MARICO: A BIGGER BET ON INDIA'S FAST-GROWING WELLNESS MARKET

An additional ₹113.65 crore investment takes ownership to 80% — but the bigger opportunity could lie in the business's growth over the next few years. Marico is strengthening its presence in India's rapidly expanding functional wellness and nutrition market. The company has acquired an additional 20% stake in Cosmix Wellness Private Limited for ₹113.65 crore, increasing its total shareholding from 60% to 80%. The transaction gives Marico greater ownership of a digital-first wellness brand operating in categories such as plant-based protein, functional nutrition and superfood blends. Interestingly, this may not be the final step. Marico also has the option to acquire the remaining 20% stake after FY29, subject to the achievement of specified milestones, requisite approvals and agreed conditions. Let's understand why this acquisition matters and what investors should watch. 1. THE DEAL: MARICO INCREASES OWNERSHIP TO 80% Marico completed the acquisition of an additional 20% stake in Cosmix Wellness on 6 November 2026. Key transaction details Particulars Details Company acquired Cosmix Wellness Pvt. Ltd. Additional stake acquired 20% Previous shareholding 60% New shareholding 80% Acquisition consideration ₹113.65 crore Mode of payment Cash Completion date 6 November 2026 Remaining stake 20% Future acquisition option After FY29, subject to milestones --->Why is this segment important? Indian consumers are increasingly exploring alternatives to conventional nutrition products, including plant-based protein, gut-friendly formulations and functional foods. 3. COSMIX REVENUE GROWTH: THE NUMBERS ARE INTERESTING One of the most important aspects of this acquisition is the growth in Cosmix's reported turnover. Financial year Turnover FY24 ₹24.32 crore FY25 ₹47.25 crore FY26 ₹91.53 crore