Marico targets 2x revenue to Rs 200 billion by FY30 on foods, digital brands
Marico aims to double revenue from Rs 108 billion in FY25, banking on 25% foods CAGR and digital-first brands Beardo and Plix hitting Rs 10 billion combined ARR by FY26. Strategy includes VAHO revival via Project SETU and Parachute price-hike recovery. Nuvama maintains BUY with Rs 815 target.
Marico targets doubling revenue to Rs 200 billion by FY30, driven by foods portfolio growth and digital-first brands. Strategy includes VAHO revival via Project SETU, Parachute price-hike recovery, and premium personal care expansion. Nuvama maintains BUY.