Marico Limited · NSE:MARICO
Marico — Investor Presentation (February 2026)
29 slides from Marico's investor presentation, Feb 13, 2026
Slide 1: Stock exchange cover letter: conference call presentation
February 13, 2026 The Secretary, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited, 1st Floor, Phiroze Jeejeebhoy Towers, 'Exchange Plaza', C-1 Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 Scrip C
Slide 2: Transforming into a Digital-First Powerhouse
TRANSFORMING INTO A DIGITAL-FIRST POWERHOUSE FEBRUARY 2026
Slide 3: Safe Harbour Statement
SAFE HARBOUR STATEMENT This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar
Slide 4: Index
INDEX THE DIGITAL VISION & STRATEGIC THE DIGITAL IMPERATIVE FRAMEWORK CHESSBOARD PROVEN SUCCESS OUTLOOK FORMULA 3
Slide 5: The Digital Imperative – Seizing the Opportunity
THE DIGITAL IMPERATIVE – SEIZING THE OPPORTUNITY India Vietnam Active Internet Users D2C Market Growth Internet Penetration Social Media Users 96 Cr. 2030 3x 2025-30 ~87% 2030 85M+ 2030 Digital Ad Spends Digital Payments Ex-Metros GenZ Premium Buyers Livestream Buyers 59% 2025 ~51%YOY 2025 ~85% 2030
Slide 6: Index
INDEX THE DIGITAL VISION & STRATEGIC THE DIGITAL IMPERATIVE FRAMEWORK CHESSBOARD PROVEN SUCCESS OUTLOOK FORMULA 5
Slide 7: Vision & Strategic Framework
VISION & STRATEGIC FRAMEWORK LEGACY FMCG INCUMBENT DIGITAL-FIRST CONSUMER COMPANY 5 Strategic Pillars Evidence Prudent Operational Synergy Repeatable Backed Capital Discipline Acceleration Playbook Acquisitions Allocation Distribution – Mindful GT Attractive Valuations Evolving Demand Spaces Healthy
Slide 8: Index
INDEX THE DIGITAL VISION & STRATEGIC THE DIGITAL IMPERATIVE FRAMEWORK CHESSBOARD PROVEN SUCCESS OUTLOOK FORMULA 7
Slide 9: Marico's Digital Chessboard
MARICO’S DIGITAL CHESSBOARD Digital Foods Digital Personal Global Digital Portfolio Care Portfolio Portfolio 8
Slide 10: Foods Portfolio – Market Opportunity Landscape
FOODS PORTFOLIO – MARKET OPPORTUNITY LANDSCAPE New acquisition New acquisition Saffola True Elements 4700 BC Cosmix Plix Healthy staples, Modern breakfast & Plant-based Gourmet snacking Functional wellness breakfast & snacking snacking nutraceuticals Mainstream health Accessible Premium flavours & V
Slide 11: 10
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Slide 12: 4700BC - Filling a Whitespace in Foods
4700BC - FILLING A WHITESPACE IN FOODS 4700BC Product Portfolio Business Performance Popcorn (~75% Revenue) ₹140 Cr 6 Cr + Ready to Cook Annual Run Rate No of units sold in a year Ready to Eat 60% #2 Player Net Promoter Score In Popcorn Category Revenue Growth Channel Mix Other Snacks (~25% Revenue)
Slide 13: Brand with Potential to Tap the c.₹24K Cr. TAM
BRAND WITH POTENTIAL TO TAP THE c.₹24K CR. TAM Current Portfolio Capabilities Competitive Positioning Saffola True Elements (Oats, Soya, Honey, Muesli) Leading Brand with 80%+ Awareness Mainstream Health & Clean-label Modern Breakfast & Snacking Strong premium positioning in a fragmented category We
Slide 14: Strategic Outlook: 4700BC
STRATEGIC OUTLOOK Target Growth ₹140 Cr (ARR) → 3.5x (FY’30) Leverage Marico Category Drive Profitability Go-to-Market Platform Expansion • Integrated procurement • Scale beyond popcorn • Enhancing operational • Build reach across GT and and supply chain into adjacent snacking efficiency MT channels
Slide 15: Plant protein
plant protein no-nonsense © plant protein casvik no-nonsense 9 plant protein no-nonsense © plant protein marico 14
Slide 16: Plant Protein - A Lifestyle Category with 2x Growth
PLANT PROTEIN - A LIFESTYLE CATEGORY WITH 2X GROWTH Growth Acceleration (2025E - 2030P) Key Growth Drivers 2x FASTER Critical Market Gap Growth Rate 73% of Indians (91% among vegetarians) are protein deficient, with >30% overweight population. Avg intake is just 60gms (half of US/UK) Whey Protein Pl
Slide 17: Cosmix - Fortifying Presence in Nutrition Space
COSMIX - FORTIFYING PRESENCE IN NUTRITION SPACE Cosmix Product Portfolio Business Performance Protein Powders (~95% Revenue) ₹100 Cr 2 Lakh+ No-Nonsense Plant Protein Pro (Yeast-based) Annual Run Rate Active Customers No-Nonsense Plant Protein (Pea & rice-isolates) Gut-friendly formulation (Zero blo
Slide 18: Strategic Outlook: Cosmix
STRATEGIC OUTLOOK Target Growth ₹100 Cr (ARR) → 3x (FY’30) Leverage Marico Sustain best-in- Category Enhance Platform class D2C metrics Expansion Profitability • Procurement scale • Maintain superior unit • Scale into adjacent • Drive operational economics wellness and efficiency in supply chain, •
Slide 19: Personal Care Portfolio - Thoughtful Premiumization
PERSONAL CARE PORTFOLIO - THOUGHTFUL PREMIUMIZATION New Acquisition Beardo Plix Candid Kaya Just Herbs Men’s Grooming Beauty & Wellness Actives based Skincare Clinical Skincare Natural Personal care Modern Masculinity Plant-based Science-backed Dermatologist- Ayurveda inspired Personal Care Skincare
Slide 20: Candid – Simply Effective Skincare
M marico candid SIMPLY EFFECTIVE SKINCARE 19
Slide 21: Candid – Premiumising Beauty Play in Vietnam
CANDID – PREMIUMISING BEAUTY PLAY IN VIETNAM Candid Product Portfolio Business Performance Anti-ageing ~₹100 Cr $30-55 Retinol Serum CY2025 Revenue Mid-premium (Price per SKU) Gold Peptide Eye Cream Hydration ~90% 25%+ Revenue from top 3 SKUs Sustainable EBITDA Margin B5 CICA Soothing & Repair Cream
Slide 22: Strategic Outlook: Candid
STRATEGIC OUTLOOK Target Growth ~₹100 Cr (CY25) → 3x (FY’30) Expand Portfolio Social Commerce Multi-Market Sustain Leadership Scale Profitability • Expand into adjacent • Double down on • Strengthen leadership • Enhance operational skin-care categories content-led discovery position in select effici
Slide 23: Global Digital Expansion
GLOBAL DIGITAL EXPANSION Organic Global Playbook Vietnam Astroman $28 B Securing first-mover advantage in high-growth Premium male grooming via immersive digital emerging markets. engagement. E-Commerce Market | 25% YOY Growth Early Entry Organic $11B live-commerce market by Replicate Models 2028, d
Slide 24: Index
INDEX THE DIGITAL VISION & STRATEGIC THE DIGITAL IMPERATIVE FRAMEWORK CHESSBOARD PROVEN SUCCESS OUTLOOK FORMULA 23
Slide 25: Beardo – Success Case Study of Profitable Scale-up
BEARDO – SUCCESS CASE STUDY OF PROFITABLE SCALE-UP From Acquisition to Market Dominance Scale Up Velocity Shift in EBITDA Margin ~5x +1900 bps Consistent EBITDA margin expansion driven by efficiencies The Winning Blueprint Founder DNA Retained Supply Chain Synergy Category Leader Ongoing Innovation
Slide 26: Plix – Success Case Study of Profitable Scale-up
PLIX – SUCCESS CASE STUDY OF PROFITABLE SCALE-UP From Acquisition to Market Dominance Scale Up Velocity Shift in EBITDA Margin ~6x +1100 bps Consistent EBITDA margin expansion driven by efficiencies The Winning Blueprint Strong Content Marketing Affordable yet Efficacious Offering Category Creator R
Slide 27: Index
INDEX THE DIGITAL VISION & STRATEGIC THE DIGITAL IMPERATIVE FRAMEWORK CHESSBOARD PROVEN SUCCESS OUTLOOK FORMULA 26
Slide 28: FY30 Diversification Blueprint
FY30 DIVERSIFCATION BLUEPRINT Digital-first PPC exit ARR (in ₹ cr.) Digital-first PPC EBITDA Margin (%) Teens ~5x Double Digit Digital-first PPC: Driving structural shift in profitability along with the ~2.5x accelerated scale-up. x Foods: Foods growth to be driven by innovation, FY24 FY27E FY30E FY
Slide 29: Thank You
maricc ve THANK YOU marico make a difference