Marico Management

Management criteria checks 3/4

Marico's CEO is Saugata Gupta, appointed in Jan 2007, has a tenure of 17.33 years. total yearly compensation is ₹251.08M, comprised of 34.6% salary and 65.4% bonuses, including company stock and options. directly owns 0.073% of the company’s shares, worth ₹560.72M. The average tenure of the management team and the board of directors is 2.6 years and 6.9 years respectively.

Key information

Saugata Gupta

Chief executive officer

₹251.1m

Total compensation

CEO salary percentage	34.6%
CEO tenure	17.3yrs
CEO ownership	0.07%
Management average tenure	2.6yrs
Board average tenure	6.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Saugata Gupta's remuneration changed compared to Marico's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹15b
Dec 31 2023	n/a	n/a	₹15b
Sep 30 2023	n/a	n/a	₹14b
Jun 30 2023	n/a	n/a	₹14b
Mar 31 2023	₹251m	₹87m	₹13b
Dec 31 2022	n/a	n/a	₹13b
Sep 30 2022	n/a	n/a	₹12b
Jun 30 2022	n/a	n/a	₹12b
Mar 31 2022	₹361m	₹72m	₹12b
Dec 31 2021	n/a	n/a	₹12b
Sep 30 2021	n/a	n/a	₹12b
Jun 30 2021	n/a	n/a	₹11b
Mar 31 2021	₹140m	₹97m	₹12b
Dec 31 2020	n/a	n/a	₹11b
Sep 30 2020	n/a	n/a	₹11b
Jun 30 2020	n/a	n/a	₹11b
Mar 31 2020	₹138m	₹89m	₹10b
Dec 31 2019	n/a	n/a	₹12b
Sep 30 2019	n/a	n/a	₹12b
Jun 30 2019	n/a	n/a	₹12b
Mar 31 2019	₹92m	₹73m	₹11b
Dec 31 2018	n/a	n/a	₹9b
Sep 30 2018	n/a	n/a	₹9b
Jun 30 2018	n/a	n/a	₹8b
Mar 31 2018	₹206m	₹187m	₹8b

Compensation vs Market: Saugata's total compensation ($USD3.01M) is above average for companies of similar size in the Indian market ($USD533.86K).

Compensation vs Earnings: Saugata's compensation has been consistent with company performance over the past year.

CEO

Saugata Gupta (56 yo)

17.3yrs

Tenure

₹251,075,800

Compensation

Mr. Saugata Gupta serves as Chairman of Board of Governors of Advertising Standards Council of India since September 2023. He has been Executive Director of Marico Limited since April 1, 2014. He has been...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Saugata Gupta	MD, CEO & Executive Director	17.3yrs	₹251.08m	0.073% ₹ 560.7m
Pawan Agrawal	CFO, Executive VP	3.7yrs	₹27.24m	no data
Vinay M. A.	Company Secretary & Compliance Officer	2.6yrs	₹5.91m	no data
Harshraj Mariwala	Founder & Non-Executive Chairman	35.6yrs	₹37.08m	2.17% ₹ 16.7b
Vrijesh Nagathan	Chief Information & Digital Technology Officer	2.2yrs	no data	no data
Amit Bhasin	Chief Legal Officer & Group General Counsel	3.3yrs	no data	no data
Somasree Awasthi	Chief Marketing Officer	1.5yrs	no data	no data
Amit Prakash	Chief Human Resource Officer	6yrs	no data	no data
John Mason	Executive VP & MD of Marico South Africa Pty. Limited	no data	no data	no data
Ashish Goupal	COO of Bangladesh	no data	no data	no data
Ankit Desai	Head of Media & Digital Marketing of India and Global Centre of Excellence	2.3yrs	no data	no data
Vaibhav Bhanchawat	Chief Operating Officer – India & Foods Business	2.1yrs	no data	no data

2.6yrs

Average Tenure

56yo

Average Age

Experienced Management: 531642's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Saugata Gupta	MD, CEO & Executive Director	10.1yrs	₹251.08m	0.073% ₹ 560.7m
Harshraj Mariwala	Founder & Non-Executive Chairman	35.6yrs	₹37.08m	2.17% ₹ 16.7b
Nikhil Khattau	Non-Independent Non-Executive Director	21.8yrs	₹7.83m	no data
Apurva Purohit	Additional Independent Director	2.1yrs	₹4.39m	no data
Rajendra Mariwala	Non-Executive Director	18.8yrs	₹4.23m	0.59% ₹ 4.6b
Rajan Mittal	Independent Director	less than a year	no data	no data
Milind Barve	Non-Executive Independent Director	2.8yrs	₹4.65m	no data
Rajeev Vasudeva	Independent Director	2.5yrs	₹4.30m	no data
Rishabh Mariwala	Non-Executive Director	7yrs	₹4.10m	1.93% ₹ 14.9b
Nayantara Bali	Additional Independent Director	2.1yrs	₹4.14m	no data
Ananth Sankaranarayanan	Independent Director	6.9yrs	₹4.60m	no data

6.9yrs

Average Tenure

60yo

Average Age

Experienced Board: 531642's board of directors are considered experienced (6.9 years average tenure).

Marico Management

Management criteria checks 3/4

Key information

Recent management updates

Marico Limited Appoints Mr. Akash Banerjee as Executive Vice President -Premium Personal Care, Media and Digital Transformation, Effective March 20, 2024

Marico Limited Informed of the Appointment of Mr. Koteshwar L N as Executive Vice President & Head Digital Business with Effect from November 1, 2023

Marico Limited Announces Executive Changes

Insider recently bought ₹23m worth of stock

High number of new directors

Marico Limited, Annual General Meeting, Aug 11, 2023

Recent updates

Full year 2024 earnings: Revenues and EPS in line with analyst expectations

Marico Limited to Report Q4, 2024 Results on May 06, 2024

Marico Limited Appoints Mr. Akash Banerjee as Executive Vice President -Premium Personal Care, Media and Digital Transformation, Effective March 20, 2024

Dividend of ₹6.50 announced

Marico Limited Approves Second Interim Equity Dividend for the Financial Year 2023-2024, Payable on or Before March 28, 2024

Marico Limited Introduces Four Gourmet-Style Flavours in Its Flavoured Oats Range, Under Its Brand - Saffola

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Marico Limited to Report Q3, 2024 Results on Jan 29, 2024

Marico Limited Declares Interim Equity Dividend for the Financial Year 2023-24, Payable on or Before November 29, 2023

Second quarter 2024 earnings: EPS misses analyst expectations

Marico Limited Informed of the Appointment of Mr. Koteshwar L N as Executive Vice President & Head Digital Business with Effect from November 1, 2023

Marico Limited to Report Q2, 2024 Results on Oct 30, 2023

Marico Limited Announces Executive Changes

Marico Limited Approves Interim Dividend for the Financial Year Ended March 31, 2023

Insider recently bought ₹23m worth of stock

High number of new directors

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Marico Limited, Annual General Meeting, Aug 11, 2023

Marico Limited, Annual General Meeting, Aug 11, 2023

High number of new directors

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Marico Limited Appoints Rajan Bharti Mittal as Additional Director

Insider recently sold ₹318m worth of stock

Third quarter 2023 earnings: EPS exceeds analyst expectations

Marico Limited to Report Q3, 2023 Results on Feb 03, 2023

Insider recently sold ₹3.3m worth of stock

Second quarter 2023 earnings: EPS misses analyst expectations

Marico Limited to Report Q2, 2023 Results on Nov 04, 2022

Insider recently sold ₹7.8m worth of stock

Insider recently sold ₹10m worth of stock

Marico Limited Announces Interim Dividend for the Financial Year Ended March 31, 2022

High number of new directors

Full year 2022 earnings: EPS misses analyst expectations

Marico Limited to Report Q1, 2023 Results on Aug 06, 2022

Marico Limited, Annual General Meeting, Aug 05, 2022

Insider recently sold ₹22m worth of stock

Marico Limited (BSE:531642) acquired 53.98% stake in HW Wellness Solutions Private Limited.

Full year 2022 earnings: EPS misses analyst expectations

Marico Limited to Report Q4, 2022 Results on May 05, 2022

Marico Limited Appoints Nikhil Khattau as the Lead Independent Director

Marico Limited Announces Cessation of B. S. Nagesh as Independent Director

Marico Appoints Ankit Desai as Head - Media & Digital Marketing for Its India and Global Centre of Excellence

Third quarter 2022 earnings: EPS misses analyst expectations

Upcoming dividend of ₹3.00 per share

Second quarter 2022 earnings released: EPS ₹2.39 (vs ₹2.05 in 2Q 2021)

Chief Human Resource Officer recently sold ₹2.5m worth of stock

Insider recently sold ₹932k worth of stock

MD, CEO & Executive Director recently sold ₹118m worth of stock

MD, CEO & Executive Director recently sold ₹53m worth of stock

Non-Executive Independent Director Kanwar Bir Anand has left the company

Additional Independent Director Sanjay Dube has left the company

Price target increased to ₹546

First quarter 2022 earnings released: EPS ₹2.76 (vs ₹2.95 in 1Q 2021)

Insider recently sold ₹1.7m worth of stock

Insider recently sold ₹3.7m worth of stock

Full year 2021 earnings released: EPS ₹9.08 (vs ₹7.92 in FY 2020)

New 90-day low: ₹394

Price target raised to ₹457

Third quarter 2021 earnings released: EPS ₹2.38 (vs ₹2.11 in 3Q 2020)

Revenue and earnings beat expectations

Marico Limited to Report Q3, 2021 Results on Jan 27, 2021

New 90-day high: ₹417

Insider recently sold ₹1.1m worth of stock

Chief Technology Officer recently sold ₹2.0m worth of stock

New 90-day high: ₹404

Insider recently sold ₹2.9m worth of stock

New 90-day high: ₹381

First half earnings released

Second-quarter earnings released: Revenue beats expectations, earnings disappoint