Marico to acquire 60% stake in Cosmix at ₹375 crore valuation
The Hindu
Homegrown FMCG major Marico on Wednesday said it will acquire a 60% stake in Cosmix Wellness at an equity valuation of ₹375 crore.
Homegrown FMCG major Marico on Wednesday said it will acquire a 60% stake in Cosmix Wellness at an equity valuation of ₹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 ₹226.8 crore.
The company, whose digital brands have crossed a ₹1,000 crore ARR (Annual Recurring Revenue) mark, expects food and premium personal care to contribute 25% 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 ₹50.9 crore and had scaled to ₹100 crore ARR. It is known for its vegan, gut-friendly formulations.
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