Marico shares are in focus after the company reported a solid Q3FY25 performance, with Nomura maintaining a Buy rating and a target price of ₹800, implying a potential 19% upside from the current market price of ₹670.85.
Nomura highlighted that Marico delivered strong sales growth, which came in above estimates, while EBITDA was in line with expectations. The company’s recent price hikes in its flagship Parachute brand are expected to further support both revenue growth and margin expansion in the coming quarters. This strategic pricing move is anticipated to cushion the impact of input cost fluctuations and strengthen profitability.
Additionally, Nomura noted that Marico’s growth business segment continues to demonstrate robust performance and is on track to becoming profitable. The strong momentum in this segment reflects the company’s focus on diversifying its product portfolio and expanding into high-growth categories.
With a combination of strong core brand performance and promising growth in new business segments, Nomura believes Marico is well-positioned to sustain its positive trajectory. The stock’s outlook remains favorable, supported by strategic pricing actions and continued innovation in its product offerings.
(Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.)