Marico is aiming for a volume growth of 8-10% and double-digit constant currency growth in international business over the next 3 to 5 years on account of strategic investments. The Mumbai-based company aspires to deliver a top-line growth of 13-15% in the medium term (3 to 5 years) and cross revenue of Rs 10,000 crore by FY 2021-22.
The company is also looking at achieving a healthy market share gains as it plans to focus on strengthening its core portfolio, driving increase in sale of value added hair oils and expanding portfolio in the existing and new markets. The company is also planning for strategic investments in its core foreign markets such as Bangladesh, Vietnam, Middle East and North Africa and South Africa, coupled with expansion in adjacent markets.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.
