Goldman Sachs has maintained a Buy rating on Marico, with a target price of ₹715, following key takeaways from recent non-deal roadshows (NDR). The firm highlights that Marico’s growth agenda remains on track, with management reiterating their expectation of double-digit growth in their India business starting from FY25.
Marico has successfully scaled its foods business by 4x over FY20-24 and is targeting to double this segment’s growth over the next three years. Additionally, the company’s international business remains steady, contributing to its overall growth trajectory.
These developments position Marico for robust performance in the coming years, backed by strong domestic and international market strategies.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
