Marico Commits to 93% Renewable Energy by 2030, Signs Green Energy Deal for Jalgaon Unit

On Earth Day 2025, FMCG giant Marico Limited highlighted its strong commitment to environmental sustainability. As part of its ongoing clean energy journey, Marico’s Jalgaon manufacturing unit signed a Green Energy Agreement with the Maharashtra State Electricity Distribution Company Limited (MSEDCL) in January 2025. Through this agreement, the Jalgaon plant will now source 100% of its electricity from green energy under the MERC-certified system.

Journey Towards Clean Energy Since 2017

Marico started using renewable energy in 2017, mainly from wind power. It successfully completed its first sustainability roadmap (2017–2022) ahead of time. Now, the company has set bigger goals for the future. By 2030, Marico wants 93% of the electricity used in its operations to come from renewable sources—triple the amount it used in 2017.

Long-Term Vision: Net-Zero Emissions

Marico has set ambitious environmental targets. It aims to achieve net-zero emissions in all its Indian factories by 2030 and globally by 2040. As of now, Marico already meets 67.4% of its energy needs using clean energy. To meet its 2030 targets, the company plans to cut its direct greenhouse gas (GHG) emissions by 93% and balance the remaining 7% through carbon offsetting and tree planting (sequestration).

Leadership Statement on Earth Day

Amit Bhasin, Marico’s Chief Legal Officer and CSR Committee Secretary, said the company is deeply committed to protecting the planet. “We’ve moved away from coal and are using agro-fuel boilers. The Jalgaon unit’s green energy switch is another step forward,” he shared. He emphasised that environmental care is part of Marico’s core business values and that the company reports its progress openly.

About Marico Limited

Marico is one of India’s top FMCG companies with a strong presence in the beauty and wellness space. In FY 2023-24, it recorded a revenue of USD 1.2 billion. Its brands—like Parachute, Saffola, Livon, Beardo, Set Wet, and True Elements—reach 1 in every 3 Indians. International operations contribute around 26% of the company’s revenue, with a wide portfolio across Asia and Africa.

As of April 22 at 1:51 PM IST, Marico share price stood at ₹706.90, up ₹11.75 or 1.69% for the day. The stock opened at ₹698.90 and touched an intraday high of ₹716.40 and a low of ₹694.10. Marico currently has a market capitalisation of ₹91,470 crore, a P/E ratio of 57.13, and a dividend yield of 0.50%. The stock’s 52-week high is ₹736.90, while its 52-week low is ₹503.15.

Conclusion

Marico’s renewed sustainability goals reflect its long-term dedication to building a cleaner, greener future. By steadily increasing clean energy adoption and aiming for net-zero emissions, Marico is setting a strong example for responsible business practices in the FMCG sector.

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