Brands
Marico eyes gulf as digital brands set sights on Rs 4,000 crore by FY30
From vietnam to the middle east, marico bets big on digital-first growth
MUMBAI: Marico is gearing up to take its digital-first brands to the Gulf, targeting the United Arab Emirates and Saudi Arabia as it seeks a fresh wave of international growth.
The Mumbai-based consumer goods giant, famous for Parachute hair oil and Saffola edible oils, is riding the surge in smartphone use and e-commerce adoption in the region.
“In the Middle East, we are focusing on markets like the UAE and KSA, which rank among the world’s most connected,” said MD and CEO Saugata Gupta.
Marico has been sharpening its digital edge over the past eight years, scooping up six homegrown online brands including Beardo, Just Herbs, and Plix. Earlier this month, it boosted its Southeast Asian presence with a 75 per cent stake in Vietnam’s Skinetiq, home to the brand Candid, for Rs 261 crore. Altogether, these deals tally to around Rs 1,665 crore.
The strategy is already paying off. Beardo has grown fivefold since joining Marico, while plant-based nutrition brand Plix has expanded six times in two years and pivoted from pure nutraceuticals into hair and skin food, significantly improving profit margins. Functional wellness brand Cosmix, with an annual revenue run-rate of Rs 100 crore, targets the protein deficiency gap affecting 73 per cent of India’s population and boasts high-teen Ebitda margins.
Gupta said the company is now eyeing profitable brands with annual revenues of Rs 100–150 crore, a sweet spot that allows rapid expansion without heavy losses. Organic launches continue to add spice. In Vietnam, Marico rolled out Astroman and Lashe, aimed at men’s and women’s personal care, using a social commerce model that taps bloggers and influencers on platforms like TikTok. After navigating currency and demand challenges, Vietnam returned to 22 per cent constant-currency growth in Q3 FY26, with double-digit momentum expected to continue.
The company’s broader digital strategy is organised as a three-pronged digital chessboard: digital foods, digital personal care, and global digital brands. Gupta projects that Marico’s digital portfolio could collectively generate Rs 4,000 crore by FY30, while its new businesses are expected to contribute roughly 33 per cent of total India revenues in the same period.
To boost margins in competitive categories like food, Marico plans to leverage its institutional weight by cutting costs through centralised media buying on platforms like Meta and Google and using high-velocity supply chain capabilities. In the Middle East, the group intends to replicate its Indian success by bringing digital food brands to markets with high smartphone penetration.
With this blend of strategic acquisitions, organic launches, and operational know-how, Marico is clearly betting that its digital-first brands will power the next chapter of growth, beyond staples and across borders.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
