About this Report

This is Marico’s second Annual Integrated Report.

We continue to move forward in our reporting journey to inform our stakeholders about the organisation’s value creation process, using both financial and non-financial resources.

Reporting framework

The financial statements and statutory disclosures including the Board’s Report, Management Discussion and Analysis (MDA), and Corporate Governance Report are presented in line with the requirements of the Companies Act, 2013 (and the rules made thereunder), Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Secretarial Standards issued by the Institute of Company Secretaries of India. The non-financial section of the Report is guided by the International Integrated Reporting framework, published by the International Integrated Reporting Council (IIRC). The Key Performance Indicators (KPIs) reported are as per the Global Reporting Initiative (GRI) Standards ‘Core’ option. The Report is also aligned with the nine principles of the Ministry of Corporate Affairs’ National Voluntary Guidelines (NVGs) on the social, environmental and economic responsibilities of business.

Reporting boundary

The financial information contained in this Report pertains to Marico Limited, including its domestic and international business, subsidiaries and joint ventures. The non-financial information is limited to the Company’s operations in India, unless otherwise specified at relevant sections.

Reporting period

The Report covers financial and non-financial performance of the Company from April 1, 2019 to March 31, 2020.

Management responsibility statement

The management of Marico acknowledges its responsibility in ensuring the integrity of the Integrated Report. The management also confirms that the Report addresses all material matters pertaining to the organisation and its stakeholders, and communicates the organisation’s ability to pursue prospects and mitigate risks.

Assurance of report content

Reporting Element Assurance Status
Financial information The financial statements presented in the report have been audited by BSR & Co. LLP
Selected non-financial performance metrics The energy and emission related disclosure for India operations have been audited by DNV GL Business Assurance India Pvt. Ltd.
All other non-financial performance information Internally verified and assured by the Management


The changes in reporting, with respect to the organisation and supply chain, if any, are mentioned at respective sections as notes.

At Marico, we are driven by the aspirations of our stakeholders.

A purpose-led organisation, our work ethic is centred around giving back more than what we take. For the past thirty years, this has enabled our transformative journey, which has delivered superior value for all our stakeholders.

True to our ethos, today, as we continue to innovate, transform and grow, we stay committed to effectively ‘making a difference’.