Marico's acquired brands generate ₹2,375 crore in FY26

Published 9 July 2026 · india

Fast-moving consumer goods (FMCG) major Marico Ltd has assembled a sizeable portfolio of premium and digital brands through acquisitions over the past few years. Detailed

Fast-moving consumer goods (FMCG) major Marico Ltd has assembled a sizeable portfolio of premium and digital brands through acquisitions over the past few years. Detailed subsidiary financials released with the Parachute-maker's annual report show the acquired businesses—Beardo, 4700BC, Cosmix, True Elements and Pli generated a combined ₹2,375 crore in FY26 revenue. Marico reported consolidated revenue of ₹13,611 crore for the year. Profitability, however, remained uneven across the portfolio. Nutrition emerged as the standout category among the acquired businesses. Plix, the plant-based nutrition brand operated by Satiya Nutraceuticals, almost doubled its revenue to ₹864 crore in FY26 from ₹433 crore a year earlier. The surge helped drive a more than fivefold increase in profit to ₹25.9 crore from ₹4.77 crore. Marico first announced its investment in Plix in 2023, acquiring a 58% stake for ₹369 crore. It now owns 60% of the company. Cosmix also posted strong growth ahead of its acquisition by Marico.

The functional nutrition brand reported revenue of ₹915.29 crore in FY26, compared with ₹472.52 crore in FY25, while profit doubled to ₹124 crore. Marico acquired a 60% stake in the company for ₹226 crore in February 2026. As Cosmix and 4700BC were acquired late in FY26, their performance is unlikely to have materially influenced Marico's FY26 consolidated financial results. Premium snacks brand 4700BC, operated by Zea Maize Pvt. Ltd., increased revenue 21% to ₹120 crore in FY26, but its loss widened 48% to ₹24 crore. Marico bought about 94% of the company for ₹227 crore in January 2026. HW Wellness Solutions Pvt. Ltd, which sells clean-label breakfast cereals, healthy snacks and millets under the True Elements brand, reported an 83% increase in loss to ₹43 crore in FY26, while revenue grew a modest 8%. Marico first invested in True Elements in 2022 and made it a wholly owned subsidiary in October 2025 after acquiring the remaining 46.02% stake for ₹138 crore.

Men's grooming brand Beardo remained profitable. Zed Lifestyle, which operates Beardo, reported revenue of ₹299 crore and a profit of ₹22 crore in FY26. Marico first invested in the brand in 2017. Marico had also acquired Ayurvedic beauty brand Just Herbs in 2021. The business, operated by Apcos Naturals, has since been merged into the parent company. From acquisitions to strategy The subsidiary performance reflects a broader shift in Marico's portfolio strategy. Marico reported revenue of ₹13,611 crore in FY26, up 26% from the previous year, while recurring consolidated net profit after tax and minority interest rose 11% year-on-year to ₹1,762 crore. Premium and digital brands contributed 37% of revenue in FY26, up from 27% in FY20. The company aims to raise that share to 50% by FY30. Marico is targeting more than ₹15,000 crore in revenue in FY27 and, under its "Vision 2030" strategy, aims to reach ₹20,000 crore in revenue by 2030.