Goldman Sachs has reiterated its buy rating on Marico with a target price of ₹830 per share, implying an upside of around 15 percent from the current market price of ₹723.90.
The brokerage said Marico’s ongoing portfolio transformation is poised to drive both revenue and earnings growth in the coming years. It expects recovery in VAHO to accelerate following GST cuts, while profitability in foods and personal care segments should improve further. Moderating copra prices are also likely to provide a boost to EBITDA margins.
On earnings, Goldman Sachs forecasts EPS growth at a compound annual growth rate of 13.5 percent over FY25–28, supported by the company’s margin expansion and stronger topline growth.
Disclaimer: The views and recommendations expressed in this article are those of Goldman Sachs. This publication does not provide investment advice. Readers are advised to consult certified financial advisers before making any investment decisions.
