FMCG main Marico has acquired a further 24.09% stake in Satiya Nutraceuticals, which owns plant-based diet and personal care model Plix, for Rs 1,012.03 crore.

The transaction, accomplished on 5 October 2026, has elevated Marico’s holding in Satiya Nutraceuticals from 60% to 84.09% on a totally diluted foundation.

Following the acquisition, Marico’s combination consideration for its 84.09% stake within the firm stands at Rs 1,392.07 crore.

Marico had beforehand acquired an combination 60% stake in Satiya Nutraceuticals and held the suitable underneath definitive agreements to accumulate the remaining 40%, topic to sure phrases and situations.

The corporate has now entered into definitive agreements to accumulate an additional 38.18% stake from the founders and sure different shareholders in tranches.

Of this, the acquisition of 24.09% has been accomplished. The remaining 14.09% stake is to be acquired in July 2027, topic to the phrases and situations of the agreements.

The consideration for the remaining stake shall be decided on the time of the acquisition. It would embody a base consideration of as much as Rs 592 crore, together with further consideration linked to milestones and different phrases agreed between the events.

The most recent 24.09% acquisition was accomplished by means of a money consideration.

Satiya Nutraceuticals was included in February 2020 and is headquartered in Mumbai. It owns The Plant Repair, or Plix, which operates throughout plant-based diet and private care.

The corporate reported consolidated turnover of Rs 864.31 crore in FY26, in contrast with Rs 432.84 crore in FY25 and Rs 155.32 crore in FY24.

Marico has stated its funding in Satiya Nutraceuticals has expanded its addressable market in value-added meals and diet, whereas strengthening its presence throughout private care and wellness classes.

The acquisition kinds a part of Marico’s broader enlargement past its conventional client items companies and into meals, wellness and digital-first manufacturers.

Its portfolio consists of manufacturers resembling Beardo, Simply Herbs, True Parts and Plix. In 2026, Marico additionally acquired majority stakes in 4700BC, a premium gourmand snacking model, and Cosmix, a digital-first purposeful wellness model.

Marico expects double-digit Q2 income development

Individually, Marico stated its India enterprise recorded underlying quantity development touching double digits throughout the second quarter of FY27, which ended on 30 September 2026.

Parachute Coconut Oil recorded early-teens quantity development throughout the quarter.

Marico stated consolidated income is predicted to develop in double digits, supported by its core, digital and worldwide portfolios, whereas working revenue is predicted to develop within the mid-twenties.