cosmix and Plix.

4700BC Gourmet Snacks Acquisition

4700BC represents Marico's entry into the premium gourmet snacking category with strong market positioning. The brand operates with an annual run rate of ₹140 crore and has sold over 6 crore units annually, achieving a 60% Net Promoter Score as the #2 player in the popcorn category.

The brand's revenue mix shows popcorn products contributing approximately 75% of revenue through ready-to-cook and ready-to-eat variants, while other snacks including nachos, crunchy corn, popped chips, and makhanas account for 25%. The company projects 3.5x growth by FY30 through category expansion and leveraging Marico's operational platform.

Cosmix Plant Protein Platform

Cosmix operates in the rapidly growing plant protein segment with an annual run rate of ₹100 crore and over 2 lakh active customers. The brand maintains high teen sustainable EBITDA margins while achieving #1 bestseller status on leading e-commerce and quick commerce marketplaces.

The product portfolio comprises 95% protein powders including no-nonsense plant protein variants with gut-friendly formulations, and 5% supplements covering gut health, hair health, and wellness formulations. Cosmix targets 3x growth by FY30 through category expansion and enhanced profitability.

Personal Care Portfolio Premiumization

Marico's personal care strategy focuses on thoughtful premiumization across men's grooming, beauty and wellness, and science-backed skincare through brands including Beardo, Plix, Candid, Kaya, and Just Herbs.

Candid Vietnam Success Story

Candid demonstrates Marico's international expansion capabilities with approximately ₹100 crore revenue in CY2025 and 25%+ sustainable EBITDA margins. The brand operates in the mid-premium segment with price points of $30-55 per SKU, with 90% revenue generated from top 3 SKUs.

The brand's channel mix shows e-commerce leading at 55%, followed by influencer partnerships at 32%, direct-to-consumer at 6%, and others at 7%. Candid targets 3x growth by FY30 through portfolio expansion and social commerce leadership.

Proven Success Formula

Marico showcased successful scale-up case studies through Beardo and Plix acquisitions. Beardo achieved approximately 5x scale-up velocity from FY21 to FY26E with EBITDA margin expansion of 1900 basis points. Similarly, Plix demonstrated 6x scale-up velocity from FY24 to FY26E with 1100 basis points EBITDA margin improvement.

FY30 Diversification Outlook

The company projects significant portfolio transformation by FY30 with digital-first personal and consumer care exit annual recurring revenue growing 5x from FY24 levels. Foods revenue is targeted to reach 15x growth from FY20 baseline, while the combined share of Foods and Personal & Consumer Care (including digital-first) in India revenues is projected to reach 33% by FY30 from 11% in FY20.

Marico Limited has announced a senior management change with the resignation of Mr. Akash Banerji, Executive Vice President & Head of Digital Transformation and Beauty & Styling Digital Business. The company informed stock exchanges about this development through a regulatory filing on February 12, 2026.

Resignation Details

Mr. Banerji submitted his resignation on February 6, 2026, expressing his intention to pursue entrepreneurial opportunities outside the organization. The resignation letter was addressed to Mr. Saugata Gupta, Managing Director & CEO of Marico Limited.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The intimation was sent to both BSE Limited (Scrip Code: 531642) and National Stock Exchange of India Limited (Scrip Symbol: MARICO).

Marico's Company Secretary & Compliance Officer, Vinay M A, signed the regulatory filing, ensuring compliance with SEBI Master Circular requirements. The disclosure has also been made available on the company's investor relations website.

Management Transition

The resignation represents a change in Marico's senior management personnel, specifically affecting the digital transformation and beauty & styling digital business divisions. Banerji's departure is scheduled for May 31, 2026, providing the company with a transition period of approximately three and a half months from the resignation date.

The company has provided all requisite details as per SEBI regulations, including the resignation letter and formal disclosure documentation to maintain transparency with stakeholders and regulatory authorities.