The FMCG maker reported double-digit volume growth in its India business and expects to cross ₹15,000 crore in revenue while delivering high-teen Ebitda growth in FY27.
Q1FY27 company results: Firms including Deepak Nitrite, Godrej Properties, NHPC, Kalyan Jewellers, Zydus Wellness, and Metro Brands are also to release their April-June earnings today
Among others, Manappuram Finance, Marico, Radico Khaitan, Redington, Welspun Corp, Laurus Labs and Sai Life Sciences also touched respective all-time highs in trade on Thursday.
Ajit Mishra, SVP - research, Religare Broking has recommned buying the shares of Marico, Hindustan Aeronautics, JSW Energy today
Marico will focus on strategy, which will aim at category leadership, premiumisation, market expansion, digital enablement, and continue to guide its priorities & investments, supported by execution
Stock to Watch today, July 3: Hindustan Zinc, Bajaj Housing Finance, LG Electronics India, PB Fintech, and Titagarh Rail Systems are among the top stocks to remain in focus today
Adani Enterprises, Aurobindo Pharma, GMR Airports, Gujarat Flurochemicals, Oracle Financial Services and Star Health Insurance from BSE 500 stocks registered 52-week highs on Wednesday.
According to a recent India Meteorological Department (IMD) release, India recorded 45.6 mm of rainfall by June 20 against the seasonal normal of 84.4 mm, resulting in a 46 per cent shortfall.
Despite global uncertainties, subpar monsoon outlook and volatile commodity prices, FMCG firms have given resilient outlook for FY27 with H2FY27 expected to be better versus H1FY27, say analysts.
In the past one month, the FMCG index has underperformed the market, by falling 5 per cent, as against 2.3 per cent decline in Nifty 50.
While companies have started to pass input cost rise to consumers, inflation, according to G Chokkalingam, founder and head of research at Equinomics Research has not become a major issue yet.
Vijaya Diagnostic Centre was quoting higher for the eight straight trading day, soaring 25 per cent during the period.
For the March quarter of FY26, Marico reported an 18.26 per cent Y-o-Y rise in consolidated net profit to ₹408 crore. Its consolidated revenue from operations stood at ₹3,333 crore.
The consumer sector now faces a delicate balance between sustaining demand and protecting profitability, with inflation once again emerging as the key swing factor
Its consolidated revenue from operations in the fourth quarter stood at ₹3,333 crore compared to ₹2,730 crore in the year-ago period
Kunal Shah Senior Technical Analyst at Mirae Asset Sharekhan believes that Nestle India has given a decisive breakout on the weekly chart, and could potentially rally to ₹1,500-mark on the upside.
Easing geopolitical tensions and softening input costs are lifting overall sentiment in the consumer goods space, said analyst at Mirae Asset Sharekhan.
Marico in an exchange filing said that its revenue in Q4FY26 grew in the low 20s on a year-on-year (Y-o-Y) basis, led by pricing, its hair oil and international business.
Sustained volatility in crude prices could create pressure on gross margins across the FMCG sector, warn analysts.
YES Securities believe Marico stock offers an attractive risk-reward for investors, with over 13 per cent EPS CAGR potential over FY25-28E