Marico Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Marico share price Rs 786.15 (9 October 2026). Base target Rs 846, bull Rs 1,027, downside risk Rs 621. PE 51.7. 52W range Rs 704.35 to Rs 889.10.
Quick Answer
The Marico share price target for 2027 is Rs 846, about 7.6% above the current price of Rs 786.15. The bull case is Rs 1,027, and the downside risk level, which is not a target, is Rs 621. The base case assumes earnings per share grow 9.0% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 51.7. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Marico target price for 2027 should start with where the stock sits today. At Rs 786.15 on 9 October 2026, it is 11.6% below its 52-week high of Rs 889.10 and 11.6% above its 52-week low of Rs 704.35. That range spans 26% from low to high, so the entry point matters as much as the Marico price forecast itself.
This article builds the Marico share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 846 base case and the Rs 1,027 bull case were reached, along with a downside risk level of Rs 621.
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Marico Stock Analysis: Company Overview and Key Stats
Marico (NSE: MARICO) has a market capitalisation of Rs 1,00,896 crore. In FY26 it reported revenue of Rs 13,815 crore and net profit of Rs 1,813 crore. The table collects the figures the Marico share price target is built on.
| Metric | Value |
|---|---|
| Company | Marico |
| NSE Ticker | MARICO |
| CMP (9 October 2026) | Rs 786.15 |
| 52-Week High | Rs 889.10 |
| 52-Week Low | Rs 704.35 |
| Market Cap | Rs 1,00,896 crore |
| PE Ratio (TTM) | 51.70 |
| Industry PE | 34.85 |
| Price to Book | 23.97 |
| Return on Equity | 41.85% |
| Debt to Equity | 0.13 |
| EPS (TTM) | Rs 15.01 |
| Dividend Yield | 0.52% |
| 12-Month Base Target | Rs 846 |
| Bull Case | Rs 1,027 |
| Downside Risk Level (not a target) | Rs 621 |
Why Is Marico Share Price Target Set at Rs 846 for 2027?
The base-case Marico stock target of Rs 846 applies a PE multiple of 51.70 to a forward EPS estimate of Rs 16.37. That EPS assumes 9.0% yearly growth, the pace from FY24 to FY26, and puts the target 7.6% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Marico Target Price: Five Years of Results
Marico grew revenue from Rs 9,610 crore in FY22 to Rs 13,815 crore in FY26, a compound annual growth rate of 9.5%. Net profit grew faster, from Rs 1,255 crore to Rs 1,813 crore (9.6% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 9,610.00 | 1,255.00 | 9.49 | 9.25 |
| FY23 | 9,908.00 | 1,322.00 | 10.05 | 4.50 |
| FY24 | 9,795.00 | 1,502.00 | 11.43 | 9.50 |
| FY25 | 11,039.00 | 1,658.00 | 12.56 | 10.50 |
| FY26 | 13,815.00 | 1,813.00 | 13.59 | 4.00 |
FY26 revenue growth was 25.1%, faster than the four-year average of 9.5%, and net profit moved up 9.3%. EPS rose from Rs 11.43 in FY24 to Rs 13.59 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Marico converted 13.1% of FY26 revenue into net profit, against 15.0% in FY25, within a five-year range of 13.1% to 15.3%. EBITDA margin was 18.3% in FY26 versus 21.3% in FY25.
In the June 2026 quarter, revenue was Rs 4,005 crore, up 22.2% from the same quarter a year earlier, while net profit of Rs 652 crore was up 27.1%. EBITDA came in at Rs 867 crore, up 21.9% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.13, and shareholders’ equity grew from Rs 3,405 crore in FY22 to Rs 4,494 crore in FY26. Operating cash flow in FY26 was Rs 2,084 crore against capital expenditure of Rs 319 crore, leaving free cash flow of Rs 1,765 crore, or 1.7% of the current market capitalisation. In FY25 free cash flow was Rs 1,202 crore.
Valuation Check for the Marico Stock Target: PE, Price to Book and ROE
At a PE of 51.70 against an industry PE of 34.85, Marico trades at a premium to its industry. Price to book is 23.97 on a book value of Rs 32.38 per share, and return on equity is 41.85%. A PE of 51.70 equals an earnings yield of 1.9%, and the FY26 dividend of Rs 4.00 per share gives a yield of 0.52%.
Shareholding Pattern and Institutional Holding
Promoters held 58.91% of Marico in June 2026, and promoter holding has stayed near 58.91% since June 2025. Foreign institutional investors (FII) held 23.40% and domestic institutions (DII) held 13.02%, which puts total institutional holding at 36.42%. FII holding fell from 23.62% in June 2025 to 23.40% in June 2026. Public shareholders own the remaining 4.66%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Marico Share Price Targets for the Short Term and 12 Months
Short Term Marico Stock Target Levels: Technical Setup
At Rs 786.15 on 9 October 2026, Marico trades below its 50-day simple moving average of Rs 829.28 and below its 200-day exponential moving average of Rs 799.64. The 14-day RSI reads 42.5, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 799.64 (200-day exponential moving average) and the nearest support is Rs 704.35 (52-week low). A sustained move above Rs 799.64 would improve the short-term setup, while a close below Rs 704.35 would shift attention to the next support.
12 Month Marico Target Price for 2027
The 12-month target for Marico is Rs 846: forward EPS of Rs 16.37 at a PE of 51.70. That is 7.6% above Rs 786.15. It would still leave the stock 4.8% below its 52-week high of Rs 889.10.
How EPS Growth and PE Multiple Change the Marico Target Price
| EPS Growth | PE 41.36 | PE 51.70 | PE 59.45 |
|---|---|---|---|
| 0.0% (EPS Rs 15.01) | Rs 621 | Rs 776 | Rs 892 |
| 9.0% (EPS Rs 16.37) | Rs 677 | Rs 846 | Rs 973 |
| 15.0% (EPS Rs 17.27) | Rs 714 | Rs 893 | Rs 1,027 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Marico price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Marico Stock Target in 2027
Bull Case Rs 1,027
The bull case Marico price target needs EPS growth of 15.0%, which lifts forward EPS to Rs 17.27, and a PE multiple that rises 15% to 59.45. That gives Rs 1,027, 30.6% above the current price and above the 52-week high of Rs 889.10, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 621
The downside risk level is not a target. It assumes EPS stays flat at Rs 15.01 and the PE falls 20% to 41.36. That gives Rs 621, 21.0% below the current price and below the 52-week low of Rs 704.35.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 15.0% | 59.45 | Rs 1,027 | +30.6% |
| Base Case | 9.0% | 51.70 | Rs 846 | +7.6% |
| Downside Risk | 0.0% | 41.36 | Rs 621 | -21.0% |
Key Risks to the Marico Target Price for 2027
Growth Slowdown Risk for the Marico Price Target
Revenue in the June 2026 quarter was up 22.2% year on year, and FY26 revenue growth was 25.1%. If growth slows from here, the EPS estimate behind the Marico stock target will need revising.
Liquidity and Size Risk
Marico has a market capitalisation of Rs 1,00,896 crore. Institutional holding is 36.42%, and promoters hold 58.91%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.
Valuation and Margin Risk
Net margin was 13.1% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 51.70 versus an industry PE of 34.85, a de-rating toward the downside-risk PE of 41.36 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 11.6% below its 52-week high, with an RSI of 42.5 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Marico
Start with the live price and volume. Any Marico share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 786.15 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Marico’s PE, ROE, debt and shareholding in one place.
Check Marico fundamentals on the Univest Screener
Then compare the three Marico target price scenarios with your own view. If you expect EPS growth below 9.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Marico live price and get daily stock recommendations.
Conclusion
The Marico share price target for 2027 is Rs 846 in the base case, with Rs 1,027 as the bull case. The support for that view is arithmetic you can check: EPS grew 9.0% a year over FY24 to FY26, and the stock trades at a PE of 51.70. The risks are equally concrete, including a stock that sits 11.6% below its 52-week high and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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).
FAQs on Marico Share Price Target 2027
What is the Marico share price target for 2027?
Ans. The base-case Marico share price target for 2027 is Rs 846, with Rs 1,027 as the bull case. The downside risk level, which is not a target, is Rs 621. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Marico share price today?
Ans. As of 9 October 2026, 3:30 PM IST, Marico trades at Rs 786.15, up 1.15% on the day. The 52-week range is Rs 704.35 to Rs 889.10.
Is Marico a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 9.0% a year over FY24 to FY26, but the stock is 11.6% below its 52-week high. Whether Marico fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Marico shares?
Ans. The bull case target is Rs 1,027, which assumes 15.0% EPS growth and a PE of 59.45. The downside risk level is Rs 621, which assumes flat EPS and a PE of 41.36. It marks a risk, not a target.
What are the main risks to the Marico price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 1,00,896 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Marico and how does it compare with the industry?
Ans. The PE ratio of Marico is 51.70 against an industry PE of 34.85. Price to book is 23.97 and return on equity is 41.85%. The base case in the Marico price target holds this PE constant.
Who owns Marico, and what is the promoter holding?
Ans. Promoters held 58.91% of Marico in June 2026. FII held 23.40%, DII held 13.02% and the public held 4.66%.
What were Marico’s latest quarterly results?
Ans. In the June 2026 quarter, Marico reported revenue of Rs 4,005 crore (up 22.2% year on year) and net profit of Rs 652 crore (up 27.1%).
