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Informist, Wednesday, Feb. 4, 2026

 

--Marico to acquire 60% stake in Cosmix Wellness for INR 2.26 bln 

 

MUMBAI – Marico Ltd. will acquire 60% stake in Cosmix Wellness Pvt. Ltd., which owns the wellness brand "Cosmix", for a cash consideration of INR 2.26 billion, the company informed the exchanges Wednesday. Marico has the right to acquire the remaining stake in Cosmix Wellness after the financial year 2028-29 (Apr-Mar) at a consideration to be determined at that time under the definitive agreement.

 

Cosmix, founded in 2019, currrently has an equity valuation of INR 3.75 billion. The brand offers a range of plant-based protein powders, fermented yeast protein powders, and functional superfood blends. It recently launched functional foods such as plant-protein pancake mixes and plant-protein bars.

 

For the December quarter, Marico reported, on a consolidated basis, a net profit of INR 4.47 billion on a revenue of INR 35.37 billion. Wednesday, the company's shares ended marginally higher at INR 733.40 on the National Stock Exchange.  End

 

Reported by Gopika Balasubramanium

Edited by Rajeev Pai

 

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