Brandtree

Mutandis: brands it owns and its ownership tree

Mutandis (CSE: MUT) is a publicly listed company headquartered in Casablanca, Morocco that owns 11 consumer brands across 4 categories.[1][2][3][4]

Mutandis S.C.A. is a Moroccan consumer goods group, incorporated in Casablanca on 14 March 2008 as a partnership limited by shares and managed by MUGEST, which Adil Douiri represents. It listed on the Casablanca Stock Exchange on 14 December 2018 under the ticker MUT. It works in four categories: detergents and personal care, canned fish, juices and Aïn Ifrane mineral water, and the Season sardine business in the United States. Revenue for 2025 was MAD 2,022 million, from 12 plants. It sold its PET-bottle maker CMB Plastique to Dislog Group in April 2024.

Company facts

Legal name
Mutandis S.C.A. (also Mutandis SCA, Groupe Mutandis)
Type
publicly listed company · see all publicly listed company owners
Headquarters
🇲🇦 Casablanca, Morocco
Founded
2008
Tickers
CSE: MUT
Website
mutandis.com
Last verified
· 8 sources

Mutandis in numbers

Everything Mutandis owns

2026

Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.

Everything Mutandis owns Tree of 11 brands under Mutandis. Mutandis Aïn Ifrane Anny Frut Josiane Magix Marine Marrakech Maxis' and 3 more

Full-screen interactive tree → · Download as infographic

Brand portfolio by category

Full portfolio, 11 brands, with sources → · Competitors by shared categories →

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Frequently asked questions

What brands does Mutandis own?

Mutandis owns 11 consumer brands tracked here, including Season, Maxis', Magix, Marrakech, Wash and Vitaïa.

Is Mutandis a Moroccan company?

Yes. Mutandis is headquartered in Casablanca, Morocco and was founded in 2008.

Who owns Mutandis?

Mutandis is a publicly listed company owned by its shareholders; it trades as MUT on the CSE.

Sources (8) & corrections

Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.

  1. [1] Mutandis SCA — Rapport financier annuel 2025 — Mutandis SCA, Annual report, published 7 May 2026; retrieved 23 October 2026.
  2. [2] Mutandis SCA — Rapport financier semestriel S1 2026 — Mutandis SCA, Stock exchange filing; retrieved 23 October 2026.
  3. [3] Mutandis SCA — Document de référence 2020 (enregistré par l'AMMC) — Mutandis SCA, Stock exchange filing, published 16 July 2021; retrieved 23 October 2026.
  4. [4] Mutandis SCA — Note d'opération, augmentation de capital 2022 (visée par l'AMMC) — Mutandis SCA, Stock exchange filing; retrieved 23 October 2026.
  5. [5] Mutandis — Réalisation définitive de l'acquisition d'Euro Africaine des Eaux (Aïn Ifrane) — Mutandis SCA, Official press release, published 10 July 2023; retrieved 23 October 2026.
  6. [6] Mutandis SCA — Rapport financier annuel 2024 — Mutandis SCA, Annual report; retrieved 23 October 2026.
  7. [7] Mutandis — Capital Markets Day 2024 — Mutandis SCA, Official document; retrieved 23 October 2026.
  8. [8] Mutandis — Analyst presentation H1 2026 — Mutandis SCA, Official document, published 7 September 2026; retrieved 23 October 2026.

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