
Marico has signed definitive agreements to acquire a 60% stake in Cosmix Wellness for ₹225.67 crore, according to a regulatory filing on February 4.
The deal will be executed through a cash transaction and is expected to close within about 30 days, subject to standard conditions.
Following the transaction, Cosmix will become a subsidiary of Marico. The company also retains the option to acquire the remaining 40% stake after FY29, subject to agreed milestones and approvals.
The transaction implies a valuation of roughly ₹375 crore for the startup. Cosmix reported revenue of ₹24.32 crore in FY24, which increased to ₹50.93 crore in FY25, according to the disclosure.
In the 6 months from August 2025 to January 2026, the business recorded an annualised revenue run rate of about ₹100 crore.
Founded in 2019, Cosmix sells plant-based protein powders, superfood blends and other functional food products through digital channels.
The acquisition comes as protein-enriched foods gain wider acceptance among Indian consumers. Dairy and packaged food companies have launched higher-protein versions of milk, curd and ready-to-cook products in response to changing dietary habits.
Protein is increasingly being positioned as part of everyday nutrition, rather than as a niche category limited to sports or fitness use.
Cosmix will be part of Marico’s digital-first portfolio, which includes brands such as Plix, True Elements, Beardo and Just Herbs. These businesses together reported revenue of around ₹900 crore in the first quarter of FY26.
Marico has set a target to scale this digital portfolio to ₹2,000-2,500 crore over the next three years through internal growth and acquisitions.
Read More: Marico Q3 FY26 Earnings Results: Net Profit Rises 12%, Revenue Jumps 27% on Strong Volume Growth!
As of February 5, 2026, 11:33 am, Marico Ltd. share price was trading at ₹741.65, a 1.16% increase from the previous closing price.
The acquisition adds a plant-based nutrition brand to Marico’s portfolio at a time when protein-focused products are expanding across Indian food categories. The deal also contributes to the company’s ongoing expansion in digital-first consumer businesses.
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Published on: Feb 5, 2026, 12:01 PM IST

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