The Board of Directors at Marico Limited, a prominent Indian fast-moving consumer goods (FMCG) company, has given a strong vote of confidence to its current leadership by approving the re-appointment of Saugata Gupta as the Managing Director and Chief Executive Officer.
This decision, made during the Board meeting on May 2, 2025, extends Gupta’s tenure for an additional two years, commencing on April 1, 2026, and concluding on March 31, 2028. The official announcement was made through a filing with the stock exchanges.
Saugata Gupta’s journey with Marico began in 2004 when he joined as the Head of Marketing. His strategic acumen and leadership skills propelled him through the ranks, leading to his appointment as CEO of the India business in 2007. Since 2014, Gupta has been at the helm as the Managing Director and CEO, guiding Marico through significant periods of growth and transformation in both domestic and international markets.
The re-appointment underscores the Board’s unwavering trust in Gupta’s strategic vision and his proven ability to execute effectively. Under his guidance, Marico has not only solidified its position in its traditional strongholds like hair oils (Parachute) and edible oils (Saffola) but has also successfully ventured into newer, high-growth segments such as health foods, male grooming (Set Wet), and digital-first brands. His focus on premiumization, fostering innovation, and driving digital transformation has been instrumental in maintaining Marico’s competitive edge in a dynamic FMCG landscape.
This decision arrives at a time when Marico is showcasing strong financial results. In the fourth quarter of FY25, the company reported a robust 20% year-on-year increase in revenue from operations, reaching ₹2,730 crore. The India business demonstrated a healthy underlying volume growth of 7%, while the international business registered an impressive 16% growth in constant currency terms.
For the entire fiscal year FY25, Marico’s consolidated revenue from operations stood at ₹10,831 crore, marking a significant 12% increase compared to the previous year. This growth was supported by a 5% underlying volume growth in India and a 14% constant currency growth in its international operations. Notably, approximately 95% of Marico’s portfolio either gained or maintained market share in FY25.
Industry analysts believe that Saugata Gupta’s continued leadership provides crucial strategic continuity and stability as Marico embarks on its next phase of growth. With evolving consumer behavior and increasing competition, his experience and vision are expected to be vital in strengthening the company’s core business while further expanding its presence in new-age categories and digital channels. Marico’s recent focus on increasing advertising and promotional spending, which saw a 35% year-on-year jump in Q4 FY25, indicates an aggressive push towards brand building and diversification under Gupta’s direction.
Saugata Gupta’s extensive experience spans over three decades, including significant stints at Mondelez International and ICICI Prudential Life Insurance before joining Marico. He holds a B.Tech in Chemical Engineering from IIT Kharagpur and a PGDBM in Marketing from IIM Bangalore. His leadership has garnered numerous accolades, recognizing him as one of India’s top CEOs. His continued tenure is expected to further solidify Marico’s position as a leading and future-ready FMCG organization committed to sustainable and profitable growth.
Key Highlights:
- The Marico Board has re-appointed Saugata Gupta as the Managing Director and CEO for another two-year term, effective from April 1, 2026, to March 31, 2028.
- This decision reflects the Board’s confidence in Gupta’s leadership and his successful track record in driving growth and transformation for Marico.
- The re-appointment comes on the back of strong financial performance by Marico in FY25, with a 12% increase in consolidated revenue and healthy volume growth in both domestic and international markets.
- Gupta’s continued leadership is expected to provide strategic stability as Marico focuses on strengthening its core business and expanding into new growth areas.