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.
What happened
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
Key facts
- Rs 200 billion FY30 target
- Rs 108 billion FY25 revenue
- 25% foods CAGR
- Rs 10 billion Beardo/Plix ARR FY26
- 1 million outlets
- Rs 815 target price
Why this matters
Marico's digital-first brands Beardo and Plix and its foods ambitions signal continued appetite for acquisitions and portfolio expansion to hit the Rs 200 billion FY30 target.
What to watch
- Quarterly foods segment revenue growth vs 25% CAGR guidance
- Beardo + Plix combined ARR progress toward Rs 10bn by FY26
- Copra and edible oil price trends impacting Parachute gross margins
- VAHO/Project SETU volume recovery in general trade
- Nuvama and peer analyst target revisions vs Rs 815
- Accelerate M&A/incubation of digital-first D2C brands to build the foods and premium personal-care portfolio
- Deepen general-trade + quick-commerce distribution (Project SETU) for VAHO recovery
- Manage Parachute pricing dynamically against copra cost cycles to protect volume share
- Invest in ad spends to convert Beardo/Plix ARR toward profitability, not just topline