Marico’s acquired brands generate ₹2,375 crore in FY26

Fast moving consumer goods (FMCG) giant Marico Ltd has built a sizeable portfolio of premium and digital brands through acquisitions over the last few years.

Detailed subsidiary financial statements published along with the parachute maker’s annual report show that the acquired businesses (Beardo, 4700BC, Cosmix, True Elements and Plix) generated combined revenue. ₹2,375 crore in revenue in FY26. Marico reported consolidated revenue ₹13,611 crore for the year. However, profitability remained uneven across the portfolio.

Nutrition emerged as the prominent category among the acquired businesses.

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Plix, the plant-based nutrition brand operated by Satiya Nutraceuticals, nearly doubled its revenue ₹864 crore in FY26 ₹433 crore a year ago. The increase helped profits rise more than fivefold ₹25.9 crore ₹4.77 crore. Marico first announced its investment in Plix in 2023, acquiring a 58% stake in the company. ₹369 crore. He currently owns 60 percent of the company.

Cosmix also experienced strong growth prior to its acquisition by Marico. The functional nutrition brand reported the following revenue: ₹915.29 crore in FY26, as compared to ₹472.52 crore in the 25th Century, with profits doubling ₹124 crore. Marico acquired 60% shares of the company ₹226 crore in February 2026.

Because Cosmix and 4700BC were acquired late in FY26, their performance is unlikely to materially impact Marico’s FY26 consolidated financial results.

Zea Maize Pvt. Premium snack brand 4700BC operated by. Ltd. increased its revenue by 21% ₹120 crore in FY26, but its loss increased by 48% ₹24 crore. Marico acquired approximately 94% of the company ₹227 crore in January 2026.

HW Health Solutions Pvt. Ltd., which sells clean label breakfast cereals, healthy snacks and millets under the True Elements brand, reported that its losses had increased by 83%. ₹43 crore in FY26, while revenue grew modestly by 8%. Marico first invested in True Elements in 2022 and made it a wholly owned subsidiary in October 2025 after acquiring the remaining 46.02% stake. ₹138 crore.

Men’s care brand Beardo remained profitable. Zed Lifestyle, which operates Beardo, reported the following revenue: ₹299 crore and profit ₹22 crore in FY26. Marico first invested in the brand in 2017.

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Marico also acquired Ayurvedic beauty brand Just Herbs in 2021. The business operated by Apcos Naturals has since been merged with the parent company.

From acquisitions to strategy

The subsidiary’s performance reflects a broader shift in Marico’s portfolio strategy.

Marico reported income ₹13,611 crore in the financial year, up 26% year-on-year, while recurring consolidated net profit after tax and minority shares was up 11% year-on-year to ₹13,611 crore. ₹1,762 crore. Premium and digital brands contributed 37% of revenue in FY26, up from 27% in FY20. The company aims to increase this share to 50% by FY30.

Marico aims for more than one ₹15,000 crore revenue generated in FY27 and aims to achieve this figure under “Vision 2030” strategy ₹20,000 crore revenue by 2030.

Marico has accelerated acquisitions in recent years to expand its portfolio, absorbing the talents of young consumer brands by adopting what it calls a “less, bigger, bolder and faster” approach.

“Data analytics, AI-led insights and advanced consumer engagement platforms are increasingly reshaping the way we build brands, deepen personalization and accelerate speed to market,” President Harsh Mariwala said in his annual report.

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Different metrics

Marico’s Q4 investor presentation noted the intersection of its digital-first portfolio, which includes Beardo, Just Herbs, Plix and Kaya ₹Annualized revenue rate (ARR) in FY26 is 1,100 crore.

“Marico’s digital-first portfolio is expected to achieve double-digit EBITDA margins by the end of FY27, with further expansion into the teens by FY30,” analysts at Motilal Oswal Financial Services said in a July 7 report.

The company’s shares closed 2.43% higher on the National Stock Exchange on Thursday. ₹The benchmark was at 860.55, compared with a 0.34% gain in the Nifty 50.