Marico Product Development Manager Salaries by 5 Employees (Updated 2025)

5 - 16 years exp.

₹8.6 Lakhs - ₹43 Lakhs

Low Confidence

Salary of majority employees

15% more than the average Product Development Manager Salary in FMCG Companies for 5 - 16 years of experience

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Last Updated: 11 Feb 2025

Companies similar to Marico for Product Development Manager

Company name	Avg Annual Salary	Open Jobs
Hindustan Unilever Product Development Manager Salary 2 - 20 years exp. (11 salaries)	₹24.6 L/yr - ₹34 L/yr 28% more
Britannia Product Development Manager Salary 2 - 7 years exp. (6 salaries)	₹13 L/yr - ₹17.5 L/yr 40% less
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Nestle Product Development Manager Salary 8 - 12 years exp. (6 salaries)	₹22.5 L/yr - ₹30 L/yr 3% more
ITC Product Development Manager Salary 4 - 15 years exp. (5 salaries)	₹22 L/yr - ₹45.7 L/yr 30% more
MTR Foods Product Development Manager Salary 10 - 13 years exp. (5 salaries)	₹12 L/yr - ₹12.9 L/yr 51% less
Wipro Consumer Care & Lighting Product Development Manager Salary 10 - 14 years exp. (5 salaries)	₹14.5 L/yr - ₹22.5 L/yr 29% less
Kores Product Development Manager Salary 10 - 12 years exp. (4 salaries)	₹14 L/yr - ₹14.1 L/yr 44% less

Product Development Manager salary at Marico ranges between ₹8.6 Lakhs to ₹43 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of Marico.

Experience wise Marico Product Development Manager salaries

Last Updated: 11 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹8.6 L/yr
6 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.8 L/yr
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7 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
8 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.7 L/yr
9 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹20 L/yr
10 years (AmbitionBox Estimate)	₹20.7 L/yr - ₹26.5 L/yr
11 years (AmbitionBox Estimate)	₹25.9 L/yr - ₹47.5 L/yr
12 years (AmbitionBox Estimate)	₹26.8 L/yr - ₹34.3 L/yr
13 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹34 L/yr
14 years (AmbitionBox Estimate)	₹33 L/yr - ₹42.1 L/yr
15+ years (AmbitionBox Estimate)	₹16.6 L/yr - ₹43 L/yr

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Top skills at Marico for Product Development Manager

Product Development NPD Formulation Development Personal Care Product Innovation Skin Care

Salary related reviews for Marico

Junior Officer Operations in Guwahati

Production, Manufacturing & Engineering Department

5.0

• posted on 26 May 2022

4.0

for Salary and Benefits

Likes

That is good work environment and culture.Teammates are supportive &the management is transparent.There is cafeteria & gaming arcade for chilling. Company policies are good, appraisals r fair & they have good opportunities for future.

Salary - Good

+6 more

Dislikes

Should be salary hike & bonus every year.

TSO in Dhanbad

Sales & Distribution/ East Department

4.0

• posted on 25 Mar 2021

5.0

for Salary and Benefits

Likes

Compensation is higher in FMCG industry Brand leader in each portfolio

Salary - Excellent

+2 more

Dislikes

HR are dominated by Sales. No logical discussion. You have to do target whatever the market scenario. Otherwise Seniors will target you and create hurdles in future growth

Promotions - Poor

Utility & Maintenance Engineer in Jalgaon

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 15 Jan 2025

3.0

for Salary and Benefits

Likes

Work culture is good, their is a balance between work life balance

Job security - Good

+2 more

Dislikes

Salary is not ok, if you are working from a long time and very good at your work. Still company will give more CTC to a new person who is very new to industry and has less experience to sector.

Promotions - Bad

Territory Sales Executive in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

1.0

• posted on 07 Jun 2024

3.0

for Salary and Benefits

Likes

On paper Sales Incentives are on a higher side. Brand Parachute is having pull in the market

Dislikes

...e seeing a hell lot of undercutting and cross selling from B2B and B2C platform. In the end u will be ending up only having salary and no incentives. If ur planning to join Marico get ready to have daily calls in the evening from 5.30-7.30 and your manager will directly ask u to work on Sundays and Public holidays too. If you prefer Work life balance then this is not the place.

Skill development - Poor

+5 more

ISR in Kolkata

Full Time

Sales & Business Development Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Promotion & salary on time,

Skill development - Good

Dislikes

1) Previously Working is good but 1.5 yrs not so good. Huge market rate issue, Minimum 5-6 % . I have working in this company. please i have request solve this prb(Rate). 2) PSR & VSR salary not so good other industry.

Work satisfaction - Poor

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Marico Product Development Manager Salary FAQs

What is the salary of Product Development Manager at Marico?

Product Development Manager salary at Marico in India ranges between ₹8.6 Lakhs to ₹43.0 Lakhs for experience between 5 years to 16 years. According to our estimates it is 15% more than the average Product Development Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Marico India.

How does the salary of a Product Development Manager at Marico India compare with the average salary range for this job?

The average salary of a Product Development Manager at Marico is 15% more than the average salary of a Product Development Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Product Development Manager at Marico?

Product Development, NPD, Formulation Development, Personal Care and Product Innovation are some of the popular skills required to work as a Product Development Manager at Marico India.

Which similar companies are paying more than Marico to a Product Development Manager in India?

ITC Product Development Manager Salary - ₹22.0 Lakhs to ₹45.7 Lakhs per year
Hindustan Unilever Product Development Manager Salary - ₹24.6 Lakhs to ₹34.0 Lakhs per year
Nestle Product Development Manager Salary - ₹22.5 Lakhs to ₹30.0 Lakhs per year

What is the salary of a Product Development Manager in companies similar to Marico in India?

Wipro Consumer Care & Lighting Product Development Manager Salary - ₹14.5 Lakhs to ₹22.5 Lakhs per year
Britannia Product Development Manager Salary - ₹13.0 Lakhs to ₹17.5 Lakhs per year
Kores Product Development Manager Salary - ₹14.0 Lakhs to ₹14.1 Lakhs per year
MTR Foods Product Development Manager Salary - ₹12.0 Lakhs to ₹12.9 Lakhs per year

What is the estimated take home salary of a Product Development Manager at Marico in India?

The estimated take-home salary of a Product Development Manager at Marico ranges between ₹1,57,860 per month to ₹1,63,861 per month in India. The take-home salary calculation is based on the average Marico Product Development Manager salary in India which ranges between ₹8.6 Lakhs to ₹43.0 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Product Development Manager at Marico?

According to AmbitionBox, 100% of the Marico Product Development Managers reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Marico Product Development Manager Salaries

Marico Product Development Manager salary in India ranges between ₹8.6 Lakhs to ₹43 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Marico latest salaries received from various employees of Marico.