Marico shares can rise another 16%, courtesy of Oats, Plix and D2C: HSBC
Published on 10/07/2025 12:15 PM
Marico shares can rise another 16%, courtesy of Oats, Plix and D2C: HSBCMarico's D2C (Direct-to-Consumer) portfolio is also expected to deliver stable growth and margin.By Meghna Sen July 10, 2025, 12:15:23 PM IST (Published)1 Min ReadGlobal brokerage firm HSBC has maintained a 'Buy' recommendation on FMCG major Marico Ltd. and raised its price target to ₹850 per share. This target implies a potential upside of 16% from Wednesday's closing price.
While the company has multiple elements in its foods business, HSBC expects Oats and Plix to be the key growth drivers.
The company's D2C (Direct-to-Consumer) portfolio is also expected to deliver stable growth and margin.
Marico's last quarter results were mixed in comparison to estimates. The company reported a volume growth of 7% for the January-March quarter, which is higher than expectations of a 5% to 6% growth from last year.
For the March quarter, Marico reported revenue growth of 19.8% to ₹2,730 crore. Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 3.6% on a year-on-year basis to ₹458 crore. EBITDA margin for the quarter narrowed over 250 basis points to 16.8%.
Shares of Marico Ltd. are trading 0.18% lower at ₹729. The stock has risen 13% so far in 2025.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMaricoMarico sharesshare market today