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.
Dear Shareholders,
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.
Dear Shareholders,
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.
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(US$ 1.03 Billion)
Consolidated turnover
Consolidated EBITDA
growth (y-o-y)
Y-o-Y EBITDA
margin expansion
Y-o-Y Growth in consolidated Profit After Tax (excl. one-offs)
Villages in India reached through the stocklist network
Overall distribution reach in terms of number of retail outlets in India
(Source: Nielsen)
Water conservation capacity created (Cumulative conservation capacity stands at 1.36 Billion litres)
Packaging material used are recyclable by weight
Total energy consumed is from renewable sources
Reduction in Green House Gas (GHG) emission intensity from base year (20% reduction from previous year)
Students received access to quality education under ‘Nihar Shanti Pathshala Funwala’ since inception
Student beneficiaries under ‘Educate Girls’ programme
Coconut farmers enrolled under the ‘Parachute Kalpavriksha’ programme (Cumulative enrolment of 21,043 farmers)
Of members in marketing, HR and technology are women
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.
Marico continues to consolidate its leadership position with market share gains across its core segments: coconut oil, value-added hair oils, and super premium refined edible oils. There continues to be significant headroom for category growth as well as market share gains, the short-term rural demand slowdown notwithstanding.
We continue to focus on portfolio diversification with a healthy mix of core portfolio and future growth engines aligned to the changing consumer trends.
Marico lives by its purpose of ‘Make a Difference’ and continuously strives to create shared value in collaboration with all stakeholders. ‘Shared Value’ is anchored in the ethos of the way we do business and applied to ensure that all business decisions balance economic, environmental and social considerations.
We have strived to continuously experiment and adapt our business and go-to-market models in line with the changing market landscape and business realities.
Consumer-centric innovation is a key growth driver and our effort has been to bring in more agility through structural interventions. We have created roles focusing on driving consumer insights and innovations for our growth engines.
Marico has always focused on technology and automation as a key lever for building a future-ready organisation.
While profitable growth has always been a focus for Marico, cost consciousness is even more important in current scenario to ensure we maintain healthy profitability and are able to fund strategic initiatives for future growth.
At Marico, our core value proposition is to provide challenging, enriching and fulfilling opportunities that maximise the potential of our people.
Sustainability is embraced as a part of Marico’s mainstream business approach to create shared value.
By virtue of being an FMCG company, we significantly rely on natural resources. They are inherent to our business for achieving long-term sustainable growth and hence we consider it our responsibility to judiciously manage the use of natural resources, and reduce the negative impact of our operations on the environment.
KNOW MORERain water harvesting project at Perundurai unit
India
Bangladesh
Vietnam
Myanmar
South Africa
Mena
