Marico Ltd. Share Price

Rural Demand Concerns; Urban Consumer Stocks Preferred

Analysts remain watchful on rural demand amid a wider-than-expected monsoon deficit and strengthening El Niño conditions. However, they continue to favour consumer companies with greater urban exposure, strong pricing power and established brands. The preferred picks in consumer staples are Marico and Tata Consumer, both rated Buy. In the consumer discretionary segment, the top picks are Titan and United Spirits, also rated Buy. Current inflation environment and mid-single-digit price increases remain manageable. However, further product price hikes or any adverse impact on agricultural yields could put additional pressure on consumption and rural demand. The report also highlighted the risk of weaker demand for winter-focused products such as cold creams, lotions and Chyawanprash if warmer winters persist. Monsoon conditions have emerged as a key concern. Rainfall in August, which typically contributes around 30% of the season’s total rainfall, was 16% below normal across several parts of the country. Cumulative rainfall between June and August was around 14% below normal, compared with the full-season forecast of a 10% deficit. The India Meteorological Department expects September rainfall to remain below normal, at less than 91% of the long-period average, adding to concerns over agricultural output and rural consumption. At the same time, ample government foodgrain stocks could provide some relief on the inflation front. As of August 1, rice stocks stood at around three times the prescribed buffer norm, while wheat stocks were approximately 1.8 times the buffer requirement. Overall, while near-term consumption remains relatively resilient, analysts are maintaining a cautious stance on rural demand and favouring consumer companies with stronger urban exposure, pricing power and resilient brands.

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Marico Limited Water Savings Target for FY26

Jalashay Programme and ESG 2030: Marico Limited Jalashay Programme has created 547 crore litres of water conservation potential across Maharashtra, Gujarat, Puducherry, and Tamil Nadu till FY26, in line with its ESG 2030 water-neutrality targets. Q1 FY27: In Q1 FY27, consolidated revenue rose 22.85% YoY to Rs. 3,957 crore, and net profit increased 25% YoY to Rs. 630 crore. The current share price is Rs. 830.9. FY27/28 EPS estimates:

’s FY27/28 EPS estimates by 4.9%/3.2%, citing strong volume growth, lower tax rates, and sustained demand. Marico targets over Rs150bn sales and 150bps margin expansion by FY27, aiming for Rs200bn sales by 2030. Prabhudas Lilladher has raised Marico’s FY27/28 EPS estimates by 4.9%/3.2%, citing strong volume growth, lower tax rates, and sustained demand. Marico targets over Rs150bn sales and 150bps margin expansion by FY27, aiming for Rs200bn sales by 2030.

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Marico Q1 FY27 Results: Profit Up 25%, Revenue Up 23%

Marico Limited reported consolidated Q1 FY27 results for the quarter ended 30 June 2026 on 4 August 2026. Q1 FY27 numbers (consolidated): Revenue from operations: Rs 3,957 crore, up 22.9% YoY from Rs 3,221 crore EBITDA: Rs 819 crore, up 25% YoY; margin 20.7%, up 40 bps PAT: Rs 630 crore, up 25% YoY from Rs 504 crore, fastest in 28 quarters; EPS Rs 4.86 India underlying volume growth 11%, a multi-quarter high; international constant currency 15% Lower copra prices aided margins. Two comparability notes from the company: the quarter consolidates the 75% Skinetiq (Vietnam) acquisition from 2 April 2026, and an accounting change nets certain A&P spends against revenue, so headline growth is not directly comparable with last year. Guidance: FY27 revenue past Rs 15,000 crore, high-teens EBITDA growth, high single digit India volumes, mid-teens international. Marico [][***** shares trade at Rs 840.54 (19 Aug 2026, 11:26 AM IST), up 20 percent over one year, flat over the past month, 5 percent below the 52-week high of Rs 884. Trailing P/E near 58. My view: the cleanest large FMCG print of the season, volume led rather than price led, but the stock is already paying for it. At 58x trailing, 44x even on Q1 annualised, against guided high single digit volumes, fresh entry near the highs carries a thin margin of safety, and part of the 23% headline is acquisition and accounting, not organic. Hold territory, add only on weakness. Levels: Rs 827 to 836 is the August base to hold; the Rs 884 to 889 band is the ceiling, and a close above it with organic growth intact opens new highs. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.

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Patanjali Foods Eyes ₹2,500 Cr Annualised EBITDA; FMCG Growth Guided at 10-12%+

remains confident of scaling annualised EBITDA to ₹2,500 crore over the next 18 months. The company expects modern trade and e-commerce contribution to rise from 15% currently to around 20% in the same period. FMCG revenue is projected to grow 10–12%+ year-on-year. For FY27, it aims to maintain 16–18% EBITDA margin on its DSP business and is currently tracking slightly above 18%, supported by brand investments and distribution expansion. Top stocks in the FMCG / edible oils industry: Marico, Adani Wilmar, and Hindustan Unilever.

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PRE MARKET EDGE----> Nifty Near Support, Global Cues Muted — Can the Previous Supports Zone Hold Again?

Indian markets enter today's session at an interesting technical point. Crude Oil is broadly holding around the same elevated levels, while global markets remained largely muted with Wall Street seeing some weakness. But the bigger point is Nifty's current position. The Index is now trading near the lower end of its recent range, and this zone also represents a strong confluence of support because it is close to the area from where the previous breakout started. @@This makes today's session important. Global Cues Remain Mixed Crude Oil Crude continues to remain elevated after its recent rise. US Markets: No Major Positive Trigger Wall Street remained relatively subdued in the previous session, with technology stocks continuing to face some pressure. ------>FII-DII Activity: Cash Market Muted, Derivatives Cautious Institutional Activity — 11 August 2026 Segment FII DII Cash Market +₹258.55 Cr +₹24.77 Cr Index Futures -₹646.70 Cr — Index Options -₹24,774.12 Cr — Stock Futures -₹920.73 Cr — Stock Options -₹651.97 Cr — The key takeaway is that cash-market activity remained almost muted. FIIs were marginal buyers of around ₹259 crore, while DIIs bought just around ₹25 crore. ##Nifty at an Important Support Confluence Previous Breakout Zone + Current Lower Range + Technical Support If Support Breaks A decisive breakdown could indicate that the previous breakout structure is losing strength and may bring additional selling pressure. @@STOCKS ON RADAR ( FMCG / OIL & GAS )

!ONGC !GODREJCP !MARICO !HINDUNILIVER -------->Bottom Line Nifty is back near the zone where the previous breakout began — and that makes this support extremely important. FII-DII cash activity is relatively muted, while FII derivatives positioning remains cautious. That means technical support could play an even bigger role in today's session.

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Targets Sustained FY27 Growth Following Record-Breaking Q1 Volume Gains

achieved its highest domestic volume growth in 20 quarters with an 11% increase in Q1FY27, driving consolidated revenue to ₹3,957 crore (up 22.8% YoY) and net profit to ₹652 crore (up 27% YoY). Management aims to sustain high single-digit volume growth with double-digit spurts in upcoming quarters. Easing Rural and Commodity Pressures: Concerns over rural demand have significantly abated as monsoon deficits narrowed through early August. Additionally, a ~45% drop in copra raw material costs enabled targeted price reductions on large family packs of Parachute, successfully boosting consumer volume. Expansion Beyond Edible Oils: While Saffola edible oil volumes saw a high single-digit decline, Marico is shifting focus toward premium cold-pressed oils. The company plans to expand Saffola’s food portfolio to account for ~50% of its revenue over the next 3 to 5 years, up from 30% currently. Core Growth Pillars and Strategic Amalgamations: Future diversification will hinge on four primary products: Parachute Advansed Protein Shampoo, Parachute Advansed Almond Oil, Saffola Cold Pressed Oil, and Muesli. Marico is also streamlining operations by merging recently acquired digital-first brands like Beardo and Just Herbs into the parent firm to unlock cost synergies. Positive Financial and Margin Outlook: Brokerages project a strong profitability rebound across FY27–FY28 driven by lower copra input costs, enhanced direct retail reach via Project SETU, and an upgraded high-margin product mix, despite a temporary 3.1% share price dip to ₹847 following the news.

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