It is with immense pleasure that I present to you the second Integrated Report of your Company. The year under review has presented a variety of challenges with economic growth in India weakening quarter-on-quarter amidst a severe liquidity slump, falling consumption trends, especially in rural, and last but not least, the outbreak of COVID-19 in March, which has not only elevated the economic challenges, but also adversely affected the society, at large.
I am pleased to present to you Marico’s Integrated Report for the year ended March 31, 2020.
The year under review was unprecedented in many ways – a very difficult macroeconomic condition, plagued by demand slowdown across categories, with probably an exception of foods and allied categories, and culminating with a oncein- a-century phenomenon of a pandemic, the COVID-19 outbreak.KNOW MORE
Our ability to create value depends upon the use of six capitals
We believe that mutual and inclusive growth is necessary, and strive to maintain the right balance towards meeting stakeholder interests through continuous and proactive engagement.
Marico remains committed towards sustainable value creation through a ‘consumer-’ and ‘community-’ centric strategy.
These enablers focused towards Marico’s transformation prepare it for the emerging new realities and changing consumer needs.
Marico’s focus on delivering sustainable profitable growth has translated into a compounded annual growth of 16% in top-line and 23% in profits, since inception.
We aspire to tread the path of value-based growth by ensuring business sustainability and creating differentiated benefits to all our stakeholders, by partnering in their growth agenda through continuous engagement. The value-accretive business opportunities in this environment sets us on a path of accelerated, yet sustainable growth, thus benefitting all.