Marico ramps up food play, sets ₹850-cr revenue target
Financial Express Mumbai|May 09, 2023
Identifying right spaces for growth critical: Analysts 
VIVEAT SUSAN PINTO
Marico ramps up food play, sets ₹850-cr revenue target

CONSUMER GOODS MAJOR Marico has set itself a topline target of over ₹850 crore in the food business in the current financial year (FY24), the company said in its latest earnings call, as it eyes fastgrowing spaces in the category.

The company closed FY23 with a topline of nearly ₹600 crore in the food segment, which has been a key pillar for Marico in its diversification exercise over the last few years. The company counts Parachute and Saffola among its key brands.

While Parachute is a hair oil brand, Saffola has several products in the edible oil and food categories such as oats, honey, noodles, soya chunks, peanut butter and munchies. The push into the food segment began a few years ago with masala oats, which is a category leader, sector experts said.

هذه القصة مأخوذة من طبعة May 09, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 09, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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