Marico Stock Forecast

Stock Price Forecast

According to 39 analysts polled by S&P Global, Marico stock has a consensus rating of "Buy" and an average price target of ₹911.92. The average 1-year stock price forecast is 8.65% higher than the current stock price, while the lowest is ₹556.00 (-33.76%) and the highest is ₹1,000 (+19.14%).

Price Target: ₹911.92 (+8.65%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹556.00	₹911.92	₹914.50	₹1,000
Change	-33.76%	+8.65%	+8.95%	+19.14%

* Price targets were last updated on May 8, 2026.

Analyst Ratings

The average analyst rating for Marico stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	24	24	24	24	24	24
Buy	6	8	9	11	11	11
Hold	4	3	2	2	2	2
Sell	3	3	3	2	2	2
Strong Sell	0	0	0	0	0	0
Total	37	38	38	39	39	39

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vivek Maheshwari Jefferies	Jefferies	Buy Maintains ₹960.00	Buy	Maintains	₹960.00	+14.37%	May 8, 2026
Latika Chopra J.P. Morgan	J.P. Morgan	Buy Maintains ₹900.00	Buy	Maintains	₹900.00	+7.23%	May 6, 2026
Unknown Analyst ICICI Securities No rating	ICICI Securities	Buy Maintains ₹870.00 → ₹900.00	Buy	Maintains	₹870.00 → ₹900.00	+7.23%	Feb 17, 2026

Financial Forecast

Revenue This Year

150.91B

from 136.11B

10.87%

from 136.11B

Revenue Next Year

168.05B

from 150.91B

11.36%

from 150.91B

EPS This Year

16.53

from 13.59

21.63%

from 13.59

EPS Next Year

19.06

from 16.53

15.30%

from 16.53

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	95.12B	97.64B	96.53B	108.31B	136.11B	150.91B
Revenue Growth	18.19%	2.65%	-1.14%	12.20%	25.67%	10.87%
Gross Profit	40.25B	43.54B	48.24B	53.48B	59.40B	71.41B
Gross Margin	42.31%	44.59%	49.97%	49.38%	43.64%	47.32%
Operating Income	15.47B	16.59B	18.69B	19.62B	21.31B	25.66B
Net Income	12.25B	13.02B	14.81B	16.29B	17.62B	21.37B
EPS	-	-	-	-	13.59	16.53
EPS Growth	-	-	-	-	8.20%	21.63%
Forward PE	-	-	-	-	-	50.78
Dividend / Share	9.25	4.50	9.50	10.50	4.00	11.70
Dividend Growth	-	-51.35%	111.11%	10.53%	-61.90%	192.55%
Free Cash Flow	6.56B	9.60B	9.72B	11.63B	23.88B	20.32B
No. Analysts	-	-	-	-	-	36

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	162.1B
Avg	150.9B
Low	144.7B

Revenue Growth

Revenue Growth	2027	2028	2029
High	19.1%
Avg	10.9%
Low	6.3%

EPS Forecast

EPS	2027	2028	2029
High	18.30
Avg	16.53
Low	15.70

EPS Growth

EPS Growth	2027	2028	2029
High	34.7%
Avg	21.6%
Low	15.5%