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Marico share price: FMCG stock gains 8% on strong Q2 results, nears 52-week high - Buy or sell? Check share price target

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In short

The consumer goods major rallied toward peak valuation levels after robust domestic volumes and softening copra costs bolstered profitability. Market sentiment improved further as leadership outlined an ambitious long-term roadmap targeting ₹20,000 crore in revenue by FY30. Top domestic brokerages subsequently raised their price targets, signaling confidence in the company's premium product expansion and distribution footprint. In addition to strong domestic traction, the company's international segments maintained momentum with 13% constant currency growth.

Key points

  • Underlying volume growth across Indian operations achieved a 10% increase during the seco…: Underlying volume growth across Indian operations achieved a 10% increase during the second quarter.
  • Management aims to exceed ₹15,000 crore in annual revenue for FY27 while maintaining mid-…: Management aims to exceed ₹15,000 crore in annual revenue for FY27 while maintaining mid-twenties EBITDA growth.
  • Higher revenue contributions from Foods and Premium Personal Care are targeted to reach 3…: Higher revenue contributions from Foods and Premium Personal Care are targeted to reach 33% by FY30.

Sources checked by our analysis pipeline: 1

Marico Q2 Results | Stock market Today: Marico share price surged over 8% on Tuesday, November 3, after the FMCG company reported a strong performance for the September quarter, with a sharp rise in profit, expanding margins and healthy volume growth across its businesses.

The stock jumped as much as 8.4% to an intraday high of ₹865, bringing it jusr 3% away from its 52-week high of ₹889.95, touched in July 2026. It had hit a 52-week low of ₹706.35 in November 2025.

The stock had gained around 10% over the past month, 11% in six months and 19% over the past year. The latest rally followed Marico's Q2FY27 results, which showed a 31% year-on-year (YoY) increase in consolidated net profit, supported by strong operating performance and a significant improvement in gross margins.

Marico reported consolidated net profit of ₹550 crore for Q2FY27, up 31% from the year-ago period. Revenue from operations increased 12% YoY to ₹3,897 crore, compared with ₹3,450 crore in Q2FY26. EBITDA rose 27% to ₹709 crore from ₹560 crore, while the EBITDA margin expanded 200 basis…

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