Marico Raises Plix Stake to 84% for Rs 1,012 Crore
Marico has bought an additional 24.09 percent stake in Plix’s parent for Rs 1,012.03 crore. The deal raises its holding in Satiya Nutraceuticals to 84.09 percent.
The transaction closed on October 5. Marico’s total investment in the company now stands at Rs 1,392.07 crore.
Marico first bought into Plix in July 2023. It had agreed to buy 38.18 percent in tranches. The remaining 14.09 percent will be bought by July 2027.
That final tranche will cost up to Rs 592 crore plus milestone payments. Plix is a plant-based nutrition and personal care brand.
Its parent’s revenue nearly doubled to Rs 864.31 crore in FY26. Marico also gave a strong Q2 update. Domestic volumes grew in double digits.
Parachute coconut oil saw early-teens volume growth in the quarter. Marico first invested in Plix in July 2023. Satiya Nutraceuticals’ revenue nearly doubled to Rs 864.31 crore in FY26 from Rs 432.84 crore in FY25.
Sources:
- https://flashfinance.news/article/2748-india-daybook-stocks-in-news-october-6-2026
- https://www.afaqs.com/news/mktg/marico-raises-stake-in-plix-parent-to-8409-for-rs-1012-crore-12627999
- https://www.thehindubusinessline.com/markets/stock-markets/marico-edges-lower-as-plix-buyout-strong-q2-cues-stir-midday-trade/article71550359.ece
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