Marico Shares Hit Record High Following Strong Q4 Results
Marico jumps 4% to record high on strong Q4 results; MOFSL sees 15% upside
Business Standard
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Marico Ltd's shares surged nearly 4.5% to a record high of ₹843.15 after reporting an 18% year-on-year increase in consolidated net profit for Q4 FY26. Analysts at Motilal Oswal Financial Services Ltd predict a 15% upside, maintaining a 'Buy' rating with a target price of ₹950.
- 01Marico's Q4 FY26 consolidated net profit rose by 18% to ₹408 crore.
- 02The company's revenue from operations increased to ₹3,333 crore in Q4 FY26.
- 03Motilal Oswal Financial Services Ltd projects a target price of ₹950 for Marico shares.
- 04Marico aims to achieve ₹150 billion in revenue for FY27 and ₹200 billion by FY30.
- 05The company declared a final equity dividend of ₹4 per share for FY26.
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Shares of Marico Ltd, a leading fast-moving consumer goods (FMCG) company in India, rose by approximately 4.5% on Wednesday, reaching a record high of ₹843.15 following the announcement of strong financial results for the fourth quarter of FY26. The company's consolidated net profit increased by 18.26% year-on-year to ₹408 crore, up from ₹345 crore in the same period last year. Consolidated revenue from operations also saw a significant rise to ₹3,333 crore compared to ₹2,730 crore in Q4 FY25. Analysts from Motilal Oswal Financial Services Ltd have maintained a 'Buy' rating on Marico, setting a target price of ₹950, which indicates a potential upside of 15% from the current market price. Marico has ambitious plans to exceed ₹150 billion in revenue for FY27 and ₹200 billion by FY30, supported by strong volume growth and international business expansion. Additionally, the board has proposed a final equity dividend of ₹4 per share for FY26, pending shareholder approval at the upcoming Annual General Meeting.
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Marico's strong financial performance could lead to increased investor confidence and support for the FMCG sector in India, potentially benefiting shareholders and employees.
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