Marico, a leading player in the personal care and health foods sector, is eyeing 20% topline growth during the current financial year.
"We are aiming at 20% topline growth this fiscal," company's Chairman and Managing Director Harsh Mariwala said today.
Mariwala said that the company was looking at both inorganic and organic growth.
He said that Marico was looking at acquisitions in the beauty and wellness sector provided the right price was quoted.
The health foods portfolio would also expanded, he said. The business contributes 15% to Marico's total revenue, he said.
Asked whether the company is looking at a price hike of its products, he replied in the negative.
Margins will be under pressure though, he said.
