Core Insights - Marico has acquired a 60% stake in Cosmix Wellness for Rs2.25 billion ($25 million), enhancing its presence in the premium food and nutrition sector [1][2] - The acquisition aligns with Marico's strategy to expand its digital-first portfolio and capitalize on the growing wellness and plant-based nutrition market [2][3] Financial Performance - In the financial year 2024-25, Marico reported revenue from operations of Rs108.31 billion, marking a 12% year-on-year increase [3] - The food division, primarily driven by the Saffola brand, experienced a significant revenue increase of 44%, exceeding Rs9 billion [3] - Cosmix Wellness has been profitable since its inception, achieving around Rs100 billion in annual recurring revenue with a high teen EBITDA margin [4] Strategic Expansion - Marico has the option to acquire the remaining stake in Cosmix Wellness after the 2029 financial year, indicating a long-term commitment to the partnership [3] - The company is also diversifying its portfolio by investing Rs2.61 billion in Skinetiq, a skincare brand in Vietnam, showcasing its ambition beyond food products [5]

Core Insights - Marico has acquired over 90% of Zea Maize, which owns the 4700BC snacks brand, for Rs2.27 billion ($24.7 million) [1][2] - Zea Maize generated revenue of Rs752.9 million in the 2023-24 financial year, while Marico's overall revenue from operations for 2024-25 was Rs108.31 billion, reflecting a 12% year-on-year increase [2] - Marico's food business, primarily under the Saffola brand, saw a significant revenue increase of 44% to over Rs9 billion, indicating a strategic focus on expanding its presence in the food sector [2] Acquisition Details - The deal for the Zea Maize stake is expected to close within 30 days, and Marico has an option to acquire the remaining business in three years [4][5] - Chirag Gupta, the founder of 4700BC, will retain his shares and continue with the business, highlighting the importance of his role in the brand's future [1][5] Strategic Alignment - Marico's investment in 4700BC aligns with its ambition to engage in fast-growing food categories through innovative brands [3] - The company aims to leverage its existing scale in the food sector to enhance the brand's market presence while maintaining a consumer-first approach [4]