Date: July 9, 2026

Regulatory Filing Details

  • Submitted to BSE and NSE pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Includes Integrated Annual Report for FY 2025-26 submitted to exchanges on July 9, 2026
  • Independent Assurance statement from Bureau Veritas (India) Private Limited on BRSR Core disclosures enclosed
  • Report accessible at: https://marico.com/india/investors/annual-report

Independent Assurance Statement

Assurance Provider: Bureau Veritas (India) Private Limited

Period Covered: April 1, 2025 to March 31, 2026

Scope: Reasonable assurance on BRSR Core disclosures as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/202 dated January 30, 2026

Standards Used: ISAE 3000 (Revised) and ISAE 3410

Organizational Boundaries: Covers 6 factories across Tamil Nadu (Perundurai), Puducherry, Maharashtra (Jalgaon), Gujarat (Sanand), Assam (EZ1, EZ2) and offices in Mumbai (Grande Palladium and MARKS)

Methodology:

  • Review of BRSR Core disclosures alignment with applicable requirements
  • Assessment of assumptions, estimation approaches, and data management systems
  • Discussions with Marico's management and sustainability personnel
  • Site visits to selected locations with sample-based testing of key BRSR Core KPIs
  • Verification of data collection, transcription, and aggregation processes

Limitations: Does not cover financial performance data, forward-looking statements, operations outside defined boundaries, or compliance with environmental/social/legal regulations

Conclusion: Bureau Veritas provides reasonable assurance that Marico's BRSR Core disclosures are free from material misstatement and prepared in accordance with reporting criteria

BRSR Core Performance Indicators

Principle 6: Environmental Protection

  • Greenhouse Gas Footprint:
  • Scope 1 Emissions: 1,653.3 MtCO2e
  • Scope 2 Emissions: 6,229.5 MtCO2e
  • Total Scope 1+2 Intensity: 0.84 MtCO2e/₹Cr revenue
  • PPP Adjusted Intensity: 170.54 MtCO2e/Million USD
  • Water Footprint:
  • Total Water Withdrawal: 124,872.5 KL
  • Total Water Consumption: 124,872.5 KL
  • Water Intensity: 13.28 KL/₹Cr revenue
  • PPP Adjusted Intensity: 2,701.57 KL/Million USD
  • Zero water discharge across all operations
  • Energy Footprint:
  • Total Energy Consumed: 190,741.9 GJ
  • Renewable Energy: 147,493.1 GJ (77.33% of total)
  • Energy Intensity: 20.29 GJ/₹Cr revenue
  • PPP Adjusted Intensity: 4,126.63 GJ/Million USD
  • Waste Management:
  • Total Waste Generated: 3,716.70 MT
  • Plastic Waste: 688.35 MT (100% recycled)
  • E-Waste: 4.24 MT (100% recycled)
  • Bio-medical Waste: 0.001 MT
  • Other Hazardous Waste: 253.38 MT
  • Other Non-Hazardous Waste: 2,764.07 MT
  • Waste Intensity: 0.40 MT/₹Cr revenue

Principle 3: Employee Well-being

  • Spending on well-being measures: 0.20% of total revenue
  • 100% coverage for permanent employees on health insurance, accident insurance, and other benefits
  • Zero lost time injuries, zero fatalities for both employees and workers
  • LTIFR: 0 for employees and workers (improved from 0.25 and 0.24 respectively in FY25)

Principle 5: Human Rights

  • 100% employees and workers trained on human rights policies
  • All employees paid above minimum wage
  • 3 complaints under POSH Act, 2023 with 2 complaints upheld
  • Median remuneration: ₹58.75 lakh for Directors, ₹17 crore for KMPs, ₹14.21 lakh for other employees

Principle 8: Inclusive Development

  • 50% of inputs sourced from MSMEs/small producers
  • 92% of inputs sourced directly from within India
  • Wage distribution: 87.3% metropolitan, 9.8% urban, 2.9% semi-urban, 0% rural

Principle 9: Consumer Responsibility

  • 193 consumer complaints received with 0 pending resolution
  • 96% Customer Satisfaction Index achieved
  • Zero instances of data privacy, advertising, or cybersecurity complaints
  • No product recalls during the year

ESG 2030 Roadmap Progress

Marico's sustainability strategy is structured around 8 key focus areas:

1. Climate Change: Target to achieve net-zero emissions across Indian manufacturing operations by 2030 and global operations by 2040

2. Water Stewardship: Become 'water steward' organization with water neutral operations

3. Circular Economy: Zero waste to landfill ambitions with 27,191 MT plastic waste managed through EPR

4. Sustainable Agriculture: 2.05 lakh farmers enrolled cumulatively with 87% being small/marginal farmers

5. Product Safety & Innovation: 72% of R&D investments directed toward sustainable product innovation

6. Diversity & Inclusion: 20.3% female representation in workforce, 16.67% women on Board

7. Human Rights: Enhanced Human Rights Policy with strengthened governance and grievance mechanisms

8. Community Development: ₹48.90 crore CSR spending in aspirational districts across Jharkhand, Chhattisgarh, and Madhya Pradesh

Governance Structure

  • Sustainability Committee overseen by Board and led by MD & CEO
  • Multi-tiered governance framework with strategic oversight at Board level
  • Global ESG Council driving cross-functional execution
  • Half-yearly reviews of performance against policies and statutory compliance

Financial Materiality Assessment

Marico conducted double materiality assessment evaluating both enterprise value impacts and societal/environmental impacts, identifying 8 material issues:

1. Climate Resilience & Energy Transition

2. Sustainable Agriculture & Biodiversity Loss

3. Circular Economy, Waste Management & Plastic

4. Water Stewardship

5. Product Safety, Quality & Consumer Health

6. Human Capital & Diversity & Inclusion

7. Occupational Health, Safety & Wellbeing

8. Supply Chain Resilience & Responsible Sourcing

Certifications and Compliance

  • ISO 45001 certification for Occupational Health and Safety Management Systems
  • ISO 14001 certification for Environmental Management Systems
  • ISO 27001:2022 certification for Information Security Management System
  • TÜV SUD certification for Zero Liquid Discharge (Puducherry and Perundurai units)
  • TÜV SUD certification for Zero Waste to Landfill (Puducherry and Perundurai units)
  • Full compliance with applicable environmental laws and regulations