Orkla India rises after Citi initiates coverage with 'Buy'

Orkla India

06/03/2026 04:07

** Shares of Orkla India ORKL.NS rise 8% to 604 rupees after Citi initiates coverage at "Buy" and TP of 750 rupees

** Stock on course to snap five straight sessions of losses

** Citi says positive view driven by strong category tailwinds, south India market leadership and disciplined portfolio expansion

** Brokerage sees margin gains from favourable mix, operational efficiencies across MTR and Eastern brands

** Sees 9% consolidated revenue growth in FY26–28; expects margins to reach 17.2% by FY28

** Expects net profit to log 9% growth over same period

** Citi says international markets contribute 20% of revenue, growing faster than domestic on diaspora demand, localisation for non‑Indian consumers

** Stock down ~21% since listing in November last year

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))