India's Marico hits record high on strong Q4; brokerages upbeat on growth

Marico

05/05/2025 05:33

** Marico MRCO.NS rises 4.8% to a record high of 732 rupees; top gainer on Nifty FMCG index .NIFTYFMCG, up 0.8%

** Consumer goods maker posts 8% y/y rise in Q4 profit, above analysts' estimate; revenue grows 20%, led by price hikes

** Sees co's results as an outperformance among peers, citing strong domestic volume, value growth

** ICICI Securities views strong double-digit revenue growth in H1 FY26, driven by recent price hikes

** Antique Stock Broking maintains "buy"; raises PT to 765 rupees from 730 rupees

** Prabhudas Lilladher retains "accumulate"; raised PT to 718 rupees from 672 rupees

** Stock rated "buy" on avg; median PT is 765.5 rupees, per data compliled by LSEG

** MRCO gains 9% YTD

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))