Storyboard18: Saugata Gupta on Marico’s growth, future acquisitions, and leadership vision

Storyboard18: Saugata Gupta on Marico’s growth, future acquisitions, and leadership vision

In a special conversation with Storyboard18, Saugata Gupta, Managing Director and CEO of Marico, spoke about his two-decade journey with the company and his three decades of experience in the fast moving consumer goods (FMCG) sector.

Reflecting on his early days, Gupta said, “When I joined, Marico’s turnover was around 600 or 650 crore. Today, we are set to cross 10,000 crore this year.” Under his leadership, Marico has seen significant transformation, particularly in diversifying its portfolio over the past four years.

Also Read | Marico wins legal battle in SC over classification of pure coconut oil as edible oil

Looking ahead, Gupta said that Marico is keen on acquisitions in areas with high growth potential. “We will continue to acquire because this is a proven model for us.” The focus for Marico is not just on business expansion but also on investing in differentiated spaces.

Gupta places significant value on the founders of potential acquisitions, noting that the quality of founders is crucial for the long-term success of any partnership.

Also Read | Marico will navigate the current tough environment, says Goldman Sachs with 720 target

“We invest not just in the business but also in the founders, their ability to grow the organisation organically and sustainably,” he said. Gupta also emphasises that Marico’s aim is to help founders leave a lasting legacy, rather than just making quick profits.

For more, watch the accompanying video

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