Marico Share Price Prediction 2027: Scenario Targets, Valuation and Technical Outlook
- October 9, 2026
- Posted by: Kunal Singla
- Category: Market
CMP Rs 784.90 (9 Oct 2026). 52W range Rs 704.35 to Rs 889.10. PE 51.70. 2027 base Rs 854, bull Rs 859.
Quick Answer
The Marico share price forecast for 2027 centres on a conservative case of Rs 849, a base case of Rs 854 and a bull case of Rs 859, against a current price of Rs 784.90. These targets scale today’s price by reported EPS growth at a constant PE multiple, so they rest on earnings the company has already delivered, not on broker forecasts. The base case implies 8.8% upside from today’s price. The daily technical setup reads bearish.
Marico share price prediction 2027 comes down to earnings growth and the multiple investors pay for it, and the reported numbers give a measured answer. The stock trades at Rs 784.90 on NSE as of 9 October 2026, 11.7% below its 52-week high of Rs 889.10, after the company reported net profit of Rs 1,813 crore for FY26.
This Marico stock forecast 2027 builds conservative, base and bull scenarios from exchange-reported financials, shareholding data and daily price indicators, with every assumption shown.
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Marico Share Price Today and Key Data
The Marico share price today is Rs 784.90 on NSE, up 0.98% on the day. The market capitalisation stands at Rs 1,00,896 crore. Over the past year the price has risen 9.6% from Rs 715.85. Every Marico stock forecast figure below starts from this price.
| Metric | Value |
|---|---|
| Company | Marico (MARICO) |
| Current Price | Rs 784.90 |
| 52-Week High | Rs 889.10 (30 July 2026) |
| 52-Week Low | Rs 704.35 (9 October 2025) |
| Market Cap | Rs 1,00,896 crore |
| PE Ratio | 51.70 |
| Industry PE | 34.85 |
| PB Ratio | 23.97 |
| EPS (TTM) | Rs 15.01 |
| Return on Equity | 41.85% |
| Debt to Equity | 0.13 |
| Dividend Yield | 0.52% |
| Book Value per Share | Rs 32.38 |
What Is the Marico Share Price Prediction for 2027?
The Marico share price prediction for 2027 is a conservative case of Rs 849, a base case of Rs 854 and a bull case of Rs 859. Against Rs 784.90, these imply 8.2% upside, 8.8% upside and 9.4% upside. They are model scenarios built from reported EPS growth, not broker targets.
| Scenario | EPS Growth Basis | EPS Estimate | PE Multiple | Implied Value | Upside vs Current Price |
|---|---|---|---|---|---|
| Conservative Case | Lower of FY26 growth (8.2%) and 4-year CAGR (9.4%) | Rs 16.24 (+8.2%) | Unchanged from today (price to EPS ratio kept constant) | Rs 849 | +8.2% |
| Base Case | Average of the two | Rs 16.33 (+8.8%) | Unchanged from today (price to EPS ratio kept constant) | Rs 854 | +8.8% |
| Bull Case | Higher of the two | Rs 16.42 (+9.4%) | Unchanged from today (price to EPS ratio kept constant) | Rs 859 | +9.4% |
Each target takes today’s price of Rs 784.90 and scales it by the EPS growth assumed for that case, which is the same as holding the PE multiple constant. The conservative case uses the lower of the FY26 EPS growth and the 4-year EPS CAGR, the base case uses their average and the bull case uses the higher figure. Together they form the Marico target price range for the FY27 outlook over the next 12 months, and the range is not a point estimate.
Marico Share Price Forecast: What Has to Go Right by 2027
Each Marico target price below depends on a specific EPS outcome, and the text states that outcome next to the number.
Conservative Case for the Marico Share Price Target: Rs 849
Reaching Rs 849 needs EPS to rise 8.2% to Rs 16.24 while the stock keeps its current PE multiple. That matches the FY26 EPS growth of 8.2%.
Base Case for the Marico Share Price Target: Rs 854
Reaching Rs 854 needs EPS to rise 8.8% to Rs 16.33, the average of the FY26 growth rate and the 4-year CAGR. Net profit growth of 27.1% in Q1 FY27 is at or above that pace, which supports the target.
Bull Case for the Marico Share Price Target: Rs 859
Reaching Rs 859 needs EPS to rise 9.4% to Rs 16.42 with the PE multiple held at today’s level. That sits inside the 52-week range of Rs 704.35 to Rs 889.10. A daily close above the nearest resistance level of Rs 799.49 (200-day EMA) would be the first technical confirmation.
Marico Financial Performance: Revenue, Profit and Margins
Marico earned net profit of Rs 1,813 crore on revenue of Rs 13,815 crore in FY26, with profit up 9.3% and revenue up 25.1% compared with FY25. Diluted EPS was Rs 13.59 against Rs 12.56 a year earlier, and that earnings base anchors the Marico share price forecast.
| Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Operating Margin | Net Margin |
|---|---|---|---|---|---|
| FY22 | 9,610.00 | 1,255.00 | 9.49 | 16.86% | 13.06% |
| FY23 | 9,908.00 | 1,322.00 | 10.05 | 17.72% | 13.34% |
| FY24 | 9,795.00 | 1,502.00 | 11.43 | 19.40% | 15.33% |
| FY25 | 11,039.00 | 1,658.00 | 12.56 | 18.71% | 15.02% |
| FY26 | 13,815.00 | 1,813.00 | 13.59 | 16.21% | 13.12% |
In the latest reported quarter, Q1 FY27 (quarter ended June 2026), revenue was Rs 4,005 crore against Rs 3,277 crore a year earlier (+22.2%), and the bottom line was a net profit of Rs 652 crore against a net profit of Rs 513 crore (+27.1%). Operating margin was 21.91% versus 22.07% in the year-ago quarter. Cash flow from operations was Rs 2,084 crore in FY26 against Rs 1,363 crore in FY25. Together these figures set the earnings base for the Marico share price prediction.
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Is Marico Overvalued or Undervalued Right Now?
Marico trades at a PE of 51.70 against an industry PE of 34.85, which places the stock at a 48.4% premium to the industry average. The price-to-book ratio is 23.97 on a book value of Rs 32.38 per share. Return on equity of 41.85% means the company earns Rs 41.85 of profit for every Rs 100 of shareholder equity.
Debt to equity is 0.13, so borrowings equal about 13% of shareholder equity. The company declared a dividend of Rs 4.00 per share for FY26, a yield of 0.52% at the current price. This valuation context frames the Marico stock price prediction for 2027 without relying on any outside forecast.
Marico Stock Analysis: Technical Outlook
Marico stock trades below its 50-day SMA of Rs 829.26 and below its 200-day EMA of Rs 799.49, and the combined daily indicators read bearish. The 52-week high of Rs 889.10 was set on 30 July 2026, while the 52-week low of Rs 704.35 came on 9 October 2025.
| Indicator | Reading | Signal |
|---|---|---|
| RSI (14) | 41.86 | Weak momentum |
| MACD (12,26,9) | -12.24 vs signal -10.61 | Bearish |
| ADX (14) | 27.33 | Established trend |
| Supertrend (10,3) | Price below Rs 827.93 | Bearish |
| 50-day SMA | Rs 829.26 | Price below |
| 200-day EMA | Rs 799.49 | Price below |
The nearest support level sits at Rs 704.35 (52-week low). The nearest resistance level sits at Rs 799.49 (200-day EMA) and Rs 827.93 (Supertrend). A sustained move above the nearest resistance would support the Marico share price prediction 2027 base case, and this Marico stock analysis uses daily candles only.
Marico Shareholding Pattern
Promoters hold 58.91% of Marico as of Jun 2026, down from 59.03% in Jun 2025 across the last 5 quarters. FII holding is 23.40% (down from 23.62% in Jun 2025) and DII holding is 13.02% (up from 12.71% in Jun 2025), which puts combined institutional holding at 36.42%. Public shareholders own 4.66%. Shareholding data is one input for any Marico stock forecast.
Key Risks to the Marico Share Price Target for 2027
Earnings and Margin Risk
Operating margin has ranged from 16.21% to 19.40% between FY22 and FY26, so a slip toward the lower end would trim the EPS estimate behind the Marico stock forecast. Revenue was up 25.1% in FY26, and slower revenue growth would weigh on the profit path.
Valuation Risk
The PE of 51.70 is 48.4% above the industry PE of 34.85. Every target here holds the multiple constant, so a narrowing of that premium would leave returns below these targets even if earnings grow as assumed.
Size and Liquidity Risk
Market capitalisation stands at Rs 1,00,896 crore. Investors should check daily traded volumes and order book depth on NSE before sizing a position, because price moves can be sharper when volumes thin out. Liquidity is a practical constraint on any Marico stock price target.
Balance Sheet Risk
Debt to equity of 0.13 means borrowings stand at about 13% of shareholder equity. A rise in borrowing costs or a jump in debt would weigh on profit and on the multiple behind the Marico share price forecast.
Technical Risk
The daily indicators read bearish, so the targets above may need a technical turn before the price follows earnings. A daily close below Rs 704.35 (52-week low) would weaken the setup further.
Conclusion
This Marico stock analysis puts the share price target range for 2027 at Rs 849 to Rs 859, with a base case of Rs 854 against Rs 784.90 today. The inputs are a PE of 51.70 that sits at a 48.4% premium to the industry average, EPS growth of 8.2% in FY26 and a daily technical setup that reads bearish. The next quarterly result will show which scenario is gaining ground. This analysis is educational, so consult a SEBI-registered advisor before acting on it.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Marico Share Price Prediction 2027
What is the Marico share price target for 2027?
Ans. The Marico share price forecast for 2027 has a conservative case of Rs 849, a base case of Rs 854 and a bull case of Rs 859. These are model scenarios based on reported EPS growth, and they are not guaranteed outcomes.
What is the Marico share price today?
Ans. Marico trades at Rs 784.90 on NSE as of 9 October 2026, up 0.98% on the day. The 52-week range is Rs 704.35 to Rs 889.10.
Is Marico a good stock to buy for 2027?
Ans. The data points in different directions: the PE of 51.70 is at a 48.4% premium to the industry average, EPS grew 8.2% in FY26 and the daily technical setup reads bearish. This article does not constitute investment advice, so consult a SEBI-registered advisor before deciding.
Can Marico stock reach Rs 859 in 2027?
Ans. Reaching Rs 859 needs EPS to rise 9.4% from Rs 15.01 with the PE multiple held at today’s level, plus a daily close above Rs 799.49 (200-day EMA). This is a scenario, not a guarantee.
What are the support and resistance levels for Marico?
Ans. The nearest support levels are Rs 704.35 (52-week low), and the nearest resistance levels are Rs 799.49 (200-day EMA) and Rs 827.93 (Supertrend).
What are the main risks for Marico stock in 2027?
Ans. The main risks to the Marico share price forecast are a fall in operating margin from the 16.21% to 19.40% range seen since FY22, slower revenue growth after FY26 revenue was up 25.1%, and thin trading volumes. Debt to equity of 0.13 adds balance sheet sensitivity.
How is the Marico target price for 2027 calculated?
Ans. Each target scales the current price by assumed EPS growth at a constant PE multiple. The conservative case uses 8.2% growth, the base case 8.8% and the bull case 9.4%, all drawn from the company’s reported FY26 and 4-year EPS growth.
