News ArticleMarico Limited Raises Ownership in Cosmix Wellness to 80% with Rs. 113.65 Crores Acquisition
The acquisition completed on November 6, 2026, expands Marico’s portfolio in premium food and nutrition with a leading digital-first wellness brand
Marico Limited has increased its ownership in Cosmix Wellness Private Limited from 60% to 80% by acquiring an additional 20% stake for Rs. 113.65 crores. This strategic investment enhances Marico's presence in the premium food and nutrition sector through a leading digital-first functional wellness brand. The acquisition was completed on November 6, 2026, with a provision to acquire the remaining stake post FY29 subject to milestones and approvals.
Marico Limited
Acquisition / Amalgamation / Merger / Demerger
Marico Limited has expanded its stake in Cosmix Wellness Private Limited from 60% to 80% by acquiring an additional 20% shareholding for Rs. 113.65 crores, completed on November 6, 2026. This move strengthens Marico's position in the health and wellness sector, integrating a prominent digital-first functional wellness brand into its portfolio.
Cosmix Wellness Private Limited, incorporated on January 31, 2022, is a Bengaluru-based company focused on digital-first functional wellness products. Over the last three financial years, its turnover has grown from Rs. 24.32 crores in FY 2023–24 to Rs. 91.53 crores in FY 2025–26, with a last 3 months annualized recurring revenue (ARR) exceeding Rs. 170 crores as per Ind AS.
This acquisition was conducted via cash consideration and did not require any governmental or regulatory approvals. The transaction is a related party transaction conducted on arm’s length basis; however, Marico’s Promoter/Promoter Group does not have any direct interest in the deal.
Marico currently holds 80% of Cosmix Wellness’s paid-up share capital and has the contractual right to acquire the remaining shares after the completion of FY29. Such acquisition is subject to meeting certain milestones, approvals, and terms defined in the definitive agreements.
The strategic addition of Cosmix Wellness aims to expand Marico’s premium food and nutrition categories, enhancing its digital-first functional wellness brand offerings.
Highlights
- Acquisition date: November 6, 2026
- Stake increased from 60% to 80% in Cosmix Wellness
- Acquisition cost: Rs. 113.65 crores paid in cash
- Cosmix Wellness is a leading digital-first functional wellness brand
- No regulatory approvals were required for the transaction
- Right held by Marico to acquire remaining stake post FY29 subject to conditions
Key Data Snapshot
What happened
- Marico Limited acquired an additional 20% stake in Cosmix Wellness, increasing its total ownership to 80%.
- The acquisition was completed on November 6, 2026, through cash consideration amounting to Rs. 113.65 crores.
- This transaction enables Marico to consolidate its investment in Cosmix Wellness, a digital-first functional wellness brand.
- Cosmix Wellness operates primarily in health and wellness and is headquartered in Bengaluru.
Key details
- The acquisition is a related party transaction conducted at arm’s length, with no promoter/promoter group interest.
- Cosmix Wellness was incorporated on January 31, 2022 and has shown significant revenue growth over the last three years.
- No governmental or regulatory approvals were needed for this transaction.
- Marico holds a right to buy the remaining stake in Cosmix Wellness after FY29 based on milestone achievements and approvals.
Background and context
- Cosmix Wellness is focused on premium food and nutrition categories in the health and wellness sector.
- Its turnover increased from Rs. 24.32 crores in FY 2023–24 to Rs. 91.53 crores in FY 2025–26.
- The company’s last 3 months ARR is over Rs. 170 crores as per Indian Accounting Standards (Ind AS).
Highlights
- Acquisition date: November 6, 2026
- Stake increased from 60% to 80% in Cosmix Wellness
- Acquisition cost: Rs. 113.65 crores paid in cash
- Cosmix Wellness is a leading digital-first functional wellness brand
- No regulatory approvals were required for the transaction
- Right held by Marico to acquire remaining stake post FY29 subject to conditions
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Yes, the acquisition is a related party transaction conducted at arm's length; promoters have no interest.
None
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