Marico Limited

BSE: 531642 NSE: MARICO
Marico Limited - fmcg in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L15140MH1988PLC049208 Incorporated 13 October 1988 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: MARICO · BSE: 531642 Public Limited Company FMCG Fortune India 500 · #211 Nifty 500
Data last updated
Market Cap
₹1,03,828 Cr
MARICO · NSE
Share Price
₹878.40
+10.00% today
Revenue
₹15,622 Cr
FY 2025-26 · +24.5% YoY
EBITDA
₹2,328 Cr
Margin 14.9%
Net Profit
₹1,752 Cr
FY 2025-26 · +9.2% YoY
P/E (TTM)
55.1x
P/B 24.7x
ROE
44.3%
ROCE 40.5%
Debt / Equity
0.14
Interest cover 2.5x

About Marico Limited

Data last updated:

Marico Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the hair care products segment of the FMCG sector. It was incorporated on 13 October 1988 and has been in existence for over 38 years.

Marico is ranked #211 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Harsh Mariwala and family are #38 among India's richest people (2026). Its director Rajan Bharti Mittal and family are #42 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L15140MH1988PLC049208. Its GSTIN is 27AAACM7493G1Z7 (Maharashtra). The company holds 43 GST registrations, of which 32 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 531642 and NSE: MARICO.

The company has an authorised share capital of ₹295 Cr and a paid-up capital of ₹130.02 Cr. It was formerly known as Marico Foods Limited. It is led by directors including Saugata Gupta (Managing Director) and Rishabh Harsh Mariwala.

Its last annual general meeting (AGM) was held on 06 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Marico Limited 7th Floor Grande Palladium 175 Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹15,622 Cr, a growth of 24.5% compared to the previous year. For the same year it recorded a net profit of ₹1,752.09 Cr (net margin 11.2%) and EBITDA of ₹2,328 Cr (EBITDA margin 14.9%). The net worth stands at ₹4,210 Cr (up 5.9% YoY). Total assets are valued at ₹6,030 Cr (down 0.5% YoY).

The company has about 1,832 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.

The company is associated with 7 brands, including Saffola Life, Parachute Advansed, Saffola, Beardo, Set Wet and others. As per MCA filings, the company has open charges of ₹2.3 Cr and satisfied charges of ₹765.79 Cr on record. Court records list 591 cases involving the company, including 466 filed by the company and 125 filed against it; 128 cases are pending. The company has 54 deals on record (48 market trades, 3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹331.38 Cr; the latest was in July 2023. Its 7 peer companies in the FMCG industry (Edible Oils, Hair Care), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 3 smaller; the largest is Mother Dairy Fruit and Vegetable Private Limited with revenue of ₹17,387 Cr. The company has 62 MSME Form 1 returns on record between 2014 and 2024, listing 6,459 overdue payments to 489 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marico.com.

Company details

CIN L15140MH1988PLC049208
Registration Number 049208
Incorporation Date 13 October 1988
ROC Mumbai
Listing Status Listed - Listed on NSE (MARICO); Listed on BSE (531642)
Company Status Active
Date of Last AGM 06 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Marico has one previous CIN (Corporate Identification Number): U15140MH1988PLC049208. The current CIN is L15140MH1988PLC049208, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L15140MH1988PLC049208Current
U15140MH1988PLC049208Previous
Key People
Saugata Gupta Managing Director Rishabh Harsh Mariwala Director Ananth Sankaranarayanan Director

Recognitions & Rankings of Marico

Fortune India 500 2025 edition
Rank#211
Total income
₹12,897 Cr
Profit
₹1,629 Cr
Last year #217
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#87
Valuation
₹78,620 Cr
2023 #62 2022 #59 2021 #61
Stock market indices
Nifty 500 BSE 500

Contact details

Marico Limited's registered office is in Mumbai, Maharashtra. Its website is marico.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    marico.com
  • Social Media
  • Registered Address
    Marico Limited 7th Floor Grande Palladium 175 Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098
  • Industry
    FMCG, Hair Care Products

To see the full contact details of Marico Limited, buy the company report.

Comprehensive company report
Marico Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Marico operates multiple associated brands including Saffola Life, Parachute Advansed, and Saffola. Each brand links to its own profile.

BrandDescriptionWebsite
Saffola Life
Produces and distributes processed foods, including oil, oats, and salt.saffolalife.com
Parachute Advansed
Sells natural ingredient-enriched hair oils to address common hair problems.parachuteadvansed.com
Saffola
Edible oils, honey, and oats production for health-focused products.saffola.in
Beardo
Men's grooming products are offered online by Beardo.beardo.in
Set Wet
Men's grooming products including hair gels and fragrances are offered.setwet.com
Marico
Health, beauty, and wellness consumer brands are manufactured.marico.com
Just Herbs
Ayurvedic skin care products are manufactured and marketed.justherbs.in

Business activity

The main business activity of Marico is manufacturing. In detail, this covers food, beverages and tobacco products and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Marico Limited, buy the company report.

Financials of Marico Limited

FY 2025-26 filings available

Marico Limited reported revenue of ₹15,622 Cr (up 24.5% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹15,622 Cr
+24.5% YoY
EBITDA
₹2,328 Cr
+8.8% YoY
Profit After Tax
₹1,752 Cr
+9.2% YoY
Net Worth
₹4,210 Cr
+5.9% YoY
Total Assets
₹6,030 Cr
-0.5% YoY
Total Debt
₹557 Cr
+0.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue15,62212,54511,17511,02410,5498,8498,057
Revenue growth+24.5%+12.3%+1.4%+4.5%+19.2%+9.8%-
EBITDA2,3282,1392,0261,8101,6811,5891,440
EBITDA margin+14.9%+17.1%+18.1%+16.4%+15.9%+18.0%+17.9%
Profit before tax2,2772,1161,9371,7431,6011,5231,374
Net profit1,7521,6041,4691,2811,2251,1621,043
Net profit margin+11.2%+12.8%+13.2%+11.6%+11.6%+13.1%+12.9%
EPS (₹)13.5512.6311.4810.099.509.097.91
Balance sheet
Total assets6,0306,0595,1224,8543,9123,7943,539
Net worth4,2103,9753,8323,7993,3483,2403,023
Total debt557554528608479511338
Cash & bank493777943756579944279
Net working capital2411,6771,7241,3281,0991,0761,096
Cash flow
Cash from operations2,0841,3631,3871,4191,0162,0071,214
Cash from investing(722)(621)176(928)441(933)(22.00)
Cash from financing(1,279)(649)(1,542)(560)(1,290)(1,058)(1,147)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,8973,9573,3013,5373,4503,2212,7302,794
Revenue growth (YoY)+13.0%+22.9%+20.9%+26.6%+29.5%+21.9%--
Other income53.0048.0060.0039.0049.0056.0047.0042.00
EBITDA709819521592560655458533
EBITDA margin+18.2%+20.7%+15.8%+16.7%+16.2%+20.3%+16.8%+19.1%
Depreciation64.0056.0060.0050.0047.0045.0052.0044.00
Interest24.0021.0017.0014.0012.0010.0012.0013.00
Profit before tax674790504567550656441518
Tax11613896.0010711814396.00112
Net profit558652408460432513345406
EPS (₹)4.244.853.033.443.243.892.653.07
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,4027,6808,2728,4678,3056,3375,853
Revenue growth+22.4%-7.2%-2.3%+2.0%+31.1%+8.3%-
EBITDA1,4411,4251,4061,3091,1831,0941,101
EBITDA margin+15.3%+18.6%+17.0%+15.5%+14.2%+17.3%+18.8%
Profit before tax2,2591,8651,4021,4921,4131,3111,261
Net profit1,9391,4951,0661,1791,1631,1551,022
Net profit margin+20.6%+19.5%+12.9%+13.9%+14.0%+18.2%+17.5%
EPS (₹)14.9311.788.369.149.028.577.81
Balance sheet
Total assets6,0074,9683,8383,8563,2623,3183,115
Net worth5,8084,6763,5973,6773,0493,0352,888
Total debt180275230166199269110
Cash & bank11312836.0014929571180.00
Net working capital8921,2721,2041,0669291,017999
Cash flow
Cash from operations1,6091,1031,0441,0026561,564970
Cash from investing(534)(631)167(346)626(583)128
Cash from financing(1,004)(460)(1,194)(676)(1,267)(992)(1,081)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,7942,2722,4612,4392,3491,8701,9881,860
Revenue growth (YoY)+18.9%+21.5%+23.8%+31.1%+24.6%---
Other income53.00166177171473149122302
Total expenses2,2511,9782,0892,0921,9021,5581,6301,515
EBITDA543294372347447312358345
EBITDA margin+19.4%+12.9%+15.1%+14.2%+19.0%+16.7%+18.0%+18.5%
Depreciation37.0045.0034.0033.0031.0038.0030.0028.00
Interest10.008.007.007.006.005.006.007.00
Profit before tax549407508478883418444612
Tax89.0063.0067.0083.0011093.0075.0083.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,8973,9573,3013,5373,4503,2212,7302,794
Revenue growth (YoY)+13.0%+22.9%+20.9%+26.6%+29.5%+21.9%--
Other income53.0048.0060.0039.0049.0056.0047.0042.00
EBITDA709819521592560655458533
EBITDA margin+18.2%+20.7%+15.8%+16.7%+16.2%+20.3%+16.8%+19.1%
Depreciation64.0056.0060.0050.0047.0045.0052.0044.00
Interest24.0021.0017.0014.0012.0010.0012.0013.00
Profit before tax674790504567550656441518
Tax11613896.0010711814396.00112
Net profit558652408460432513345406
EPS (₹)4.244.853.033.443.243.892.653.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue15,62212,54511,17511,02410,5498,8498,057
Revenue growth+24.5%+12.3%+1.4%+4.5%+19.2%+9.8%-
Other income20420814214498.00107124
Total expenses13,29410,4069,1499,2148,8687,2606,617
Employee cost916831743653586570478
EBITDA2,3282,1392,0261,8101,6811,5891,440
EBITDA margin+14.9%+17.1%+18.1%+16.4%+15.9%+18.0%+17.9%
Depreciation202178158155139139140
Interest53.0053.0073.0056.0039.0034.0050.00
Profit before tax2,2772,1161,9371,7431,6011,5231,374
Tax464458435421346324331
Net profit1,7521,6041,4691,2811,2251,1621,043
Net profit margin+11.2%+12.8%+13.2%+11.6%+11.6%+13.1%+12.9%
EPS (₹)13.5512.6311.4810.099.509.097.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital130129129129129129129
Reserves & surplus4,0803,8453,7033,6703,2193,1512,921
Shareholders' funds (net worth)4,2103,9753,8323,7993,3483,2403,023
Minority interest28429133715757.0018.0013.00
Secured loans0.000.000.000.000.000.000.00
Unsecured loans557554528608479511338
Total debt557554528608479511338
Total liabilities6,0306,0595,1224,8543,9123,7943,539
Assets
Gross block4,5603,5363,5843,0152,5232,2041,940
Net block3,6332,7582,7242,2461,7601,6121,396
Capital work in progress85.0040.0044.0067.0039.0024.0058.00
Investments2,0831,5906021,096828854733
Inventories1,6111,2351,3361,2251,4121,1261,380
Sundry debtors1,3041,2711,0691,015652388539
Cash & bank balances493777943756579944279
Loans & advances504419396246221250323
Total current assets3,9123,7023,7443,2422,8642,7082,521
Total current liabilities3,6712,0252,0201,9141,7651,6321,425
Net working capital2411,6771,7241,3281,0991,0761,096
Total assets6,0306,0595,1224,8543,9123,7943,539
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash32122820727610993.0048.00
Net cash from operating activities2,0841,3631,3871,4191,0162,0071,214
Net cash from investing activities(722)(621)176(928)441(933)(22.00)
Net cash from financing activities(1,279)(649)(1,542)(560)(1,290)(1,058)(1,147)
Net change in cash83.0093.0021.00(69.00)16716.0045.00
Closing cash493777943756579944279
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+24.5%+12.3%+1.4%+4.5%+19.2%+9.8%-
EBITDA growth+8.8%+5.6%+11.9%+7.7%+5.8%+10.4%-
PBT growth+7.6%+9.2%+11.1%+8.9%+5.1%+10.8%+9.3%
Net income growth+9.2%+9.2%+14.7%+4.6%+5.4%+11.4%-
Revenue CAGR (3Y)+12.3%+6.0%+8.1%+11.0%+9.9%+8.9%+10.8%
EBITDA CAGR (3Y)+8.8%+8.4%+8.4%+7.9%+8.3%+11.8%+7.5%
Profitability & leverage
Net income margin+11.6%+13.2%+13.4%+12.0%+11.9%+13.6%+13.0%
Return on capital employed+40.5%+41.1%+42.4%+42.1%+43.0%+42.7%+40.6%
Return on net worth+44.3%+42.5%+39.4%+37.0%+38.1%+38.3%+34.8%
Debt / equity0.140.140.150.150.150.140.12
Long-term debt / equity0.030.030.030.030.030.020.00
Interest cover2.492.703.913.382.532.343.85
Efficiency & per share
Fixed asset turnover3.863.523.393.984.464.274.39
Inventory turnover10.989.768.738.368.317.065.77
Debtors turnover12.1310.7210.7213.2320.2919.0915.26
EPS (₹)13.5512.6311.4810.099.509.097.91
Dividend per share (₹)4.0010.509.504.509.257.506.75
Book value per share (₹)32.3830.8129.7129.4525.9525.4323.64
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,7942,2722,4612,4392,3491,8701,9881,860
Revenue growth (YoY)+18.9%+21.5%+23.8%+31.1%+24.6%---
Other income53.00166177171473149122302
Total expenses2,2511,9782,0892,0921,9021,5581,6301,515
EBITDA543294372347447312358345
EBITDA margin+19.4%+12.9%+15.1%+14.2%+19.0%+16.7%+18.0%+18.5%
Depreciation37.0045.0034.0033.0031.0038.0030.0028.00
Interest10.008.007.007.006.005.006.007.00
Profit before tax549407508478883418444612
Tax89.0063.0067.0083.0011093.0075.0083.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,4027,6808,2728,4678,3056,3375,853
Revenue growth+22.4%-7.2%-2.3%+2.0%+31.1%+8.3%-
Other income987589135328357346306
Total expenses7,9616,2556,8667,1587,1225,2434,752
Employee cost579517463409372374308
EBITDA1,4411,4251,4061,3091,1831,0941,101
EBITDA margin+15.3%+18.6%+17.0%+15.5%+14.2%+17.3%+18.8%
Depreciation14212510710997.00107113
Interest27.0024.0032.0036.0030.0022.0033.00
Profit before tax2,2591,8651,4021,4921,4131,3111,261
Tax318346324313250205254
Net profit1,9391,4951,0661,1791,1631,1551,022
Net profit margin+20.6%+19.5%+12.9%+13.9%+14.0%+18.2%+17.5%
EPS (₹)14.9311.788.369.149.028.577.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital130129129129129129129
Reserves & surplus5,6784,5473,4683,5482,9202,9462,786
Shareholders' funds (net worth)5,8084,6763,5973,6773,0493,0352,888
Secured loans0.000.000.000.000.000.000.00
Unsecured loans180275230166199269110
Total debt180275230166199269110
Total liabilities6,0074,9683,8383,8563,2623,3183,115
Assets
Gross block1,5831,4141,3531,2611,2391,1091,118
Net block946868736704667669701
Capital work in progress78.0033.0038.0032.0027.0014.0055.00
Investments3,7162,5431,6171,8251,3721,3431,093
Inventories1,0378189368951,0938731,165
Sundry debtors790962870838555310465
Cash & bank balances11312836.0014929571180.00
Loans & advances564356489417220287310
Total current assets2,5042,2642,3312,2992,1632,1812,020
Total current liabilities1,6129921,1271,2331,2341,1641,021
Net working capital8921,2721,2041,0669291,017999
Total assets6,0074,9683,8383,8563,2623,3183,115
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash41.0029.0011.0031.0016.0027.0010.00
Net cash from operating activities1,6091,1031,0441,0026561,564970
Net cash from investing activities(534)(631)167(346)626(583)128
Net cash from financing activities(1,004)(460)(1,194)(676)(1,267)(992)(1,081)
Net change in cash71.0012.0017.00(20.00)15.00(11.00)17.00
Closing cash11312836.0014929571180.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+22.4%-7.2%-2.3%+2.0%+31.1%+8.3%-
EBITDA growth+1.1%+1.4%+7.4%+10.7%+8.1%-0.6%-
PBT growth+21.1%+33.0%-6.0%+5.6%+7.8%+4.0%+6.6%
Net income growth+29.7%+40.2%-9.5%+1.4%+0.7%+13.0%-
Revenue CAGR (3Y)+3.6%-2.6%+9.3%+13.1%+11.6%+7.0%+6.5%
EBITDA CAGR (3Y)+3.3%+6.4%+8.7%+5.9%+5.4%+10.5%+4.8%
Profitability & leverage
Net income margin+20.6%+19.8%+13.0%+13.9%+14.0%+17.5%+17.2%
Return on capital employed+41.7%+42.9%+37.3%+42.9%+43.9%+41.4%+37.8%
Return on net worth+37.0%+36.7%+29.6%+35.1%+38.2%+37.4%+31.6%
Debt / equity0.040.060.050.050.080.060.04
Long-term debt / equity0.020.020.020.020.030.020.00
Interest cover2.081.852.463.002.762.233.34
Efficiency & per share
Fixed asset turnover6.275.556.336.777.075.695.61
Inventory turnover10.148.769.048.528.456.224.88
Debtors turnover10.738.389.6912.1619.2016.3513.08
EPS (₹)14.9311.788.369.149.028.577.81
Dividend per share (₹)4.0010.509.504.509.257.506.75
Book value per share (₹)44.6836.2527.8828.5023.6423.8422.60

To see the full year-wise statements and ratios of Marico Limited, buy the company report.

Board of directors of Marico Limited

Marico has 12 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Saugata Gupta
Also directs: Marico Innovation Foundation, Ashok Leyland Limited, The Advertising Standards Council of India and 1 more
Managing Director01 Apr 201412 Years 7 MonthsCurrent
Rishabh Harsh Mariwala
Also directs: Kaya Limited, Harsh Mariwala Enterprises LLP, Sharrp Ventures Capital Private Limited and 4 more
Director02 May 20179 Years 6 MonthsCurrent
Ananth Sankaranarayanan
Also directs: Bergwelt Capital LLP, Birlasoft Limited, Mensa Brand Technologies Private Limited and 5 more
Director26 Jun 20179 Years 4 MonthsCurrent
Rajeev Vasudeva
Also directs: Pidilite Industries Limited, National Stock Exchange of India Ltd.
Director01 Nov 20215 Years 0 MonthsCurrent
Apurva Purohit
Also directs: Navin Fluorine International Limited, Leela Palaces Hotels & Resorts Limited, LTM Limited and 4 more
Director07 Apr 20224 Years 6 MonthsCurrent
Harsh Charandas Mariwala
Also directs: Kaya Limited, Eternis Fine Chemicals Limited, Harsh Mariwala Enterprises LLP and 5 more
Director13 Oct 198838 Years 0 MonthsCurrent
Showing 6 of 12 current directors. View all directors

Peer comparison

Marico Limited is compared with the 7 companies closest to it by revenue in the FMCG industry (Edible Oils, Hair Care), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Mother Dairy Fruit and Vegetable Private Limited₹17,387 Cr (FY 2025)16.0%Delhi, India
Emami Agrotech Limited₹17,042 Cr (FY 2025)19.0%Kolkata, West Bengal, India
Cargill India Private Limited₹16,285 Cr (FY 2025)8.0%New Delhi, Delhi, India
Marico Limitedthis company₹15,622 Cr (FY 2026)₹1,752.09 Cr11.2%24.5%1,832Mumbai, Maharashtra, India
Gemini Edibles & Fats India Limited₹11,249 Cr (FY 2025)18.0%Hyderabad, Telangana, India
Frigorifico Allana Private Limited₹6,949.78 Cr (FY 2025)26.0%Mumbai, Maharashtra, India
Adm Agro Industries India Private Limited₹6,259.35 Cr (FY 2025)36.0%Palghar, Maharashtra, India
Kaleesuwari Refinery Private Limited₹5,861.99 Cr (FY 2025)24.0%Chennai, Tamil Nadu, India

To see the full peer comparison of Marico Limited, buy the company report.

Auditor

Marico Limited is audited by B S R & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B S R & Co. LLPFY 2023101248W/W-100022

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 58.90%, foreign institutional investors hold 23.40%, domestic institutional investors hold 13.00% and retail and other public shareholders hold 4.70%.

Promoters: 58.90%DII (Domestic Institutional): 13.00%FII (Foreign Institutional): 23.40%Retail & Others: 4.70%
Sep 2026
QUARTER
58.90% Promoters
13.00% DII (Domestic Institutional)
23.40% FII (Foreign Institutional)
4.70% Retail & Others
Promoter holding - history
Now 58.90% · Sep 2026High 58.90% · Dec 2025Low 58.90% · Dec 2025
57%57.8%58.5%59.3%60%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 58.90%Mar 2026: 58.90%Jun 2026: 58.90%Sep 2026: 58.90%58.90%58.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters58.90%58.90%58.90%58.90%
Public41.10%41.10%41.10%41.10%

Charges & borrowings

Open charges
₹2.3 Cr
Satisfied charges
₹765.79 Cr
Breakdown by lending institutions
Axis Bank Limited₹2.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 May 2026101302241Axis Bank Limited₹2.3 CrOpen
30 Jun 201110294992Hsbc Bank (Mauritius) Limited₹246.7 CrSatisfied
06 Aug 200910172797Axis Trustee Services Limited₹30 CrSatisfied
17 Sep 200810124519State Bank of India₹100 CrSatisfied
23 Nov 200710075251Standard Chartered Bank₹60 CrSatisfied

To see the full charge records of Marico Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Marico Limited has 54 deals on record (48 market trades, 3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹331.38 Cr; the latest was in July 2023.

Total deals
54
Market trades
48
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹331.38 Cr

Deals on record (5 of 54)

WhenDealAmountParties
Jul 2023Market trade₹22.97 CrBuyer: The Rbos Plc As Dep Of First St Gem Sus Fda Sf Of Fist Inicvc, The Rbos Plc As Dep Of First St Gem Le Fda Sfd Of Fist Inicvc
Seller: The Rbos Plc As Dep Of First St Ge Mt Fda Sfd Of Fist In Icvc, Fs Inv Icvc - Si Global Emerging Markets Leaders Sustainability Fund
Nov 2022Market trade₹76.38 CrBuyer: an individual
Seller: an individual
Jul 2007Secondary share transferUndisclosedSeller: Kotak Mahindra Prime Limited
Jan 2007Secondary share transferUndisclosedSeller: Kotak Mahindra Prime Limited
Dec 2006Funding round₹151.38 CrInvestors: Fidelity International, Citigroup Global Markets Mauritius Private Limited, Nippon Life India Trustee Limited

To see the full deal history of Marico Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Marico Limited was last rated by Crisil on 06 Aug 2020.

Rating agencyRated onRating
Crisil06 Aug 2020

To see the full credit ratings and regulatory alerts of Marico Limited, buy the company report.

MSME payment delays

Marico Limited has 62 MSME Form 1 returns on record between 2014 and 2024, listing 6,459 overdue payments to 489 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 489)

SupplierAmount dueDue sinceReported on
Maa Vaishno Logitrans LLP
an individual supplier
Kamrup Packaging Udyog
an individual supplier
Shrink Packaging Systems Private Limited

To see the full MSME payment records of Marico Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Marico has 6 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

6
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Halite Personal Care India Private LimitedU24240MH2011PTC239427
HW Wellness Solutions Private LimitedU51900PN2013PTC149864
Zed Lifestyle Private LimitedU74999GJ2016PTC091839
Apcos Naturals Private LimitedU74999PB2018PTC048652
Marico Innovation Foundation (Mif)U93090MH2009NPL193455
Parachute Kalpavriksha FoundationU93090MH2018NPL318842

To see the full group structure of Marico Limited, buy the company report.

Employees & EPFO

Marico Limited has a workforce of 1,832 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.

Employee count
1,832
Active EPFO establishments
2
Employee growth
1.72%

GST

Marico has 43 GST registrations: 32 active and 11 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
43
Active
32
Cancelled / inactive
11
GSTINStateStatusRegistered on
27AAACM7493G1Z7MaharashtraActive01 Jul 2017
27AAACM7493G2Z6MaharashtraActive06 Jul 2017
02AAACM7493G2ZIHimachal PradeshActive01 Jul 2017
03AAACM7493G1ZHPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of Marico Limited, buy the company report.

Recent activity

Marico Limited has 43 board changes on record since 1988: 28 appointments and 15 cessations. The latest: Girish Srikrishna Paranjpe was appointed as Director on 01 Jun 2026.

AGM
Marico Limited last Annual general meeting of members was held on 06 Aug 2026 as per latest MCA records.
Appointed
Girish Srikrishna Paranjpe was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.30 Cr with Charge ID 101302241 was registered on 29 May 2026.
Filing
Marico Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Bhaskar Bhat was appointed as Director.
Ceased
Hema Ravichandar ceased to be Director.
Appointed
Rajan Bharti Mittal was appointed as Director.
Appointed
Apurva Purohit was appointed as Director.
Appointed
Nayantara Bali was appointed as Director.
Ceased
Nagesh Satyanarayan Basavanhalli ceased to be Director.
Appointed
Rajeev Vasudeva was appointed as Director.
Ceased
Hemangi Yateen Ghag ceased to be Nodal Officer.

65 earlier events are in the company report.

News

Marico: HSBC on Marico maintains Buy, Target Price Rs 1080; Q2 results were in line, with EBITDA growing 27%, while FY27 EBITDA growth guidance was raised to the mid-20s. Foods and Premium Personal Care continue to scale up, and management advanced its Rs 200bn revenue ambition to FY29 from FY30 earlier. HSBC believes strong growth and diversification support a re-rating.
03 Nov 2026 · Exchange Update
Marico: Jefferies on Marico maintains Buy, Target Price Rs 1035; Strong volume and EBITDA growth across Parachute, VAHO, Foods and Premium Personal Care underline the company’s growth momentum. Management raised FY27 guidance and expects to achieve its Rs 200bn revenue target a year earlier than planned. Jefferies sees Marico’s consistent execution and diversified portfolio as supporting its premium valuation.
03 Nov 2026 · Exchange Update
Marico: CLSA on Marico upgrades to Hold, Target Price Rs 737; Q2FY27 consolidated EBITDA grew 27%, 3% below estimates, while domestic volume growth stood at 10%, led by 13% growth in Parachute. Management raised FY27 EBITDA growth guidance to the mid-20s from around 20%, supported by procurement benefits, Project SETU and improving profitability of growth businesses. Marico expects to comfortably exceed Rs 150bn sales in FY27.
03 Nov 2026 · Exchange Update
Marico: JPMorgan on Marico maintains Overweight, Target Price Rs 940; Q2 revenue, EBITDA and PAT grew 13%, 27% and 29% YoY, respectively, with India volumes rising 10%, led by Parachute and mid-premium VAHO. Foods, Premium Personal Care and digital brands continued to scale up, while international growth remained healthy at 13% in constant currency. Management raised FY27 EBITDA growth guidance to at least 24–25%, supported by sustained volumes, improved portfolio mix and lower copra costs.
03 Nov 2026 · Exchange Update
Marico: Goldman Sachs on Marico maintains Buy, Target Price Rs 950; Q2FY27 results exceeded estimates, with strong double-digit volume growth and Parachute volumes rising 13% YoY. VAHO sustained healthy growth, while the Saffola edible-oil business continued its reset. Management upgraded FY27 and medium-term growth guidance.
03 Nov 2026 · Exchange Update
Marico: Management Raises Annual Forecast for FY2027, Anticipating Teen Revenue Growth Beyond INR 15,000 Crore and EBITDA Growth in Mid-20s (Increased from Around 20%); India's Business Volume Growth Expected to Hit Double Digits for the Full Year.
03 Nov 2026 · Exchange Update

From our blog

Frequently asked questions

Marico is an active public limited company based in Mumbai, Maharashtra, India. The company works in hair care products, within the FMCG industry. It was incorporated on 13 October 1988 (38+ years old) and is registered under CIN L15140MH1988PLC049208. Listed on BSE: 531642 and NSE: MARICO.

Marico reported revenue of ₹15,622 Cr for FY 2025-26 (up 24.5% YoY) based on consolidated financials.

Marico has 12 current directors:

The latest financial statements of Marico on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 06 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Marico is 27AAACM7493G1Z7, registered in Maharashtra. The company has 43 GST registrations in all, of which 32 are active and 11 are cancelled or inactive. Other active GSTINs include 27AAACM7493G2Z6 (Maharashtra), 02AAACM7493G2ZI (Himachal Pradesh), 03AAACM7493G1ZH (Punjab).

The CIN (Corporate Identification Number) of Marico is L15140MH1988PLC049208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Marico is a listed company as per MCA records. Its shares are listed on both BSE (code: 531642) and NSE (symbol: MARICO).

Marico has 591 court cases on record: 466 filed by the company and 125 filed against it. 128 are pending. Most are in the high courts.

Marico was incorporated on 13 October 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.

Marico has 54 deals on record (48 market trades, 3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹331.38 Cr; the latest was in July 2023.

The peers of Marico by revenue are Mother Dairy Fruit and Vegetable Private Limited, Emami Agrotech Limited, Cargill India Private Limited, Gemini Edibles & Fats India Limited, Frigorifico Allana Private Limited and 2 more, all in the FMCG industry (Edible Oils, Hair Care), with the same principal business activity (food, beverages and tobacco products).

Girish Srikrishna Paranjpe was appointed as Director on 01 Jun 2026. Bhaskar Bhat was appointed as Director on 01 Oct 2025. Hema Ravichandar ceased to be Director on 31 Mar 2024. Marico has 43 board changes on record in total.