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Marico Ltd, which is expanding into the healthy food segment with the Saffola brand, expects its food business to surpass the edible oil vertical, said the company's Managing Director and Chief Executive Officer, Saugata Gupta.
Marico, whose foods business has crossed the Rs 900 crore-mark in FY25, is expanding in the segment by introducing Saffola oats, honey, and snacks, among other products, in the fast-growing wellness space.
The home-grown FMCG major, which also operates with brands like 'True Elements' and the plant-based nutrition portfolio of Plix, sees a significant opportunity for expansion of TAM (Total Addressable Market), he said.
"As far as Saffola is concerned, we continue to grow the foods franchise. And the food franchise is more profitable than the edible oil. The food business does involve a significant TAM expansion," Gupta told PTI.
Source: Online/OFA
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