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.
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