Marico to acquire 60 pc stake in Cosmix at Rs 375 crore valuation

New Delhi, Feb 4 (PTI) Homegrown FMCG major Marico on Wednesday said it will acquire a 60 per cent stake in Cosmix Wellness at an equity valuation of Rs 375 crore.

It has signed definitive agreements to acquire a stake in the company, which owns Cosmix, a digital-first wellness brand, according to a statement by the company.

A fortnight ago, the Mariwala family-promoted firm had announced to acquire the 4700 BC brand, a premium snacking brand from the country's leading multiplex operator PVR INOX in an all-cash transaction valued at Rs 226.8 crore.

The company, whose digital brands have crossed a Rs 1,000 crore ARR (Annual Recurring Revenue) mark, expects food & premium personal care to contribute 25 per cent to its India revenue.

Cosmix offers a range of plant-based protein powders, fermented yeast protein powders, functional superfood blends and has recently launched functional foods like plant-protein pancake mixes and plant-protein bars.

Its turnover in FY25 was Rs 50.9 crore and had scaled to Rs 100 crore ARR. It is known for its vegan, gut-friendly formulations.

Its MD and CEO Saugata Gupta said: "The investment in Cosmix brings another strong and differentiated brand into our digital-first portfolio. We foresee immense potential in the wellness and plant-based nutrition space, and Cosmix has already demonstrated deep consumer resonance with its best-in-class, innovative offerings".

Marico, which has crossed the milestone of becoming a Rs 10,000 crore revenue company in FY25, is aiming to be a Rs 20,000 crore company by 2030, growing its revenue two-fold in the next five years.

Shares of Marico Ltd on Wednesday settled at Rs 733.15 on BSE, up 0.07 per cent from the previous close. PTI KRH CS KRH BAL BAL