The company reported a net profit of ₹917.6 million (approximately US$10.49 million) for the quarter ending June 30, a sharp rise from ₹558 million (US$6.70M) in the same period last year.
Government data shows a 4% decline in oilseed acreage this season.
Marico aims to achieve this target through strategic pricing actions.
The acquisition will be carried out through ChrysCapital’s affiliates, Infinity Partners, Aqua Investments Ltd, and Atreides Investments BV.
Sunflower oil imports declined by 7% in July as market preferences continued to favor more competitively priced soyoil.