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India's Marico set to outperform peers on revenue, volume growth, says BofA

ReutersMar 24, 2026 7:25 AM

India's Marico MRCO.NS is set to outperform consumer staples peers on revenue and volume growth, supported by a resilient core portfolio, says BofA Securities

Earnings growth for MRCO is set to improve as prices of key input copra moderate while crude oil impact is relatively low compared to peers - BofA

BofA retains "buy" with price target of 860 rupees; MRCO stock up 2.6% to 744 rupees

BofA estimates 8%/15% revenue/earnings per share CAGR growth over fiscal years 2026-2028, citing recovery in value added hair oils segment, foods, premium personal care businesses

The average rating of 38 analysts tracking MRCO is "buy"; median price target is 860 rupees, data compiled by LSEG shows

MRCO shares are down 3.4% in 2026 so far, outperforming the 16% drop in Nifty FMCG index .NIFTYFMCG, exchange data shows

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