GENERAL10 Sept 2026
Nuvama says 'Buy' Marico; check 12-month price target, stock performance, shareholding pattern | Stock Market News
Nuvama has kept a buy call on Marico, with a target price of ₹1,015. That is around 25% above the 9 September closing price of ₹810.25. After meeting MD Saugata Gupta, Nuvama expects high single-digit India volume growth in FY27 and revenue crossing ₹15,000 crore. If you hold FMCG shares, view this as one brokerage's opinion, not a promise.
Key Statutory Highlights
- Nuvama maintained its buy call on Marico on 8 September with a target price of ₹1,015, which implies 25% upside from the 9 September close of ₹810.25.
- Marico expects high single-digit India volume growth in FY27, and its 11% volume growth in Q1FY27 was a 20-quarter high.
- The company expects revenue to cross ₹15,000 crore in FY27 and ₹20,000 crore by FY30, with EBITDA margin possibly expanding 140-150 basis points in FY27.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy Marico, read the full Nuvama report and your own risk profile before acting, since a target price is only one brokerage's estimate and not a guaranteed return.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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