Marico Well-Positioned For Sustained Growth, Driven By Several Key Factors, Says Motilal Oswal — Maintains Buy

Marico expects double-digit revenue growth (missing for most peers) in FY26, driven by healthy volume growth, pricing, and continued momentum in the Foods and Premium Personal Care portfolios. While elevated input costs may weigh on margins in the near term, the long-term outlook remains positive, supported by a favorable product mix and premiumization..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Marico Ltd. is focused on achieving steady double-digit growth, driven by the gradually improving trajectory in its core categories, rapid scaling of new-age businesses, and stable growth in international markets. The company is shifting its focus towards value-added products, particularly in foods and premium personal care, with a target of 20-25% CAGR in these segments. Parachute and Saffola demand remain steady despite sharp price hikes (15-20%) implemented to mitigate input cost pressure. Within the Saffola franchise, foods is expected to contribute more than half of the revenues (currently at ~30%) over the next four-five years. Marico’s digital business is growing rapidly, with Plix and Beardo showing strong progress. The company is expanding its direct reach in General Trade through Project SETU and is benefiting from the growth of Quick Commerce, which now accounts for ~3% of India sales. Despite challenges in urban demand, the company’s diversified portfolio and investment in digital channels are positions it for sustained healthy growth. The company expects double-digit revenue growth (missing for most peers) in FY26, driven by healthy volume growth, pricing, and continued momentum in the Foods and Premium Personal Care portfolios. While elevated input costs may weigh on margins in the near term, the long-term outlook remains positive, supported by a favorable product mix and premiumization. We reiterate our Buy rating on the stock with a target price of Rs 775 (based on 50x Mar’27E EPS)..Click on the attachment to read the full report:.'Buy' Brigade Enterprises Maintains Motilal Oswal, Revises Target Price; Sees 44% Upside — Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Marico Well-Positioned For Sustained Growth, Driven By Several Key Factors, Says Motilal Oswal — Maintains Buy

Motilal Oswal models 11%/13% revenue and Ebitda CAGR during FY25-27E and reiterates Buy rating on Marico with a target price of Rs 775 (based on 50x Mar’27E EPS).

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