Marico shares jump 8% after Q2 earnings beat, analysts raise targets

what happened

Shares of Marico Limited rose more than 8% on Tuesday morning on the National Stock Exchange of India (NSE), reaching ₹865 intraday. According to Moody's, the move followed second-quarter results released on Monday, the last trading session of the week.

The company reported consolidated revenue of ₹3,897 crore for Q2FY27, up 13% year on year. EBITDA climbed 27% to ₹709 crore, and margins widened by 200 basis points to 18.2%, the highest in 50 quarters. Profit after tax rose 31% to ₹550 crore.

Brokerages responded with upgrades and higher targets. Elara Securities moved the stock to BUY with a ₹1,000 target, JM Financial kept BUY and lifted its target to ₹950, InCred Equities retained ADD with ₹980, and Motilal Oswal reiterated BUY with ₹975. The main driver was a raised guidance: management now expects mid-twenties EBITDA growth in FY27, up from a previous high-teens target.

why it matters

For investors, the key point is that growth came from margins as well as sales. Marico also brought forward its ₹20,000 crore revenue goal from FY30 to FY29. Elara cited the recent correction of about 10% in the stock as room for improvement. The shares trade at a P/E of 49.97 and are a constituent of the Nifty Midcap 50 index.

market impact

Marico shares: results beat and higher guidance support the stock in the Indian midcap segment

• ▲Marico shares pressure up — results beat and raised guidance support the share price

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