Marico Takes Full Control of True Elements to Bolster Its Health-Focused Portfolio

has acquired the remaining 46.02% stake in HW Wellness Solutions Pvt Ltd, the maker of True Elements, for up to ₹138 crore, making it a wholly owned subsidiary. This move strengthens Marico’s strategic presence in the fast-growing healthy breakfast and snacking category. HW Wellness, founded in 2013 and based in Pune, has demonstrated strong momentum, with revenue rising to ₹164.4 crore in FY25 from ₹76.4 crore in FY24. Marico expects consolidated revenue growth in the “thirties” for Q2 FY26, driven by robust international performance and benefits from GST rate reductions across key segments. In FY25, the company reported a 7.6% increase in revenue to ₹2,664 crore and a 20.3% rise in net profit to ₹433 crore. The acquisition aligns with Marico’s focus on portfolio premiumization and expanding its footprint in high-growth, health-oriented categories. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.