Marico shares in focus on acquiring wellness brand for Rs 375 crore. Here’s everything you need to know

Shares of FMCG major Marico will be in focus on Thursday, February 5, after the company signed definitive agreements to acquire a 60% stake in Cosmix Wellness at an equity valuation of about Rs 375 crore.

The Bengaluru-based brand specialises in plant-based protein powders, fermented yeast protein formulations, and functional superfood blends, and has recently expanded into functional foods such as plant-protein pancake mixes and protein bars.

Bootstrapped and profitable since inception, Cosmix has scaled to roughly Rs 100 crore in annual recurring revenue (ARR) while maintaining a high-teen EBITDA margin profile. The company reported turnover of Rs 50.93 crore in FY25, Rs 24.32 crore in FY24, and Rs 5.39 crore in FY23, reflecting rapid scale-up over the past three years.


Commenting on the deal, Marico MD & CEO Saugata Gupta said the acquisition strengthens the company’s digital-first portfolio and positions it well in the fast-growing wellness and plant-based nutrition segment. He noted that Cosmix has built strong consumer connections through innovative offerings, and said Marico aims to accelerate the brand’s growth, expand into adjacent wellness categories and build a sustainable, profitable franchise across India.

Under the agreement, Marico will also have the option to acquire the remaining stake in Cosmix after the completion of FY29, subject to milestone achievements, regulatory approvals and other terms outlined in the definitive agreements. The acquisition of the initial 60% stake through a secondary buyout is expected to close within 30 days, pending customary conditions, the company said in a regulatory filing.

The transaction aligns with Marico’s broader strategy to expand its presence in premium food and nutrition segments by adding a differentiated, digital-first functional wellness brand to its portfolio.

Marico reported a 13.3% year-on-year increase in consolidated profit to Rs 460 crore for the December quarter, supported by high single-digit volume growth in its domestic business.

Consolidated revenue from operations rose 26.6% year-on-year (YoY) to Rs 3,537 crore in Q3 FY26, compared with Rs 2,794 crore in the same quarter last year, reflecting broad-based growth across segments.

According to the company, which owns brands such as Saffola, Parachute and Livon, the topline performance was driven by underlying volume growth of 8% in the India business and constant-currency growth of 21% in its international operations.

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