Broker maintains Buy on Marico with ₹1,000 target on Parachute recovery and hair oil strength
Broker reiterates Buy on Marico (CMP ₹838.95, target ₹1,000), citing 26% revenue and 11% APAT growth in FY26. Copra prices down 45% aid Parachute volume recovery despite 15-20% price cuts; value-added hair oils grow 20%. International push cuts Bangladesh reliance to 45% of overseas mix. Valued at 50x FY28 P/E.
Broker maintains Buy on Marico with ₹1,000 target, citing strong FY26 results, Parachute volume recovery on lower copra prices, 20%+ hair oil growth, and international diversification away from Bangladesh.
Why this matters
The Buy call builds on Marico's steady India volume growth in Q3 FY26 and its stated goal to double revenue to Rs 200bn by FY30 via VAHO recovery and foods, reinforcing the growth thesis.
Retail-company signals accelerating, up 660400% QoQ.