Street View: Brokers back India's Marico to outperform peers

Marico

06/05/2026 05:27

** Marico MRCO.NS shares jump about 3% to 832.20 rupees

** FMCG major posted 14% y/y rise in Q4 profit, forecast FY27 consolidated revenue above estimates

FY27 GUIDANCE, MARGIN RECOVERY DRIVE OPTIMISM

** BofA ("buy"; TP: 875 rupees) says easing copra prices, steady volume growth should help sustain outperformance

** Goldman Sachs ("buy"; TP: 900 rupees) says co has strong visibility on FY27 growth, aided by momentum in foods, premium personal care segments

** Nomura ("buy"; TP: 950 rupees) says co's upgraded FY27 guidance is rare in current environment

** Jefferies ("buy"; TP: 960 rupees) says co well-placed among staples peers due to strong India volume growth, premiumisation trends

** Investec ("buy"; TP: 909 rupees) says Marico among its top staples picks

** CLSA ("underperform"; TP: 519 rupees) says demand in key categories could moderate as price-led growth normalises

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))