Marico Limited Secures Seed Funding for Growth in Consumer Products Market

Marico Limited, one of India's leading consumer products companies specializing in the global beauty and wellness sector, has announced a significant funding round aimed at accelerating its growth plans. While exact figures have not been disclosed, this injection of capital will allow Marico to enhance its product innovation pipeline and expand its market presence both domestically and internationally. With a remarkable turnover of approximately USD 1.2 billion in FY 2022-23, Marico's extensive portfolio of trusted brands, including Parachute, Saffola, and Beardo, touches the lives of one out of every three Indians. The funding will primarily focus on boosting its international consumer products portfolio, which currently contributes about 23% of the group's revenue through brands like HairCode and Fiancée, as well as introducing new, innovative offerings to cater to the evolving preferences of health-conscious consumers. As Marico continues to strengthen its foothold in chosen markets across Asia and Africa, the strategic use of these funds will not only help expand their reach but also enhance consumer engagement through deeper insights and sustainable practices tailored to meet the diverse needs of its customer base. This initiative represents a bold step toward reinforcing Marico's commitment to leading the beauty and wellness industry, ultimately striving to improve everyday lives through high-quality consumer products.