Marico projects accelerated growth trajectory in Indian market from next quarter

INDIA – Marico, an Indian multinational fast-moving consumer goods company focused on health, beauty, and wellness products, has announced plans for double-digit growth in its domestic business starting next quarter, driven by core brands and the expansion of new ventures.

The company, known for brands like Saffola, Parachute, and Livon, reported a 9% rise in India volume growth in the June quarter and now aims to boost overall revenue by approximately 25% this fiscal year.

According to the Managing Director and CEO of Marico, Saugata Gupta, Marico aims to achieve this target through strategic pricing actions.

Additionally, Gupta emphasised that Marico has consistently improved volumes quarter-on-quarter and is optimistic about achieving double-digit growth in one or two upcoming quarters.

Gupta stated, “High single-digit volume growth is our base case, but we will attempt to deliver double-digit growth, which would be a great achievement.”

On the international front, Marico expects mid-teen growth in constant currency terms, reflecting confidence in its global strategy.

The broader FMCG sector is also poised for stronger volume growth this fiscal year, supported by a gradual recovery in urban demand and steady expansion in rural markets.

Rural demand has outpaced urban growth for five consecutive quarters, buoyed by factors such as increased Minimum Support Prices (MSP), favourable monsoon conditions, and government initiatives.

Meanwhile, urban demand is showing signs of improvement, aided by softening inflation, particularly in food, and income tax benefits that are expected to boost consumer spending.

Gupta noted that the process of volume-led growth began in Q1 of FY26 and is expected to accelerate in subsequent quarters.

Gupta added, “The gradual improvement is also going to be a function of wage increases in the long term. This year, we also expect the tax break (Income Tax benefits) to have a positive impact.” 

Having crossed the ₹10,000 crore (USD 1.14 billion) revenue milestone in FY25, Marico now aims to double its revenue and become a ₹20,000 crore (USD 2.28 billion) company by 2030, signalling a bold growth trajectory for the next five years.

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