Marico Mumbai Product Development Manager Salaries by 4 Employees (Updated 2024)

5 - 13 years exp.

₹8.6 Lakhs - ₹34 Lakhs

Salary of majority employees

6% more than the average Product Development Manager Salary in FMCG Companies for 5 - 13 years of experience

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Last Updated: 9 Dec 2024

Companies similar to Marico for Product Development Manager in Mumbai

Marico Product Development Manager Salary

5 - 13 years exp. (4 salaries)

₹8.6 L/yr - ₹34 L/yr

Company name	Avg Annual Salary	Open Jobs
Hindustan Unilever Product Development Manager Salary 2 - 16 years exp. (5 salaries)	₹25 L/yr - ₹30 L/yr 19% more
Kores Product Development Manager Salary 10 - 12 years exp. (4 salaries)	₹14 L/yr - ₹14.1 L/yr 37% less
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Zycus Infotech Product Development Manager Salary 6 - 10 years exp. (9 salaries)	₹13.5 L/yr - ₹26 L/yr 1% more
Bajaj Electricals Product Development Manager Salary 10 - 13 years exp. (5 salaries)	₹14.5 L/yr - ₹28 L/yr 8% less
Kotak Mahindra Bank Product Development Manager Salary 4 - 9 years exp. (5 salaries)	₹15 L/yr - ₹25.5 L/yr 9% less

Product Development Manager salary at Marico ranges between ₹8.6 Lakhs to ₹34 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Marico.

Experience wise Marico Product Development Manager salaries in Mumbai

Last Updated: 9 Dec 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
9 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
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11 years (AmbitionBox Estimate)	₹23.3 L/yr - ₹29.8 L/yr
13 years (AmbitionBox Estimate)	₹30.6 L/yr - ₹39.1 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.

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

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

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.

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,

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.

Senior Production Officer in Mumbai

Full Time

Data Science & Analytics Department

5.0

• posted on 01 Oct 2023

4.0

for Salary and Benefits

Likes

It's good Organization, but lot of work load, when you joining the Marico, have to take good salary otherwise will not get increment on yearly.

Dislikes

Work and Life balance is not good ot of work who is working in 3p/2p sub contract manufacturing sites,they don't even get off on Sunday, will have to Manage work and personal life. Instead of corporate office all facilities are there even Saturday is also off day

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Marico Product Development Manager Salary FAQs

What is the salary of Product Development Manager at Marico Mumbai?

Product Development Manager salary at Marico in Mumbai ranges between ₹8.6 Lakhs to ₹34.0 Lakhs for experience between 5 years to 13 years. According to our estimates it is 6% more than the average Product Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Marico Mumbai.

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

The average salary of a Product Development Manager at Marico is 6% more than the average salary of a Product Development Manager in Mumbai. 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 Mumbai.

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

Hindustan Unilever Product Development Manager Salary - ₹25.0 Lakhs to ₹30.0 Lakhs per year
Zycus Infotech Product Development Manager Salary - ₹13.5 Lakhs to ₹26.0 Lakhs per year

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

Bajaj Electricals Product Development Manager Salary - ₹14.5 Lakhs to ₹28.0 Lakhs per year
Kotak Mahindra Bank Product Development Manager Salary - ₹15.0 Lakhs to ₹25.5 Lakhs per year
Kores Product Development Manager Salary - ₹14.0 Lakhs to ₹14.1 Lakhs per year

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

The estimated take-home salary of a Product Development Manager at Marico ranges between ₹1,43,082 per month to ₹1,48,415 per month in Mumbai. The take-home salary calculation is based on the average Marico Product Development Manager salary in India which ranges between ₹8.6 Lakhs to ₹34.0 Lakhs per year for employees with experience between 5 years to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Marico Product Development Managers in Mumbai 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 in Mumbai

Marico Product Development Manager salary in Mumbai ranges between ₹8.6 Lakhs to ₹34 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Marico latest salaries received from various employees of Marico.