Marico Share Price Target: Marico, an FMCG company, is in focus following its report of an 18.26 per cent rise in consolidated net profit to Rs 408 crore for the fourth quarter ended March 31.
Marico is a component of the BSE 100 and has a market capitalisation of Rs 1,04,773.60 crore. The company is known for products such as Parachute, Saffola, Livon, Set Wet, Nihar Naturals, and others.
Following a strong quarterly performance, brokerages such as Morgan Stanley, Goldman Sachs, and Nirmal Bang have reiterated a neutral to bullish stance on the company’s stock.
Goldman Sachs sees over 11% upside
Goldman Sachs has maintained a Buy rating on Marico with a target price of Rs 900, implying an upside of 11.5 per cent from the current price level.
It further noted that India’s volume growth accelerated to 9 per cent, while the international business remained strong during the quarter. Management upgraded its FY27 EBITDA growth guidance to high teens.
The brokerage also raised its FY27 and FY28 EPS estimates. Additionally, it expects gross margin improvement driven by copra price deflation, supporting a stronger profitability outlook going forward.
Morgan Stanley maintains “Overweight”
Morgan Stanley has maintained an Overweight rating on Marico with a target price of Rs 934. The target implies an upside of around 16 per cent from the current price level.
An “overweight” call means the analyst expects the stock to perform better than the overall market or its peer group.
Echoing similar views to Goldman Sachs, it highlighted that management raised FY27 EBITDA growth guidance to the high teens and remains positive on margin expansion.
Strong growth continued across Parachute, VAHO, and Foods, with healthy domestic volume growth during the quarter. Copra deflation is expected to support gross margins going forward, strengthening the profitability outlook.
Overall, the brokerage remains constructive on the company’s medium-term growth and earnings visibility outlook.
Nirmal Bang sees marginal upside
Nirmal Bang maintains a HOLD rating on Marico with a target price of Rs 860 (6.5 per cent upside).
According to the brokerage, Q4FY26 was largely in line, with a PAT beat due to lower tax. Additionally, demand trends, easing copra prices, and rural recovery support growth and margins. FY27 guidance indicates high single-digit volume growth and high-teen EBITDA growth.
| Brokerage | Marico Share Price Target (Rs) | Upside% |
| Goldman Sachs | 900 (BUY) | 11.5% |
| Morgan Stanley | 934 (Overweight) | ~16% |
| Nirmal Bang | 860 (HOLD) | 6.5% |
Furthermore, total expenses during the quarter stood at Rs 2,889 crore, compared to Rs 2,336 crore a year earlier.
(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.)
