Marico Limited (IN:MARICO)
:MARICO
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Marico Limited
(MARICO)
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Rating:69Neutral
Price Target:
₹887.00
▲(13.83% Upside)
Action:ReiteratedDate:10/17/25
Marico Limited's strong financial performance is the most significant factor, supported by solid revenue and profit growth and efficient management. Technical analysis shows a positive trend, though short-term indicators suggest caution. The high P/E ratio indicates a premium valuation, which may limit upside potential. Overall, the stock is well-positioned but may face valuation challenges.
Positive Factors
Revenue and Margin Strength
Consistent top-line growth paired with strong gross (50.26%) and net (15.04%) margins indicates durable core profitability. This supports long-term cash generation, funds brand investment and premiumization, and reduces reliance on volume alone to sustain earnings over the coming months.
Negative Factors
Commodity Input Exposure
Material reliance on commodity-linked inputs like coconut/copra and edible oils exposes margins to raw-material volatility. Over a 2-6 month horizon, adverse commodity moves or limited ability to fully pass costs through could pressure profitability and require pricing or mix adjustments.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Strength
Consistent top-line growth paired with strong gross (50.26%) and net (15.04%) margins indicates durable core profitability. This supports long-term cash generation, funds brand investment and premiumization, and reduces reliance on volume alone to sustain earnings over the coming months.
Read all positive factors
Marico Limited (MARICO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.02T
Dividend Yield1.42%
Average Volume (3M)43.30K
Price to Earnings (P/E)54.6
Beta (1Y)0.45
Revenue Growth25.33%
EPS Growth6.63%
CountryIN
Employees1,834
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)3.50
Shares Outstanding1,298,148,900
10 Day Avg. Volume38,273
30 Day Avg. Volume43,297
Financial Highlights & Ratios
PEG Ratio5.23
Price to Book (P/B)21.13
Price to Sales (P/S)7.82
P/FCF Ratio69.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹900.00Price Target Upside15.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)16.33
Revenue Forecast (FY)₹147.67B
Marico Limited Business Overview & Revenue Model
Company Description
Marico Limited, together with its subsidiaries, manufactures and markets consumer products. It offers coconut oils, hair oils, refined edible oils, anti-lice treatments, fabric care, immunity boosting and healthy foods, hair gels, hair serums, sha...
How the Company Makes Money
Marico generates revenue primarily through the sale of its consumer products across multiple categories. The company's key revenue streams include the sale of hair oils, which is one of its largest segments, as well as health foods and cooking oil...
Marico Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.67B | 107.33B | 95.73B | 96.89B | 94.52B | 79.91B |
| Gross Profit | 53.25B | 50.45B | 45.63B | 40.80B | 37.47B | 34.63B |
| EBITDA | 23.82B | 23.29B | 21.42B | 19.29B | 17.56B | 16.85B |
| Net Income | 16.66B | 16.29B | 14.81B | 13.02B | 12.25B | 11.72B |
Balance Sheet | ||||||
| Total Assets | 86.79B | 83.38B | 74.21B | 69.46B | 57.86B | 55.10B |
| Cash, Cash Equivalents and Short-Term Investments | 16.91B | 21.52B | 12.01B | 13.38B | 12.18B | 15.07B |
| Total Debt | 6.99B | 5.54B | 5.28B | 6.08B | 4.79B | 5.10B |
| Total Liabilities | 44.73B | 40.72B | 32.52B | 29.90B | 23.81B | 22.52B |
| Stockholders Equity | 40.52B | 39.75B | 38.32B | 37.99B | 33.48B | 32.40B |
Cash Flow | ||||||
| Free Cash Flow | 5.59B | 12.02B | 12.83B | 12.37B | 8.84B | 19.26B |
| Operating Cash Flow | 7.01B | 13.63B | 14.36B | 14.19B | 10.16B | 20.68B |
| Investing Cash Flow | 6.00B | -6.21B | 1.76B | -8.65B | 4.25B | -9.38B |
| Financing Cash Flow | -12.03B | -6.49B | -15.42B | -5.60B | -12.90B | -10.58B |
Marico Limited Technical Analysis
Positive
779.20
Price Trends
762.08
Negative
751.73
Positive
735.07
Positive
Market Momentum
-2.37
Negative
51.04
Neutral
38.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MARICO, the sentiment is Positive. The current price of 779.2 is above the 20-day moving average (MA) of 748.49, above the 50-day MA of 762.08, and above the 200-day MA of 735.07, indicating a neutral trend. The MACD of -2.37 indicates Negative momentum. The RSI at 51.04 is Neutral, neither overbought nor oversold. The STOCH value of 38.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MARICO.
Marico Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹58.82B | 24.48 | ― | ― | 20.72% | 57.65% | |
69 Neutral | ₹1.02T | 54.57 | ― | 1.42% | 25.33% | 6.63% | |
67 Neutral | ₹5.47T | 20.59 | ― | 1.84% | 3.52% | 35.08% | |
66 Neutral | ₹802.33B | 39.88 | ― | 1.62% | 3.48% | 2.69% | |
64 Neutral | ₹202.50B | 18.06 | ― | 1.91% | 2.14% | 0.13% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹1.11T | 62.79 | ― | 1.67% | 7.29% | ― |
* Consumer Defensive Sector Average
IN:MARICO
Marico Limited
781.10
76.57
10.87%
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Marico Limited Corporate Events
Marico Issues 17,077 Equity Shares Under ESOP 2016, Minor Capital Increase
Feb 24, 2026
Marico Limited has allotted 17,077 equity shares of face value Re. 1 each under its 2016 Employee Stock Option Plan to eligible employees following the exercise of stock options. The issuance, which slightly increases the company’s paid-up s...
Marico Completes Acquisition of 4700BC Popcorn Owner Zea Maize
Jan 29, 2026
Marico Limited has completed the acquisition of a 93.27% stake in Zea Maize Private Limited, the company that owns the premium popcorn brand 4700BC, from PVR INOX Limited, effective January 29, 2026, making Zea Maize a subsidiary. The deal signals...
Marico to Acquire Majority Stake in Gourmet Snacking Brand 4700BC Owner Zea Maize
Jan 26, 2026
Marico Limited has signed definitive agreements to acquire 93.27% of Zea Maize Private Limited, owner of the premium gourmet snacking brand 4700BC, from PVR INOX Limited for up to Rs 226.83 crore in an all-cash deal, making Zea Maize a subsidiary ...
Marico Files SEBI Dematerialisation Compliance Certificate for December Quarter
Jan 8, 2026
Marico Limited has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025. The certificate, issued by its registrar and ...
Marico Limited Achieves High Sustainability Ratings and Sets Bold ESG Targets
Dec 17, 2025
Marico Limited has achieved dual A- scores in the CDP 2025 assessments for Climate Change and Water Security, marking significant progress in its sustainability efforts. The company also secured a top position in the FMCG sector in the NSE ESG rat...
Marico Limited Achieves ‘Leader’ Status in ESG Rating
Dec 10, 2025
Marico Limited has been assigned an ESG rating of ’78’ for the fiscal year 2025 by NSE Sustainability Ratings Analytics Limited, categorizing it as a ‘Leader’ in environmental, social, and governance performance. This inde...
Marico Limited Increases Share Capital Through ESOP Allotment
Dec 2, 2025
Marico Limited has announced the allotment of 63,494 equity shares under its Employee Stock Option Plan (ESOP) 2016, following the exercise of stock options by eligible grantees. This allotment has resulted in a slight increase in the company̵...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.