Street View: Strong volumes, premiumisation to boost growth for India's Marico
BUZZ-Street View: Strong volumes, premiumisation to boost growth for India's Marico ** Indian consumer goods maker Marico MRCO.NS reported quarterly profit above market expectations, helped by steady demand and lower prices of a key raw material
** Shares down 2% at 858.90 rupees
STRONG VOLUMES FUEL OPTIMISM
** UBS ("neutral", PT: 930 rupees) says MRCO posted a strong first-quarter beat, led by India volume growth, robust performance in Parachute, VAHO and Foods, and margin expansion
** Macquarie ("outperform", PT: 965 rupees) says industry-leading volume growth and better margins drove the earnings beat and expects FY27 EBITDA growth to approach 20%, supported by core brands and premium portfolios
** HSBC ("buy", PT: 1,020 rupees from 1,010 rupees) says easing copra costs, strong execution and portfolio diversification support a re-rating
** BOB Capital Markets ("hold", PT: 965 rupees) says strong execution, lower copra costs and premiumisation support FY27 guidance with brokerage expects double-digit revenue growth and high-teen EBITDA growth
(Reporting by Kashish Tandon in Bengaluru)
((kashish.tandon@thomsonreuters.com; 8800437922))
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