India's Marico set to outperform peers on revenue, volume growth, says BofA

Marico

24/03/2026 07:25

** India's Marico MRCO.NS is set to outperform consumer staples peers on revenue and volume growth, supported by a resilient core portfolio, says BofA Securities

** Earnings growth for MRCO is set to improve as prices of key input copra moderate while crude oil impact is relatively low compared to peers - BofA

** BofA retains "buy" with price target of 860 rupees; MRCO stock up 2.6% to 744 rupees

** BofA estimates 8%/15% revenue/earnings per share CAGR growth over fiscal years 2026-2028, citing recovery in value added hair oils segment, foods, premium personal care businesses

** The average rating of 38 analysts tracking MRCO is "buy"; median price target is 860 rupees, data compiled by LSEG shows

** MRCO shares are down 3.4% in 2026 so far, outperforming the 16% drop in Nifty FMCG index .NIFTYFMCG, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))