NSE: MARICO | BSE: 531642

Expensive Rocket

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725.85 14.25 (2.00%)

Near 52W High of ₹759.00

2.2M NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

94,208.4

Market Cap

High in industry

0.6

Beta 1Year

Very Low volatility

Marico Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MARICO, BSE:531642 Marico Ltd.

Marico Ltd.

31 Jul 2021, 12:00AM

725.85

2.00%

Q1FY21 Result Update - Rich Valuations warrants caution - HOLD

Hold: Marico Ltd.

Target

Prabhudas Lilladhar

We are increasing FY22/23 EPS by 7.2%/3.8% on the back of high sequential growth in margins as input cost inflation has peaked out. We believe outlook remains positive going forward given 1) strategy to push volumes working in high inflationary environment in Parachute and VAHO 2) Improved competitive positioning of Saffola 3) Foods on track to achieve Rs5bn revenue in FY22 and Rs8.5bn by FY23 4) Got-to-markets expansion through chemist channel in Urban and direct reach in rural by 25% increase in stockists in next 2 years and 5) Focus on digital brands to provide Rs4.5-5bn...

Marico Ltd.'s price crossed above 30Day SMA today

Marico Ltd.

04 May 2021

725.85

2.00%

MARICO INDUSTRIES LTD

Hold: Marico Ltd.

Recommendation Target

Geojit BNP Paribas

Marico holds a strong foothold in the rural and semi-urban regions. With recovery in economic activities and growing demand for its products, Marico's performance should continue to improve further. We revise Target to Rs.483 based on 42x FY23E adj. EPS and recommend HOLD rating due to recent surge in stock price. Robust growth in volume supports topline Q4FY21 revenue surged 34.5% YoY (-5.2% QoQ) to Rs. 2,012cr, as the company benefited from strong volume growth of 25% in domestic market and constant...

Number of FII/FPI investors increased from 881 to 1031 in Jun 2025 qtr.

Marico Ltd.

02 May 2021

725.85

2.00%

Marico: Q4FY21 Result Review

Accumulate: Marico Ltd.

Target

IDBI Capital

Marico (MRCO) 4QFY21 result was above our estimates. Strong recovery witnessed across all categories (essential and discretionary). Food portfolio grew fastest (+134%YoY) and reached Rs 3bn mark. Parachute Coconut Oil, VAHO and Saffola continued strong revenue growth trend driven by penetration and market share gains. Revenue from rural India grew faster than urban India. Input cost pressure continued to impact gross margin (GM declined for 3rd consecutive quarter). MRCO has taken c. 15% and 4% price hike in Saffola Edible oil and Coconut oil during 4QFY21 to address input cost inflation. Management expects inflation in raw material cost to subside by 2HFY22....

Number of FII/FPI investors increased from 881 to 1031 in Jun 2025 qtr.

Marico Ltd.

01 May 2021

725.85

2.00%

Marico

Buy: Marico Ltd.

ICICI Securities Limited

We believe tailwind of healthier food consumption is expected to grow the foods & Saffola business in the next two to three years. Moreover, hair oils categories are also expected to witness strong growth with a mix of volumes and price hikes. It is also clear that Marico is looking to gain volumes and market share by not tinkering with prices too frequently. We maintain our...

Marico Ltd.'s price crossed above 100Day SMA today

Marico Ltd.

30 Apr 2021, 12:00AM

725.85

2.00%

Q4FY21 Result Update - Ideal mix of growth and Value; Accumulate

Accumulate: Marico Ltd.

Target

Prabhudas Lilladhar

MRCO reported robust volume growth across categories while gross margins disappointed due to inflation in key RM prices. Although we expect volume growth to trend lower and margin pressure to sustain for next 2/3 quarters, outlook remains positive on account of 1) strategy to push volumes working in high inflationary environment in Parachute and VAHO 2) Improv ed competitive positioning of Saffola with double digit growth from 6 quarters, 3) Opportunity in Foods business with target of Rs 8.5bn revenue by FY24 and 4) Focus to increase rural reach by 25% in next 2 years. We believe near...

Marico Ltd.'s price crossed above 50Day SMA today

Marico Ltd.

03 Feb 2021

725.85

2.00%

MARICO INDUSTRIES LTD

Buy: Marico Ltd.

Target

Geojit BNP Paribas

Marico retains a strong foothold in the rural and semi-urban regions. With economic activities on the rise and demand for its products returning to near-normal levels, Marico's performance should continue to improve further from hereon. We reiterate our BUY rating on the...

Marico Ltd. is trading above all available SMAs

Marico Ltd.

29 Jan 2021

725.85

2.00%

Marico: Q3FY21 Result Review

Accumulate: Marico Ltd.

Recommendation Target

IDBI Capital

Marico (MRCO) 3QFY21 result was in line with our estimates. Strong recovery is witnessed across all categories (essential and discretionary). Food portfolio grew fastest (+74%YoY) followed by VAHO (+21%YoY) and Saffola (+17%YoY). Parachute reported volume growth of 8% YoY, ahead of the company's medium term aspiration of 5-7%. Traditional trade and e-com continued to outperform while modern trade reached precovid level. Revenue from rural India grew faster than urban India. Input cost remained largely inflationary. MRCO's new launches of Honey and Arogyam Chyawan Amrut are tracking well. Management expects near term demand to remain favorable. We broadly maintain our estimates. Due to rally in stock price our revised rating stands at...

Marico Ltd.'s price crossed above 50Day SMA today

Marico Ltd.

29 Jan 2021

725.85

2.00%

Marico

Buy: Marico Ltd.

Recommendation Target

ICICI Securities Limited

The hair oil categories has been saturated and seen a cyclical growth trends with inflationary price movement. Parachute & VAHO is expected to witness strong volume growth in medium term largely due to low base effect in next few quarters. Moreover, with the promotional offers taken off (effective price increase of 5%), prices are also likely to contribute to the revenue growth. Further, the management indicated impact of tapering down of copra prices would not result in any prices hikes & the company would be able to maintain its current margins. We expect overall revenue growth of 9.5%...

Marico Ltd.'s price crossed above 50Day SMA today

Marico Ltd.

28 Jan 2021

725.85

2.00%

Q3FY21 Result Update - All growth levers in place; Accumulate

Accumulate: Marico Ltd.

Target

Prabhudas Lilladhar

We are increasing FY21/22/23 EPS estimates marginally by 1.8/3.3/7.1% and our rating from Hold to Accumulate. MRCO has given optimistic outlook based on 1) Double digit volume growth in VAHO, 2) steady growth in parachute and Saffola and 3) scalability in oats and Honey with a target of Rs4.5-5bn sales by FY22 4) integration of Beardo acquisition 5) Structural cost savings of Rs 1.5bn in domestic business and 6) Improving growth outlook in Bangladesh and recovery in MENA. Although MRCO is near term input cost pressure in edible oils, LLP and Parachute, it has taken 15-20%...

Marico Ltd.'s price crossed above 100Day SMA today

Marico Ltd.

29 Oct 2020

725.85

2.00%

Volume growth a surprise; Likely to remain healthy

Buy: Marico Ltd.

Target

Motilal Oswal

Marico's (MRCO) 2QFY21 earnings were largely in line, barring the 11% volume growth (v/s est. 7.3%). Over the past year, MRCO has witnessed remarkable recovery in its key segments Parachute, Saffola and more recently in case of VAHO. Importantly, the outlook remains strong with guidance of 8-10% volume growth in 2HFY21 as well. While the stock is up 40% since our upgrade in Mar'20, robust sales outlook and inexpensive valuations (37x FY22E, 20% discount to peer average),...

Marico Ltd. has an average target of 804.71 from 7 brokers.

Is Marico Ltd. worth buying?

517 Votes:

Buy 74.27%

Sell 14.51%

Hold 11.22%

RESEARCH REPORTS

Buy SEE REPORTS >

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Accumulate SEE REPORTS >

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