No stock data available
Marico Share Price: The stock markets expected to witness major swings this week amid the Middle East tensions and the Reserve Bank of India (RBI) set to announce its monetary policy decision on April 8. While some stocks are believed to maintain their positions, others will likely face hurdles. One such homegrown FMCG stock is Marico Limited, which has received a bullish outlook from brokerage firm Goldman Sachs.
Mumbai-based Marico operates in global beauty and wellness verticals. The company has presence in more than 25 countries, majorly focused on Asian and African markets. It counts hair care, skin care, edible oils, healthy foods, male grooming and fabric care, among its product portfolio.
Marico Gets ‘BUY’ Rating
Goldman Sachs has maintained a ‘Buy’ rating on Marico Limited. The brokerage firm’s coverage on the company comes a few days after its forecast for the fourth quarter of fiscal year 2026.
The brand, behind Saffola and Parachute, is eyeing double-digit year-on-year growth in operating profit for the fourth quarter.
Goldman Sachs has set a target price of Rs 860 on Marico Limited, which aims for robust and effective internal strategies although geopolitical tensions are under the watch.
Key Takeaways From Goldman Sach’s Coverage On Marico
– Revenue growth above 20 per cent year-on-year (YoY), reflecting strong operating momentum.
– India volumes in high single digits, indicating steady demand.
– Value-added hair oils continue strong growth above 20 per cent.
– Copra prices down ~35 per cent, supporting gross margin expansion.
– Global business remains strong with high-teens constant currency growth.
Marico Ltd reported a 25 per cent year-on-year (YoY) growth in its consolidated profit after tax at Rs 486 crore in the third quarter of the financial year 2025-26, led by a high single-digit volume growth from the Indian market. It had posted a net profit of Rs 389 crore in the October-December period a year ago.
On a sequential basis, the company’s profit increased by 6.43 per cent from Rs 420 crore reported in Q2 FY26.
Marico’s revenue from operations, known for brands like Saffola cooking oil and Set Wet hair gel, rose by 26.6 per cent YoY to Rs 3,537 crore in the reporting quarter. It was at Rs 2,794 crore in the corresponding period a year ago.
This revenue growth was led by an “underlying volume growth of 8 per cent in the India business and constant currency growth of 21 per cent in international business”, said an earnings statement from Marico, which owns popular brands like Saffola, Parachute, and Livon.
Marico’s earnings before interest, taxes, depreciation and amortisation (EBITDA) went up 11.1 per cent YoY at Rs 592 crore in Q3 FY26 versus Rs 533 crore in the September quarter of FY26.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
