Marico appoints Ankit Porwal as CEO of Beauty and Styling Digital Business
This appointment reinforces Marico’s push in India’s competitive beauty and personal care market amid rising digital commerce trends.
INDIA – Marico Limited has appointed Ankit Porwal as CEO of its Beauty & Styling Digital Business to drive expansion in digital-first beauty offerings.
The announcement positions Porwal to lead the next growth phase for Marico’s Beauty & Styling portfolio.
He will focus on scaling digital capabilities, enhancing consumer engagement, and advancing Marico’s “Marico 3.0” strategy for digitally led businesses.
This move follows the resignation of Akash Banerji, former EVP and Head of Digital Transformation and Beauty & Styling, effective May 31, 2026.
Porwal brings over 13 years of experience from L’Oréal, where he most recently served as Regional Director and General Manager for E-Commerce & Marketing Transformation in the SAPMENA region (South Asia Pacific, Middle East, and North Africa).
His expertise spans beauty, e-commerce, innovation, and digital transformation, including leadership of L’Oréal’s Consumer Products Division in the Malaysia-Singapore cluster.
Prior roles equipped him to oversee digital growth, marketing modernization, and omnichannel strategies across multiple divisions.
Marico’s digital portfolio, built through ₹1,665 crore(USD 201 million) in investments since 2017 for seven emerging brands, reached an annualized revenue of ₹750 crore(USD 90 million) by FY25 end and targets ₹1,000 crore(USD 120 million) in FY26.
The company aims to generate ₹2,500 crore(USD 301 million) in digital revenues within two years, with double-digit EBITDA margins by FY27, underscoring Porwal’s role in driving data-led growth and online visibility.
Marco Q3 FY26 financial highlight
Marico Limited recently released its Q3 FY26 results with consolidated net profit surging 12.03% year-on-year (YoY) to ₹447 crore (USD 49.28M) from ₹399 crore (USD 44M).
This performance was driven by strong revenue growth and volume gains across domestic and international segments.
Revenue from operations jumped 26.6% YoY to ₹3,537 crore (USD 389.99M), up from ₹2,794 crore (USD 308.07M), while total revenue reached ₹3,576 crore (USD 394.29M).
EBITDA rose 11% to ₹592 crore (USD 65.27M), though margins dipped 234 basis points to 16.7% due to lagged copra price impacts and a ₹6 crore (USD 661,514) one-time hit from new Labour Codes on gratuity liabilities.
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