Street View: India's Marico in sweet spot as margins poised to rebound

Marico

03/11/2026 04:48

** Consumer goods maker Marico's MRCO.NS raises FY27 revenue and EBITDA growth guidance
** Expects to hit 200 billion rupees ($2.11 billion) revenue target a year earlier by FY29 after quarterly profit jumps 31% and beats analyst expectations
** Shares up 6.6% at 851 rupees
     
MOMENTUM VOLUME GROWTH, MARGIN TAILWINDS 
** Jefferies ("Buy"; PT: 1,035 rupees) says Marico's volume and EBITDA growth are at multi-year highs while peer trends remain patchy
** Systematix ("Buy"; PT: 960 rupees) cites robust volume growth, double-digit revenue growth and a margin rebound of 250 bps over FY27E-FY29E on easing copra prices, product mix and direct-reach efficiencies
** Ambit Capital ("Buy"; PT: 990 rupees) notes co on track for much-needed diversification from slow-growing core portfolio through aggressive scale-up of its non-core portfolio 
** Macquarie ("Outperform"; PT: 965 rupees) highlights broad-based growth, easing input costs amid persistent industry inflation and stronger execution improve earnings visibility
($1 = 94.9000 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)
((Mridula.Kumar@thomsonreuters.com;))