NSE: MARICO | BSE: 531642

Expensive Rocket

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743.20 -4.95 (-0.66%)

New 52W High in past week

868.6K NSE+BSE Volume

NSE 20 Nov, 2025 12:39 PM (IST)

96,462.6

Market Cap

High in industry

0.6

Beta 1Year

Very Low volatility

Analyst Buy

Marico rises as Motilal Oswal retains ‘Buy’ on strong domestic sales and improving profit outlook See details

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.

28 Jan 2022

743.20

-0.66%

MARICO LIMITED

Accumulate: Marico Ltd.

Target

Prabhudas Lilladhar

IBD posted 18% growth across geographies & likely to continue in near term. We are upgrading MRCO to Accumulate (Hold earlier) as the stock offers value at 34.2xFY24 EPS with ROE/ROCE of 44.8%/55% and ~80% dividend payout post ~19% correction from peak. 3Q volumes disappointed a bit on...

Marico Ltd. has an average target of 824.33 from 9 brokers.

Marico Ltd.

29 Oct 2021

743.20

-0.66%

Marico: Q2FY22 Result Review

Buy: Marico Ltd.

Recommendation Target

IDBI Capital

Input cost pressure impacts operating profit margins Gross margin contracted 556bp YoY (for 5rth consecutive quarter) to 42% due to input cost pressure. However, tight cost control reduced the impact on EBITDA margin contraction to 207bp YoY to 18%. EBITDA and APAT grew 9%YoY and 3%YoY...

Marico Ltd. has an average target of 824.33 from 9 brokers.

Marico Ltd.

29 Oct 2021

743.20

-0.66%

Result broadly in line; gross margin said to improve

Buy: Marico Ltd.

Target

Motilal Oswal

MRCO maintained its positive trajectory in the Foods business. The management reiterated its sales target at INR5b by the end of FY22. Honey, Oodles, and Soya Chunks continue to do well, with strong market share and leadership position within their categories. With a sales target of INR4.5-5b by FY24 from digital first brands, there is a much required diversification in the portfolio, boosting its medium-to-longterm topline growth prospects. With sustained healthy topline momentum in its core brands now allied with newer revenue streams, higher P/E multiples compared to the past are...

Marico Ltd. has gained 25.76% in the last 1 Year

Marico Ltd.

28 Oct 2021

743.20

-0.66%

Q2FY22 Result Update - Near term headwinds: wait for better entry point - HOLD

Hold: Marico Ltd.

Target

Prabhudas Lilladhar

Copra prices down 11% sequentially and 5% YoY. Expect GRM's to improve in Q3 and Q4, EBIDTA margin recovery by 4Q only due to inflation. We are cutting FY22EPS by 4.1% on input cost pressures and higher ad spends post 2Q22 while FY23/24 EPS is expected to increase by 0.1%/1.9% as margins normalize to ~19% range. We expect volume growth in both Saffola and Parachute to moderate to long term trajectory. Medium term outlook remains positive given that 1) Softening of Copra prices will aid...

Marico Ltd. has an average target of 824.33 from 9 brokers.

Marico Ltd.

05 Aug 2021

743.20

-0.66%

MARICO INDUSTRIES LTD

Buy: Marico Ltd.

Recommendation Target

Geojit BNP Paribas

Displaying resilience, Marico reported strong all-round performance in the midst of a quarter impacted by a lockdown-induced slowdown. Company witnessed ample recovery in margins and we expect further improvements from current levels in the coming quarters. Maintaining a positive outlook, we upgrade our rating on the stock to BUY with a revised target price of Rs. 590 based on 50x FY23E adj. EPS. Volumes and demand growth aids topline During Q1FY22, Marico reported a broad-based recovery on the back of revival in...

Marico Ltd. has gained 25.76% in the last 1 Year

Marico Ltd.

01 Aug 2021

743.20

-0.66%

Marico

Buy: Marico Ltd.

Target

ICICI Securities Limited

EBITDA was at | 481 crore, up 3.1% YoY, with margins at 19% Consequent PAT was at | 365 crore (down 5.3% YoY) What should investors do? Marico's share price has given 84% return in the last...

Marico Ltd. has an average target of 824.33 from 9 brokers.

Marico Ltd.

31 Jul 2021

743.20

-0.66%

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. has gained 25.76% in the last 1 Year

Marico Ltd.

31 Jul 2021

743.20

-0.66%

In line result; gross margin likely to have troughed

Buy: Marico Ltd.

Target

Motilal Oswal

MRCO's 1QFY22 result was in line with our expectations. Sales momentum continues to remain healthy. With Copra prices sharply declining from their peak in recent months, coupled with price increases taken, the...

Marico Ltd. has an average target of 824.33 from 9 brokers.

Marico Ltd.

04 May 2021

743.20

-0.66%

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...

Marico Ltd. has an average target of 824.33 from 9 brokers.

Marico Ltd.

02 May 2021

743.20

-0.66%

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....

Marico Ltd. has gained 25.76% in the last 1 Year

Is Marico Ltd. worth buying?

524 Votes:

Buy 74.24%

Sell 14.5%

Hold 11.26%

RESEARCH REPORTS

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