# Marico (MARICO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/marico

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹897.75
- Change: +1.13%
- As of: 2026-11-06
- 1D return: +1.13%
- 5D return: +12.22%
- 1M return: +15.50%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

Marico (₹897.75) exhibits a strong, established uptrend across daily and monthly horizons, trading near the upper end of its 20-day (+99.4%) and 252-day (+99.6%) ranges. The daily ADX of 31.88 confirms trend strength, supported by price holding above all key moving averages and the Supertrend. Momentum is evident in recent anomalies: an extreme volume surge (+8.17x ratio) accompanied by a +10.0% daily gain on November 3, and another significant weekly move on November 6. A monthly Morning Star pattern remains active, reinforcing the bullish structure. However, the stock’s proximity to resistance levels at ₹902.78 (+0.56%) and ₹908.57 (+1.20%) suggests potential for consolidation or pullback. Immediate support lies at ₹895.27 (-0.28%), with stronger pivots at ₹889.48 (-0.92%). While volatility is moderate (ATR 2.37%), the extended range position warrants caution for new entries.

- Trend Strength: Daily ADX stands at 31.88 (established), with price above all major MAs and Supertrend; monthly ADX is 48.22 (strong).
- Momentum & Participation: Extreme volume-price anomaly on Nov 3 (+10.0% return, 8.17x volume ratio); active monthly Morning Star pattern signals continued bullish intent.
- Key Levels: Resistance at ₹902.78 (+0.56%) and ₹908.57 (+1.20%); immediate support at ₹895.27 (-0.28%), pivot at ₹889.48 (-0.92%).
- Risk Context: Trading at +99.4% of 20-day range; current drawdown is 0.0%, but maximum historical drawdown is -13.4%; monitor for failure to break ₹902.78 as a short-term weakening signal.

- Morning Star
- Doji
- Hammer
- Harami
- Bullish Engulfing Reversal

### News Context

Marico has advanced its ₹20,000 crore revenue target to FY29, aiming to reach this milestone by 2030 through digital-first businesses, premiumisation, and international expansion. The company reported strong double-digit revenue and profit growth in the September quarter, driven by robust demand in foods and premium personal care segments alongside reduced input costs. Consequently, Marico raised its FY27 Ebitda margin outlook to the mid-20% range. While monitoring potential rural demand impacts from a deficient monsoon, the company expects growth momentum to sustain. Brokerage Nomura flagged margin pressure for peers like GCPL and HUL due to rising agri and crude costs but expressed a preference for Marico. Analysts retained 'Buy' ratings following the announcement, which saw the stock rally 9.4%.

- Revenue Target Advanced: Marico moved its ₹20,000 crore annual revenue goal to FY29, with CEO Saugata Gupta expressing an aspiration to achieve it by 2030 via digital, premium, and international growth.
- FY27 Margin Outlook Raised: Following strong September-quarter double-digit revenue and profit growth, the company lifted its FY27 Ebitda margin guidance to the mid-20% range.
- Analyst Preference: Nomura cited Marico as a preferred FMCG name over peers like GCPL and HUL, citing resilience against rising agricultural and crude oil cost pressures.
- Market Reaction: Shares rallied 9.4% after the earnings announcement, with analysts retaining 'Buy' ratings on the back of improved international performance and expansion initiatives.

- [Trusted names, new game: India's FMCG giants reload old guns for changing tastes](https://economictimes.indiatimes.com/industry/cons-products/fmcg/indias-fmcg-cos-like-hul-itc-emami-marico-embrace-consumer-trust-to-innovate-new-products-like-protein-powder-parachute-advansed/articleshow/135597619.cms)
- [Nomura flags margin pressure for GCPL, HUL, paint stocks as agri and crude costs rise; prefers Marico, Tata Consumer](https://www.moneycontrol.com/news/business/stocks/nomura-flags-margin-pressure-for-gcpl-hul-paint-stocks-as-agri-and-crude-costs-rise-prefers-marico-tata-consumer-14071039.html)
- [Marico watchful of deficient monsoon impact on rural demand, expects growth momentum to sustain](https://www.moneycontrol.com/news/business/earnings/marico-watchful-of-deficient-monsoon-impact-on-rural-demand-expects-growth-momentum-to-sustain-14068908.html)
- [Marico sees sustained growth momentum, raises FY27 margin outlook](https://economictimes.indiatimes.com/markets/stocks/earnings/marico-shares-surge-9-4-as-company-lifts-margin-outlook/articleshow/135518090.cms)
- [Marico could reach ₹20,000 crore revenue by 2030: Saugata Gupta](https://www.thehindubusinessline.com/companies/marico-could-reach-20000-crore-revenue-by-2030-saugata-gupta/article71661209.ece)

### What Changed

Marico has initiated a governance change with the provisional appointment of Mr. Rohit Jawa as an Additional Director on November 2, 2026, seeking shareholder approval via postal ballot from November 8 to December 7, 2026. If approved by Special Resolution, his five-year term as Independent Director will commence January 1, 2027. Concurrently, management is scheduled to present at investor conferences in Mumbai on November 16 and 17, 2026. On the commercial front, Marico is leveraging its brand equity to expand into new categories such as protein nutrition and specialized hair care, reporting strong early traction alongside robust quarterly performance across diversified segments. The stock closed at ₹897.75 on November 6, 2026, up from ₹887.75 previously.

- Board Change: Postal ballot for Mr. Rohit Jawa’s appointment as Independent Director (effective Jan 1, 2027) runs Nov 8–Dec 7, 2026; results due Dec 9, 2026.
- Investor Engagement: Management to attend Avendus Spark INDX (Nov 16) and JM Financial Annual India Conference (Nov 17) in Mumbai.
- Strategic Expansion: FMCG peers including Marico are capitalizing on shifting consumer preferences by launching products in protein nutrition, baby care, and health-focused snacks.
- Price Action: Stock traded at ₹897.75 on November 6, 2026, compared to the previous close of ₹887.75.

- [Trusted names, new game: India's FMCG giants reload old guns for changing tastes](https://economictimes.indiatimes.com/industry/cons-products/fmcg/indias-fmcg-cos-like-hul-itc-emami-marico-embrace-consumer-trust-to-innovate-new-products-like-protein-powder-parachute-advansed/articleshow/135597619.cms)
- [Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed a copy of the postal ballot notice along with the explanatory statement, seeking approval of the Members of the Company by way of Special Resolution for appointment of Mr. Rohit Jawa (DIN: 10063590) as an Independent Director of the Company w.e.f. January 1, 2027. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/marico_06112026120813_PBNotice.pdf)
- [MARICO LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1355_WebXMLFile_20261106_135630005.xml)
- [Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Management of the Company will be attending investor conferences as per the details attached. Further, the presentation usually used by the Company officials for such meets is also made available on the Company's website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/marico_05112026173049_Schedule_of_Analyst_meet.pdf)

### Official Filings

Marico’s disclosures for the week ending November 6, 2026, highlight two material developments: a strategic acquisition and a significant leadership transition. The Board approved the acquisition of a 24.09% stake in Plix on a fully diluted basis under definitive agreements dated October 5, 2026, with the remaining 14.09% to be acquired in July 2027, subject to terms. Concurrently, the Board provisionally appointed Mr. Rohit Jawa as an Additional Independent Director, effective January 1, 2027, seeking shareholder approval via postal ballot from November 8 to December 7, 2026. Mr. Jawa will serve a five-year term and brings extensive consumer goods experience, having previously served as Managing Director & CEO of Hindustan Unilever Limited until July 2025. Rajan Bharti Mittal was also appointed Lead Independent Director effective November 2, 2026. While unaudited financial results for the half-year ended September 30, 2026, were approved, specific figures are not provided in the current evidence set.

- Acquisition of Plix: Marico has secured a 24.09% stake (fully diluted) as of October 5, 2026, with a further 14.09% acquisition scheduled for July 2027, contingent on agreement terms.
- Leadership Transition: Mr. Rohit Jawa is proposed as Independent Director for a five-year term starting January 1, 2027; shareholder approval is sought via postal ballot between November 8 and December 7, 2026.
- Governance Update: Rajan Bharti Mittal assumed the role of Lead Independent Director effective November 2, 2026.
- Financial Reporting: Unauidted consolidated results for H1 FY2026-27 were approved by the Board on November 2, 2026, but detailed financial metrics are not included in the supplied filings.

- [Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed a copy of the postal ballot notice along with the explanatory statement, seeking approval of the Members of the Company by way of Special Resolution for appointment of Mr. Rohit Jawa (DIN: 10063590) as an Independent Director of the Company w.e.f. January 1, 2027. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/marico_06112026120813_PBNotice.pdf)
- [MARICO LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1355_WebXMLFile_20261106_135630005.xml)
- [Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Management of the Company will be attending investor conferences as per the details attached. Further, the presentation usually used by the Company officials for such meets is also made available on the Company's website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/marico_05112026173049_Schedule_of_Analyst_meet.pdf)
- [Pursuant to Regulation 47 of the SEBI Listing Regulations, please find enclosed the newspaper extract of the un-audited consolidated financial results of the Company for the quarter and half year ended September 30, 2026, approved by the Board of Directors at its meeting held on November 2, 2026 and published in Financial Express, Free Press Journal (English Daily) and Navshakti (Marathi Daily) today i.e. on November 3, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/marico_03112026163108_SEint.pdf)
- [Please find enclosed outcome of the Board Meeting held on November 2, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/marico_02112026153942_Outcome.pdf)
- [Please find enclosed the Information Update along with an earnings presentation on the un-audited consolidated and standalone financial results of the Company for the quarter and half year ended September 30, 2026. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/marico_02112026154319_SEInt.pdf)
- [Please find enclosed an intimation on the appointment of Mr. Rohit Jawa (DIN: 10063590) as an Additional Director in the capacity of Independent Director. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/marico_02112026155314_Director.pdf)
- [MARICO LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1355_WebXMLFile_20261102_195728543.xml)
- [Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the earnings conference call held on Monday, November 2, 2026 on the unaudited financial results and operations of the Company for the quarter and half year ended September 30, 2026, is available on the Company's website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/marico_02112026203930_Covering_letter.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751509_02112026090214_WEB.xml)

### Fundamentals

Marico’s operating trajectory shows strong top-line momentum but recent sequential margin pressure. For the quarter ended September 2026, sales grew 13% year-on-year to ₹3,897 crore, while net profit rose to ₹558 crore from ₹432 crore a year earlier. However, sequential performance weakened: Q2 FY2026-27 revenue fell to ₹3,897 crore from ₹3,957 crore in Q1, and expenses increased sequentially to ₹3,276 crore from ₹3,215 crore, compressing Profit Before Tax to ₹674 crore from ₹790 crore.

Earnings quality remains robust, with Cash Flow from Operations (CFO) surging to ₹2,084 crore in FY2026 against an Operating Profit of ₹2,328 crore, indicating high cash conversion efficiency. The balance sheet has expanded significantly, with total assets rising to ₹12,378 crore as of September 2026, driven by higher investments and fixed assets. While borrowings increased to ₹1,238 crore, the company maintains a healthy Return on Capital Employed (ROCE) of 47% for FY2026. Ownership structure is stable, with promoters holding 58.84% and Foreign Institutional Investors (FIIs) reducing their stake slightly to 22.25%.

The key checkpoint is whether Marico can stabilize margins in subsequent quarters despite rising input costs or competitive pressures, given the sequential expense increase observed in Q2.

- Sequential Margin Pressure: Q2 FY2026-27 revenue declined to ₹3,897 crore from ₹3,957 crore in Q1, while expenses rose to ₹3,276 crore, reducing PBT to ₹674 crore.
- Strong Cash Generation: CFO reached ₹2,084 crore in FY2026, converting 114% of operating profit into cash, up from 86% in FY2025.
- Balance Sheet Expansion: Total assets grew to ₹1,237.8 crore as of Sep 2026, with borrowings increasing to ₹1,238 crore and ROCE improving to 47%.
- Next Checkpoint: Monitor if sequential revenue and margin trends reverse in Q3, particularly regarding expense control amid rising finance costs.

### Bull Case

Marico presents a constructive case anchored by accelerating financial performance and strategic repositioning. The company reported strong double-digit revenue and profit growth in the September quarter, driven by robust demand in foods and premium personal care segments alongside reduced input costs. This operational strength has led management to raise its FY27 EBITDA margin outlook to the mid-20% range and advance its ₹20,000 crore revenue target from FY30 to FY29. Analysts have retained 'Buy' ratings, with the stock rallying 9.4% following the announcement. Technically, the stock maintains bullish supertrend signals across daily, weekly, and monthly timeframes as of November 6, 2026, with significant upside momentum reflected in a +18.1% year-to-date return and a +25.9% one-year return. While the broader FMCG sector faces margin pressure from rising agricultural and crude oil costs, Marico is preferred by analysts for its resilience. The key condition for sustaining this trajectory is the successful execution of international expansion and digital-first initiatives, which are critical to achieving the accelerated revenue targets.

- Margin Expansion: Management raised FY27 EBITDA margin outlook to the mid-20% range, supported by reduced input costs and strong demand in foods and premium personal care.
- Accelerated Growth Targets: The ₹20,000 crore annual revenue target has been advanced to FY29, with plans to drive growth through digital businesses (targeting double-digit EBITDA margins by end of FY27) and international expansion.
- Technical Strength: Bullish supertrend signals persist across daily, weekly, and monthly charts as of November 6, 2026, with the stock up +18.1% YTD and +25.9% over the past year.
- Analyst Preference: Despite sector-wide margin pressures from rising agri and crude costs, brokerages prefer Marico due to its resilient consumption profile and improving international performance.

- [Trusted names, new game: India's FMCG giants reload old guns for changing tastes](https://economictimes.indiatimes.com/industry/cons-products/fmcg/indias-fmcg-cos-like-hul-itc-emami-marico-embrace-consumer-trust-to-innovate-new-products-like-protein-powder-parachute-advansed/articleshow/135597619.cms)
- [Nomura flags margin pressure for GCPL, HUL, paint stocks as agri and crude costs rise; prefers Marico, Tata Consumer](https://www.moneycontrol.com/news/business/stocks/nomura-flags-margin-pressure-for-gcpl-hul-paint-stocks-as-agri-and-crude-costs-rise-prefers-marico-tata-consumer-14071039.html)
- [Marico watchful of deficient monsoon impact on rural demand, expects growth momentum to sustain](https://www.moneycontrol.com/news/business/earnings/marico-watchful-of-deficient-monsoon-impact-on-rural-demand-expects-growth-momentum-to-sustain-14068908.html)
- [Marico sees sustained growth momentum, raises FY27 margin outlook](https://economictimes.indiatimes.com/markets/stocks/earnings/marico-shares-surge-9-4-as-company-lifts-margin-outlook/articleshow/135518090.cms)
- [Marico could reach ₹20,000 crore revenue by 2030: Saugata Gupta](https://www.thehindubusinessline.com/companies/marico-could-reach-20000-crore-revenue-by-2030-saugata-gupta/article71661209.ece)
- [Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed a copy of the postal ballot notice along with the explanatory statement, seeking approval of the Members of the Company by way of Special Resolution for appointment of Mr. Rohit Jawa (DIN: 10063590) as an Independent Director of the Company w.e.f. January 1, 2027. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/marico_06112026120813_PBNotice.pdf)
- [MARICO LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1355_WebXMLFile_20261106_135630005.xml)
- [Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Management of the Company will be attending investor conferences as per the details attached. Further, the presentation usually used by the Company officials for such meets is also made available on the Company's website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/marico_05112026173049_Schedule_of_Analyst_meet.pdf)
- [Pursuant to Regulation 47 of the SEBI Listing Regulations, please find enclosed the newspaper extract of the un-audited consolidated financial results of the Company for the quarter and half year ended September 30, 2026, approved by the Board of Directors at its meeting held on November 2, 2026 and published in Financial Express, Free Press Journal (English Daily) and Navshakti (Marathi Daily) today i.e. on November 3, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/marico_03112026163108_SEint.pdf)
- [Please find enclosed outcome of the Board Meeting held on November 2, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/marico_02112026153942_Outcome.pdf)

### FAQs

**What financial targets and growth expectations has Marico set for the near future?**

Marico has advanced its ₹20,000 crore revenue target to FY29 and raised its FY27 Ebitda margin outlook to the mid-20% range. The company aims to achieve ₹20,000 crore in annual revenue by 2030, driven by premiumisation, digital-first businesses, and international expansion. Management expects overall mid-teens growth, with the digital segment targeting double-digit EBITDA margins by the end of FY27.

**How is Marico addressing potential risks from rural demand and input costs?**

Marico is monitoring the impact of a deficient monsoon on rural demand but expects growth momentum to sustain. While rising agricultural and crude oil costs have flagged margin pressure for some peers, Marico reported reduced input costs in the September quarter, contributing to strong double-digit revenue and profit growth. Analysts have retained 'Buy' ratings, citing improving international performance and robust quarterly results.

**What recent corporate actions and governance changes are investors tracking?**

The Board appointed Mr. Rohit Jawa as an Additional Director on November 2, 2026, with shareholders voting via postal ballot from November 8 to December 7, 2026, for his appointment as Independent Director effective January 1, 2027. Additionally, Rajan Bharti Mittal was appointed Lead Independent Director on November 2, 2026. Marico also acquired a 24.09% stake in Plix under definitive agreements dated October 5, 2026.

**What is the current technical market position of Marico's stock?**

As of November 6, 2026, Marico closed at ₹897.75, up 1.1% from the previous close. The stock shows bullish trends across daily, weekly, and monthly timeframes, with resistance levels at ₹902.78 and ₹908.57, and support at ₹895.27 and ₹889.48. Year-to-date returns stand at +18.1%, with a one-year return of +25.9% and annualized volatility of +20.5%.

- [Trusted names, new game: India's FMCG giants reload old guns for changing tastes](https://economictimes.indiatimes.com/industry/cons-products/fmcg/indias-fmcg-cos-like-hul-itc-emami-marico-embrace-consumer-trust-to-innovate-new-products-like-protein-powder-parachute-advansed/articleshow/135597619.cms)
- [Nomura flags margin pressure for GCPL, HUL, paint stocks as agri and crude costs rise; prefers Marico, Tata Consumer](https://www.moneycontrol.com/news/business/stocks/nomura-flags-margin-pressure-for-gcpl-hul-paint-stocks-as-agri-and-crude-costs-rise-prefers-marico-tata-consumer-14071039.html)
- [Marico watchful of deficient monsoon impact on rural demand, expects growth momentum to sustain](https://www.moneycontrol.com/news/business/earnings/marico-watchful-of-deficient-monsoon-impact-on-rural-demand-expects-growth-momentum-to-sustain-14068908.html)
- [Marico sees sustained growth momentum, raises FY27 margin outlook](https://economictimes.indiatimes.com/markets/stocks/earnings/marico-shares-surge-9-4-as-company-lifts-margin-outlook/articleshow/135518090.cms)
- [Marico could reach ₹20,000 crore revenue by 2030: Saugata Gupta](https://www.thehindubusinessline.com/companies/marico-could-reach-20000-crore-revenue-by-2030-saugata-gupta/article71661209.ece)
- [Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed a copy of the postal ballot notice along with the explanatory statement, seeking approval of the Members of the Company by way of Special Resolution for appointment of Mr. Rohit Jawa (DIN: 10063590) as an Independent Director of the Company w.e.f. January 1, 2027. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/marico_06112026120813_PBNotice.pdf)
- [MARICO LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1355_WebXMLFile_20261106_135630005.xml)
- [Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Management of the Company will be attending investor conferences as per the details attached. Further, the presentation usually used by the Company officials for such meets is also made available on the Company's website. |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/marico_05112026173049_Schedule_of_Analyst_meet.pdf)
- [Pursuant to Regulation 47 of the SEBI Listing Regulations, please find enclosed the newspaper extract of the un-audited consolidated financial results of the Company for the quarter and half year ended September 30, 2026, approved by the Board of Directors at its meeting held on November 2, 2026 and published in Financial Express, Free Press Journal (English Daily) and Navshakti (Marathi Daily) today i.e. on November 3, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/marico_03112026163108_SEint.pdf)
- [Please find enclosed outcome of the Board Meeting held on November 2, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/marico_02112026153942_Outcome.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹889.48
- Risk regime: Price Risk Requires Attention

### Support levels
- 740.4
- 647.2375
- 619.125

### Resistance levels
- 902.7833333333332
- 908.5666666666664

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.13% |
| return_10 | +17.12% |
| return_1m | +13.05% |
| return_1y | +25.89% |
| return_20 | +15.50% |
| return_3m | +4.39% |
| return_5 | +12.22% |
| return_6m | +10.18% |
| return_since_start | +39.40% |
| return_ytd | +18.06% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -13.42% |
| annualized_volatility | +20.52% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Marico Limited FY2026-27 Q2: Revenue rises 12% year on year

Marico reported consolidated revenue from operations of ₹3,897 crore for Q2 FY2026-27, up 11.9% year on year but down 1.5% from Q1 FY2026-27. Profit before tax fell 14.7% sequentially to ₹674 crore and profit for the period declined 14.4% to ₹558 crore, though both remained above their year-earlier levels.

## Revenue and expenses

Revenue was ₹3,897 crore, compared with ₹3,957 crore in Q1 FY2026-27 and ₹3,482 crore in Q2 FY2025-26. Expenses rose 1.9% sequentially to ₹3,276 crore and were 9.9% higher year on year, against revenue growth of 11.9%.

The recent quarterly revenue pattern was uneven: revenue was ₹3,537 crore in Q3 FY2025-26 and ₹3,333 crore in Q4 FY2025-26, before rising to ₹3,957 crore in Q1 FY2026-27.

## Profitability

Profit before tax decreased by ₹116 crore from ₹790 crore in Q1 FY2026-27 to ₹674 crore in Q2. Profit for the period fell by ₹94 crore, from ₹652 crore to ₹558 crore. Finance costs increased to ₹24 crore from ₹21 crore, while tax expense declined to ₹116 crore from ₹138 crore.

Year on year, profit before tax rose from ₹550 crore in Q2 FY2025-26, while profit for the period increased from ₹432 crore. The sequential declines followed the higher Q1 FY2026-27 results.

## Balance sheet

At 30 September 2026, total assets were ₹12,378 crore, compared with ₹10,075 crore at 31 March 2026 and ₹8,679 crore at 30 September 2025. Total equity stood at ₹5,060 crore, including ₹4,735 crore attributable to owners of the parent; total equity was ₹4,494 crore at 31 March 2026.

Total liabilities increased to ₹7,318 crore from ₹5,581 crore at 31 March 2026. Current liabilities rose to ₹6,388 crore from ₹4,101 crore, while noncurrent liabilities declined to ₹930 crore from ₹1,480 crore.

Inventories increased to ₹2,297 crore from ₹1,611 crore at 31 March 2026. Trade receivables rose to ₹1,705 crore from ₹1,304 crore, and trade payables to ₹2,186 crore from ₹1,634 crore. Cash and cash equivalents were ₹336 crore, down from ₹404 crore at 31 March 2026 and ₹419 crore at 30 September 2025. Property, plant and equipment was ₹1,104 crore, compared with ₹1,090 crore at 31 March 2026.

## Key Takeaway

Q2 FY2026-27 combined year-on-year revenue and profit growth with a sequential decline in revenue and a sharper fall in profit. The increase in assets, current liabilities, inventory and receivables since 31 March 2026 also marked a substantial shift in the balance-sheet position during the period.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +58.91%
- FII holding: +23.40%
- DII holding: +12.87%
- Mutual fund holding: +8.43%
- Retail holding: +3.16%
- Promoter pledged: +0.00%

### Major reported shareholders

- Harsh C Mariwala with Ravindra K Mariwala for Taurus Family Trust — +11.08%
- Harsh C Mariwala with Ravindra K Mariwala for Gemini Family Trust — +11.08%
- Harsh C Mariwala with Rajen K Mariwala for Valentine Family Trust — +11.08%
- Harsh C Mariwala with Rajen K Mariwala for Aquarius Family Trust — +11.08%
- HDFC Mutual Fund — +2.48%
- Rajvi H Mariwala — +2.19%
- Harsh C Mariwala — +2.16%
- Rishabh H Mariwala — +1.92%
- Ravindra K Mariwala — +1.73%
- Life Insurance Corporation of India — +1.67%

## Official filings

- 2026-11-07 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_07112026115258_Seint.pdf)
- 2026-11-06 — Management Change: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_06112026120813_PBNotice.pdf)
- 2026-11-06 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1355_WebXMLFile_20261106_135630005.xml)
- 2026-11-06 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_06112026165447_SEtranscript.pdf)
- 2026-11-06 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_06112026171442_SEIntimationn.pdf)
- 2026-11-06 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_06112026171755_SEIntimation.pdf)
- 2026-11-06 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1355_WebXMLFile_20261106_175941116.xml)
- 2026-11-06 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_1355_WebXMLFile_20261106_181330869.xml)
- 2026-11-05 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_05112026173049_Schedule_of_Analyst_meet.pdf)
- 2026-11-03 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_03112026163108_SEint.pdf)
- 2026-11-02 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_02112026153942_Outcome.pdf)
- 2026-11-02 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_02112026154319_SEInt.pdf)
- 2026-11-02 — Management Change: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_02112026155314_Director.pdf)
- 2026-11-02 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1355_WebXMLFile_20261102_195728543.xml)
- 2026-11-02 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_02112026203930_Covering_letter.pdf)
- 2026-11-02 — Financial Results Filing: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751509_02112026090214_WEB.xml)
- 2026-11-02 — Financial Results Filing: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751511_02112026090319_WEB.xml)
- 2026-10-22 — Press Release: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_22102026113739_SEInt.pdf)
- 2026-10-19 — Shareholding Disclosure: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741913_19102026064209_WEB.xml)
- 2026-10-15 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_15102026105842_Schedule_of_Conference_call.pdf)
- 2026-10-09 — Board Meeting Notice: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_09102026145236_SEint.pdf)
- 2026-10-09 — Board Meeting Notice: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1355_WebXMLFile_20261009_150403909.xml)
- 2026-10-09 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_1355_WebXMLFile_20261009_150422736.xml)
- 2026-10-09 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1355_WebXMLFile_20261009_150403909.xml)
- 2026-10-09 — Generic Announcement: Marico Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/marico_09102026152000_SEint.pdf)

## News and market events

- 2026-11-06 — CNBC-TV18: **Marico to acquire 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore** — Marico has signed definitive agreements to acquire a 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore through a primary subscription, with the transaction expected to close within 90 days. The move is intended to strengthen Marico's international growth strategy and digital expansion by leveraging Bonorizon's capabilities in the FMCG sector. Marico retains an option to purchase the remaining stake after three years, subject to milestone achievement and approvals. — [Source](https://www.cnbctv18.com/market/stocks/marico-share-price-to-acquire-51-stake-in-bonorizon-consumer-ventures-for-up-to-rs-35-crore-20029182.htm)
- 2026-11-06 — Economic Times: **Trusted names, new game: India's FMCG giants reload old guns for changing tastes** — India's major FMCG companies, including Hindustan Unilever, Emami, Marico, and ITC, are leveraging established brand trust to expand into new product categories such as protein nutrition, baby care, specialized hair care, and health-focused snacks. This strategy aims to capitalize on shifting consumer preferences and existing distribution networks, with firms reporting strong early traction and robust quarterly financial performance across these diversified segments. — [Source](https://economictimes.indiatimes.com/industry/cons-products/fmcg/indias-fmcg-cos-like-hul-itc-emami-marico-embrace-consumer-trust-to-innovate-new-products-like-protein-powder-parachute-advansed/articleshow/135597619.cms)
- 2026-11-05 — MONEYCONTROL: **Nomura flags margin pressure for GCPL, HUL, paint stocks as agri and crude costs rise; prefers Marico, Tata Consumer** — Nomura has flagged potential margin pressure for stocks including GCPL, HUL, and paint companies due to rising agricultural and crude oil costs. In response to these headwinds, the brokerage has expressed a preference for Marico and Tata Consumer. — [Source](https://www.moneycontrol.com/news/business/stocks/nomura-flags-margin-pressure-for-gcpl-hul-paint-stocks-as-agri-and-crude-costs-rise-prefers-marico-tata-consumer-14071039.html)
- 2026-11-04 — MONEYCONTROL: **Marico watchful of deficient monsoon impact on rural demand, expects growth momentum to sustain** — Marico is monitoring the potential impact of a deficient monsoon on rural demand, though it expects growth momentum to sustain. This outlook aligns with September-quarter results from major FMCG companies, which indicate resilient consumption despite inflationary pressures and uneven rainfall across parts of the country. — [Source](https://www.moneycontrol.com/news/business/earnings/marico-watchful-of-deficient-monsoon-impact-on-rural-demand-expects-growth-momentum-to-sustain-14068908.html)
- 2026-11-04 — Economic Times: **Marico sees sustained growth momentum, raises FY27 margin outlook** — Marico reported strong double-digit revenue and profit growth in the September quarter, driven by robust demand in its foods and premium personal care segments alongside reduced input costs. Consequently, the company raised its FY27 Ebitda margin outlook to the mid-20% range and advanced its ₹20,000 crore revenue target to FY29, citing improving international performance and expansion initiatives. Analysts have retained 'Buy' ratings on the stock, which rallied 9.4% following the announcement. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/marico-shares-surge-9-4-as-company-lifts-margin-outlook/articleshow/135518090.cms)
- 2026-11-03 — The Hindu: **Marico could reach ₹20,000 crore revenue by 2030: Saugata Gupta** — Marico aims to achieve ₹20,000 crore in annual revenue by 2030, with Managing Director and CEO Saugata Gupta expressing an aspiration to reach this target a year earlier. The company plans to drive growth through digital-first businesses, premiumisation, and international expansion, targeting mid-teens overall growth while expecting its digital segment to deliver double-digit EBITDA margins by the end of FY27. — [Source](https://www.thehindubusinessline.com/companies/marico-could-reach-20000-crore-revenue-by-2030-saugata-gupta/article71661209.ece)
- 2026-11-03 — CNBC-TV18: **FIIs record biggest single-day buying of 2026 with nearly ₹6,900 crore inflows** — Foreign institutional investors recorded their largest single-day net purchase of 2026, injecting nearly ₹6,900 crore into Indian equities on November 3 as the Sensex and Nifty extended their rally for a fourth consecutive session. While domestic institutional investors remained net sellers with outflows of ₹3,678.85 crore, the buying surge contributed to significant gains in sectors such as fast-moving consumer goods and capital markets. Market participants note that foreign inflows may continue to support valuations as corporate earnings improve. — [Source](https://www.cnbctv18.com/market/fiis-record-biggest-single-day-buying-of-2026-with-nearly-rs6900-crore-inflows-20026310.htm)
- 2026-11-03 — The Hindu: **Nifty crosses 23,800 after months! 2 key factors behind the rally** — The Nifty index closed above 23,800 for the first time since August 2026, driven by falling crude prices and strong corporate earnings, while the Sensex rose 1.62 per cent. The Indian rupee extended gains against the US dollar, though crude oil rebounded on geopolitical reports, sustaining market volatility. — [Source](https://www.thehindubusinessline.com/markets/nifty-crosses-23800-for-first-time-since-august-on-falling-crude-prices-earnings-boost/article71660642.ece)
- 2026-11-03 — Mint: **Marico's Saffola ready to shed low-margin volumes | Company Business News** — Marico Ltd is shifting its Saffola edible oil strategy away from low-margin products toward premium offerings like cold-pressed oils, a move that may involve sacrificing volume to improve profitability. The company is betting on this strategic reset to enhance financial performance over the next few quarters. — [Source](https://www.livemint.com/companies/news/marico-saffola-edible-oil-premiumisation-volume-profitability-strategy-11793690045867.html)
- 2026-11-03 — MONEYCONTROL: **Buy Marico; target of Rs 958: Prabhudas Lilladher** — Prabhudas Lilladher has issued a 'Buy' recommendation for Marico stock, setting a price target of Rs 958. The note was published on Moneycontrol on November 3, 2026. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-marico-target-of-rs-958-prabhudas-lilladher-14067585.html)
- 2026-11-03 — MONEYCONTROL: **Marico shares climb 8% as Q2 results beat estimates on strong demand** — Marico shares rose 8% after the company reported second-quarter results that beat market estimates, driven by strong demand. This positive performance was highlighted in a Moneycontrol report published on November 3, 2026. — [Source](https://www.moneycontrol.com/news/business/markets/marico-shares-climb-8-as-q2-results-beat-estimates-on-strong-demand-14067503.html)
- 2026-11-03 — Mint: **Marico’s profits roar back. Can it sustain gains beyond copra windfall?** — Marico's stock rose approximately 8% following its Q2FY27 earnings, reversing a previous 9% slump after the first quarter results. However, revenue missed estimates and commodity prices remain volatile, raising questions about the sustainability of these profit gains beyond the current copra windfall. — [Source](https://www.livemint.com/market/mark-to-market/marico-profit-gains-copra-windfall-parachute-saffola-11793686485669.html)
- 2026-11-03 — The Hindu: **Marico surges 8% after Q2 earnings beat; analysts raise targets** — Marico shares surged over 8% on the National Stock Exchange following a strong second-quarter performance that saw consolidated revenue rise 13% year-on-year to ₹3,897 crore and profit after tax jump 31%. The positive results prompted several brokerages to upgrade their ratings and raise target prices, citing management's guidance for mid-twenties EBITDA growth in FY27 and an accelerated revenue aspiration timeline. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/marico-surges-8-after-q2-earnings-beat-analysts-raise-targets/article71659648.ece)
- 2026-11-03 — CNBC-TV18: **ITC, United Breweries and Asian Paints among top picks for next 12 months: Nuvama’s Abneesh Roy** — Nuvama Institutional Equities named United Breweries, ITC, and Asian Paints as top stock picks for the next 12 months, upgrading ITC to a buy rating based on anticipated favorable tax conditions ahead of the Union Budget. The brokerage highlighted Marico’s diversification and growth triggers, Trent’s recovery from a tough cycle, and United Breweries’ superior volume growth compared to peers in the alcoholic beverage sector. Additionally, Asian Paints and Pidilite Industries are expected to benefit from price hikes and crude oil corrections, while Hindustan Unilever is noted for gaining market — [Source](https://www.cnbctv18.com/market/itc-united-breweries-asian-paints-pidilite-hul-trent-radico-khaitan-fmcg-nuvama-alpha-article-20025617.htm)
- 2026-11-03 — MONEYCONTROL: **Buy Marico; target of Rs 1000: Emkay Global Financial** — Emkay Global Financial has issued a 'Buy' recommendation for Marico, setting a target price of Rs 1000. The brokerage's view is presented in the context of stock market coverage on Moneycontrol. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-marico-target-of-rs-1000-emkay-global-financial-14067415.html)
- 2026-11-03 — Mint: **Marico share price: FMCG stock gains 8% on strong Q2 results, nears 52-week high - Buy or sell? Check share price target** — Marico shares rose 8.4% to near a 52-week high after reporting a 31% year-on-year increase in Q2FY27 net profit to ₹550 crore, driven by 12% revenue growth and expanding EBITDA margins. The company raised its FY27 outlook, targeting mid-teens revenue growth and double-digit volume expansion in India, while brokerages such as Motilal Oswal and Nirmal Bang maintained bullish ratings with upgraded price targets. — [Source](https://www.livemint.com/market/stock-market-news/marico-share-price-fmcg-stock-gains-8-on-strong-q2-results-nears-52-week-high-buy-or-sell-check-share-price-target-11793680575114.html)
- 2026-11-03 — BUSINESSTODAY: **Marico shares jump 8% after Q2 results; CLSA, Morgan Stanley, Jefferies share targets** — Marico shares rose 8% after the company reported strong Q2 FY27 results, including 13% revenue growth and a raised Ebitda guidance for FY27 to the mid-twenties. Brokerages such as Jefferies, Morgan Stanley, Macquarie, and CLSA revised their target prices upward, citing improved margins, volume growth in key segments like Parachute, and accelerated progress toward long-term revenue targets. — [Source](https://www.businesstoday.in/markets/stocks/story/marico-shares-jump-8-after-q2-results-clsa-morgan-stanley-jefferies-share-targets-565297-2026-11-03)
- 2026-11-03 — Economic Times: **Marico shares jump 6% as strong Q2 puts growth story in overdrive, sparks bullish calls** — Marico shares rose 6% to Rs 845 after the company reported a 31% year-on-year increase in Q2 FY27 net profit to Rs 550 crore and a 12% revenue growth to Rs 3,897 crore. Brokerages Jefferies, Systematix, and Dolat Capital maintained or upgraded their Buy ratings and raised target prices, citing strong volume growth, margin expansion driven by moderating copra prices, and an accelerated timeline for hitting long-term revenue targets. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/marico-shares-rally-6-as-earnings-growth-strengthens-compounding-story-sparks-bullish-calls/articleshow/135481218.cms)
- 2026-11-03 — News18: **Marico Share Price Today: Stock Surges 6% As Q2 Profit Rises 29%, Ebitda Growth Hits 50-Quarter High** — Marico shares rose 6% following the reporting of a 29% year-on-year increase in consolidated net profit to Rs 558 crore for Q2 FY27, driven by robust domestic volume growth and improving operating margins. The company's Ebitda grew 27%, marking its strongest performance in 50 quarters, while revenue from operations increased nearly 13% to Rs 3,897 crore. Marico reaffirmed its FY27 outlook, targeting double-digit revenue growth exceeding Rs 15,000 crore and mid-twenties Ebitda expansion. — [Source](https://www.news18.com/business/markets/marico-share-price-today-stock-surges-6-as-q2-profit-rises-29-ebitda-growth-hits-50-quarter-high-10409947.html)
- 2026-11-03 — CNBC-TV18: **Marico shares jump 6% after strong Q2 results; Analysts say stock has more room to run** — Marico shares rose over 6% following strong second-quarter results, prompting global investment banks such as HSBC, Jefferies, Goldman Sachs, and JPMorgan to maintain 'buy' ratings with target prices indicating upside potential of up to 35%. Analysts highlighted the company's robust EBITDA growth, double-digit volume increases in its core Parachute brand, and raised FY27 guidance as key drivers for its premium valuation relative to peers. CLSA upgraded its rating to 'hold' from 'reduce,' citing solid execution and cost visibility despite domestic value growth being slightly below estimates. — [Source](https://www.cnbctv18.com/market/marico-share-price-q2-result-reaction-saffola-parachute-growth-valuations-buy-sell-target-20025491.htm)
- 2026-11-03 — Economic Times: **Sensex Today | Nifty 50 | Stock Market Live Updates | Opening Bell: Sensex gains over 400 pts, Nifty above 23,550; IndiGo, Infosys rise up to 2% - The Economic Times** — Indian equity markets opened with gains, as the Sensex rose over 400 points and Nifty 50 traded above 23,550, supported by positive cues from GIFT Nifty futures. Stocks such as IndiGo and Infosys saw increases of up to 2%, while analysts identified immediate support levels at 23,200 and 23,000 for the Nifty. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-nifty50-stock-market-live-updates-gift-nifty-itc-marico-share-price-03-november-2026/liveblog/135478647.cms)
- 2026-11-03 — Mint: **Indian shares set to extend advance on softer oil, steady earnings** — Indian shares are expected to open higher, extending a three-session winning streak driven by strong corporate earnings, easing crude oil prices, and renewed foreign investor inflows. Brent crude traded flat at approximately $105 a barrel following geopolitical developments involving Iran, while specific companies like Marico, Dr. Reddy's, and Granules India reported positive quarterly results. — [Source](https://www.livemint.com/market/stock-market-news/indian-shares-set-to-extend-advance-on-softer-oil-steady-earnings-11793674161810.html)
- 2026-11-03 — Economic Times: **Marico profit jumps 31%, flags rising input costs amid West Asia woes** — Marico reported a 31% jump in net profit and 13% revenue growth, driven by strong volume expansion in India and international markets. However, the company flagged rising input costs due to geopolitical tensions in West Asia and adverse weather, which have elevated crude prices and food inflation. Management aims for mid-20% EBITDA growth by FY27 and has accelerated its ₹20,000 crore revenue target to FY29 while monitoring demand resilience in rural areas. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/marico-profit-jumps-31-flags-rising-input-costs-amid-west-asia-woes/articleshow/135478761.cms)
- 2026-11-03 — Mint: **Top stocks to watch today: SBI, NSE, ITC, Sun Pharma, IDBI Bank shares in focus on Tuesday, 3 Nov | Full list** — Indian equity markets are poised for a gap-up opening following a three-session winning streak, with benchmark indices reaching their highest levels in over five weeks. Several stocks including SBI, NSE, ITC, and IDBI Bank remain in focus due to Q2FY27 earnings releases, corporate developments such as NALCO's interim dividend approval, and operational updates from Sun Pharma and PTC India. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-sbi-nse-itc-sun-pharma-idbi-bank-shares-in-focus-on-tuesday-3-nov-full-list-11793668822019.html)
- 2026-11-03 — Economic Times: **Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma** — Indian equity benchmarks extended gains with the Nifty nearing 23,500 resistance as investors tracked corporate developments including Q2 earnings and operational updates. Key results showed Marico posting a 31% rise in net profit and expanding margins, while ITC saw an 18.5% decline in consolidated net profit due to weakness in its cigarette business despite revenue growth. Other notable movements included Container Corporation of India reporting a slight profit decline, Sun Pharma clarifying that a production halt order related to past events rather than new lapses, and Yatra Online disclosi — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-itc-marico-sbi-yatra-online-nse-container-corp-and-sun-pharma/articleshow/135474354.cms)

## Business profile

**Strategic vision:** Indian multinational consumer goods company in beauty and wellness.

### Business segments
- **Beauty and Wellness:** This segment encompasses products in the beauty and wellness categories, including hair care, skin care, male grooming, and health foods.
- **Household and Personal Care:** This segment includes products related to fabric care and potentially other household and personal care items.
- **Edible Oils:** This segment focuses on the production and sale of edible oils.

### Competitive strengths
- Established presence in the Indian market
- Operations across over 25 countries in Asia and Africa

## Related stocks

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- [Godrej Consumer Products Limited (FMCG)](https://faxioms.com/stocks/godrejcp) — -1.36%
- [Radico Khaitan Limited (FMCG)](https://faxioms.com/stocks/radico) — -0.22%
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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/marico
Markdown representation: https://faxioms.com/stocks/marico?render=md