Marico (MARICO) — Announcement

Marico Limited's wholly owned Vietnamese subsidiary, Marico South East Asia Corporation (MSEA), completed an intra-group merger with Beauty X Joint Stock Company, its step-down subsidiary, effective March 25, 2025. The merger consolidated complementary beauty and personal care operations in Vietnam, with MSEA's turnover at ₹729 crores (as of March 31, 2024) absorbing Beauty X's ₹3 crores turnover. No cash consideration was involved; operations were streamlined to optimize costs and improve efficiency.

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About Marico Limited (MARICO)

Fast Moving Consumer Goods · Agricultural Food & other Products · Listed on NSE

Market Cap: ₹1,09,206.85 Cr P/E: 67.8

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