Marico's India business shows resilient demand despite industry volatility--analysts

Marico

06/10/2026 05:56

** Consumer goods company Marico Ltd's MRCO.NS India business is expected to touch double-digits y/y in Q2 FY27, beating street expectations
** Nomura which had expected India volume growth of 8.5% said co's India volumes will be driven by better-than-expected growth in Parachute Coconut Oil
** Brokerage has a "buy" rating on the stock; TP of 1,000 rupees
** CLSA ("underperform", TP of 780.10 rupees) had expected an underlying volume growth of 9% for Marico's India business
** However, co sees overall operating profit to grow in mid-twenties in Q2 vs CLSA's outlook of growth of 30.6%
** Analysts at Macquarie view co's handling of copra cost moderation during the quarter positively
** 31 out of 38 analysts rate the stock "buy" or higher, median TP of 965 rupees
** Shares of co down 0.5% at 786.05 rupees; YTD, shares up 5.4%
     
     

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))