Bangladesh, contributing 12% to Marico's revenue, faces political turmoil. PM Sheikh Hasina steps down, military takes over.
Marico reported an 8.66% increase in net profit to ₹464 crore and a 6.7% rise in revenue to ₹2,643 crore YoY.
Marico aims for double-digit revenue growth and improved operating margins in both domestic and international markets.
Analyst Recommendations
Analysts praise Marico's revenue guidance. Emkay Global raised target price to ₹700, while Antique Stock Broking set a target of ₹801.
Should You Buy Marico Stock?
With strong domestic growth and strategic international plans, analysts remain positive on Marico's stock despite current challenges.