Marico targets 2x revenue to Rs 200 bn by FY30 on VAHO recovery and foods surge
Marico plans to double topline from Rs 108 bn (FY25) to Rs 200 bn by FY30, driven by Project SETU distribution reaching 1 million outlets and foods growing at 25%+ CAGR. Premium personal-care and digital-first brands (Beardo, Plix, Just Herbs, True Elements) scale ARR. Nuvama maintains BUY at Rs 815 target.
Marico targets doubling revenue to Rs 200 billion by FY30, driven by VAHO recovery via Project SETU distribution push and rapid foods/premium personal-care growth, with digital-first brands scaling ARR. Nuvama maintains BUY at Rs 815 target.
Why this matters
Reinforces Marico's FY30 doubling goal seen in prior signals on foods and digital push, following high single-digit India volume growth in Q2 FY26 despite GST 2.0 disruption.
Retail-company theme accelerating at +611500% QoQ.