|
09 Sep 2025 |
Marico
|
Consensus Share Price Target
|
732.50 |
794.05 |
- |
8.40 |
buy
|
|
|
|
|
29 Jul 2023
|
Marico
|
ICICI Securities Limited
|
732.50
|
610.00
|
574.35
(27.54%)
|
Target met |
Accumulate
|
|
|
Overall weakness in all key segments (PCNO, VAHO and Saffola) is underwhelming and likely to persist for one more quarter, in our view. However, by H2, the impact of price-deflation on overall portfolio is likely to subside (likely positive revenue growth). Unlike peers, MRCO calls out for no clear signs of rural recovery (sequentially): as GT continues to under-perform (~6% revenue decline).
|
|
28 Jul 2023
|
Marico
|
Sharekhan
|
732.50
|
645.00
|
557.70
(31.34%)
|
Target met |
Buy
|
|
|
|
|
28 Jul 2023
|
Marico
|
Prabhudas Lilladhar
|
732.50
|
581.00
|
574.35
(27.54%)
|
Target met |
Hold
|
|
|
|
|
16 May 2023
|
Marico
|
Geojit BNP Paribas
|
732.50
|
598.00
|
536.15
(36.62%)
|
Target met |
Buy
|
|
|
|
|
09 May 2023
|
Marico
|
Sharekhan
|
732.50
|
645.00
|
536.90
(36.43%)
|
|
Buy
|
|
|
|
|
06 May 2023
|
Marico
|
ICICI Securities Limited
|
732.50
|
560.00
|
493.60
(48.40%)
|
Target met |
Accumulate
|
|
|
Positives in the 4QFY23 results are (1) continued volume growth in Parachute led by market share gains, (2) strong recovery in value-added hair oil driven by outperformance in premium portfolio while lower competitive intensity in bottom- of pyramid, (3) value/volume market share gains in all key segments and (4) healthy revenue growth in international market.
|
|
06 May 2023
|
Marico
|
ICICI Direct
|
732.50
|
570.00
|
493.60
(48.40%)
|
Target met |
Buy
|
|
|
|
|
06 May 2023
|
Marico
|
Motilal Oswal
|
732.50
|
590.00
|
493.60
(48.40%)
|
Target met |
Buy
|
|
|
|
|
05 May 2023
|
Marico
|
Sharekhan
|
732.50
|
645.00
|
530.70
(38.03%)
|
|
Buy
|
|
|
|
|
18 Feb 2023
|
Marico
|
ICICI Securities Limited
|
732.50
|
560.00
|
489.50
(49.64%)
|
Target met |
Accumulate
|
|
|
Consensus (including us) has four expectations from Marico – (1) drive market share gains led volume growth in coconut oil portfolio, (2) consistency in the performance of VAHO (value added hair oil) with expansion into premium segment, (3) drive penetration-led volume growth in Saffola edible oil, and (4) continued revenue momentum in Foods (to provide comfort on the expansion of Saffola franchise).
|