Marico aims to grow double digits for the next 4-5 years -

FMCG firm Marico expects to grow in double digits for the next 4-5 years and is keeping options open for acquisitions in India and overseas markets to realise its ambitions.
The Mumbai-based firm is betting on hair nourishment, healthy foods and male grooming products to be it main growth drivers, even as it looks for premium brand extensions of its existing portfolio or by launching new ones
In the last five years, the company’s top line growth is 16 per cent and net profit increased 19 per cent and the company had posted consolidated net sales of Rs 4,613.77 crore.
Marico, whose 22 per cent sales come from international sales, is also looking to scale up its presence in the East African and South East Asian markets. It has the presence in 25 countries across markets of Asia and Africa.
The company expects to reduce its dependence on coconut oil over the medium term and drive growth in value added portfolio
The company also expects contribution from rural sales to increase to 37-38 per cent in India over the next 3-5 years, up from 34 per cent.
To meet the growing demand for its products, Marico will either expand the existing units or may even build new green field units.
It has recently commenced operations at its second production unit in Assam.

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Marico aims to grow double digits for the next 4-5 years