Marico Sets ₹20,000 Cr Target by 2030 After Doubling Revenue in Five Years

Marico Ltd., the maker of brands like Parachute, Saffola has crossed ₹10,000 crore in annual revenue in FY 2024–25, a major milestone for one of India’s leading FMCG companies. Chairman Harsh Mariwala called it a testament to the company’s strong brand portfolio and continued innovation.

With this milestone achieved, Marico now aims to double its revenue by 2030, targeting ₹20,000 crore in annual sales. Managing Director and CEO Saugata Gupta said the company is focusing on consumer-centric portfolios, premium products, and digital-first brands to drive the next wave of growth.

One of the fastest-growing segments is Saffola’s Foods business, which has expanded nearly fivefold since FY20 and crossed ₹900 crore in FY25. Marico expects this to grow more than 8× its FY20 scale in the next few years, maintaining over 25% medium-term growth.

Marico’s premium personal care portfolio - including Beardo, Just Herbs, and Plix—also saw strong momentum. These digital-first brands together clocked a ₹750 crore annualized run-rate in FY25, with a target to grow 2.5× by FY27.

Together, Marico’s Foods and Premium Personal Care businesses now make up 22% of India revenue, with plans to increase this share to 25% by FY27, thanks to their higher margins and strong consumer traction.

In FY25, the company also achieved around 1,000 basis points of gross margin improvement across its core and new businesses. As newer verticals scale and mature, margins are expected to improve further.

This signals a clear strategic shift for Marico from a legacy player in hair oils and edible oils to a diversified, digital-first consumer powerhouse. By expanding into high-growth, premium categories while staying operationally lean, Marico is laying the foundation to become a ₹20,000 crore FMCG leader by 2030.