Foods, premium personal care to contribute 25% revenue by FY27: Marico
FMCG major Marico, which is diversifying its portfolio, expects one-fourth of the domestic revenue to come from foods and premium personal care segments in the next two years by 2026-27, according to its annual report.
Besides, Marico expects a "gradual uptick" in the growth of its core categories, helped by improving macro-indicators and the forecast of a normal monsoon.
It expects "domestic revenue growth to outpace volume growth from Q1FY25, in light of the upward bias in prices of some of the key commodities".
Marico's consolidated revenue growth has moved into "positive territory in Q4 and is expected to trend upwards during the course of FY25", said the company which owns brands such as Sffola, Parachute, Hair & Care, Nihar and Livon etc.
For the financial year ended on March 31, 2024, Marico's consolidated turnover was at Rs 9,653 crore, down 1 per cent. Its domestic revenue was Rs 7,132 crore, 3 per cent lower than the last year.
As per the strategy, the Mariwala ...