Agencies NEW DELHI 

FMCG major Marico aims to be a Rs 20,000 crore company by 2030 by growing its revenue two-fold in the next five years, says its Chairman Harsh Mariwala. The company, which owns popular brands as Saffola, Parachute, and Livon, crossed the Rs 10,000-crore revenue milestone in the last 2024-25 fiscal.

Terming this as an achievement, Mariwala, in the latest annual report of the company, said it is a reflection of the strength of Marico's brands and innovations, which are a "vital lever" in the pursuit of purposeful growth. The company is now gearing up for the next phase of transformation, aiming to achieve the next Rs 10,000 crore in revenues over the next five years.

  "Even as we celebrate this significant accomplishment, we remain sharply focused on our next horizon-scaling towards Rs 20,000 crore in revenue by 2030 -guided by a clear roadmap rooted in innovation, purposeful brand building and operational excellence," said Mariwala while addressing the shareholders.

Marico, which was earlier known for edible oils and hair care products, has progressively expanded beyond its traditional strongholds. Now Marico's overarching objective is to build and strengthen consumer centric portfolios to cater for the evolving aspirations of a diverse and dynamic demographic,  said its MD & CEO, Saugata Gupta.

Marico is scaling up its profitable emerging businesses, where it has made strategic investments. It has cultivated a vibrant new-age digital-first portfolio that is progressively stepping up its contribution to both the topline and bottom line each year, said Gupta.