Marico Share Price in Focus as Goldman Sachs Retains Buy Rating With Rs 900 Target

Marico share price traded around Rs 844.65, down 1.33 percent, even as Goldman Sachs retained its Buy rating on the FMCG major with a target price of Rs 900, citing volume growth accelerating to double digits and strong momentum continuing across the company’s core brand portfolio.

Goldman Sachs’ constructive view on Marico share price highlights continued strength in Parachute, the company’s value added hair oils portfolio known as VAHO, and newer businesses, with the brokerage expecting EBITDA to grow in the high teens as margins recover sequentially through the year.

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Goldman Sachs’ Key Estimates for Marico

Metric	Value
Goldman Sachs Rating	Buy
Goldman Sachs Target Price	Rs 900
CMP	Rs 844.65
52 Week High (Today)	Rs 874.00
Volume Growth	Accelerated to double digits
Expected EBITDA Growth	High teens

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Why Goldman Sachs Is Bullish on Marico Share Price

Marico‘s volume growth acceleration to double digits is central to Goldman Sachs’ Buy thesis, with the brokerage specifically calling out continued strong momentum in Parachute, the company’s flagship coconut oil brand, alongside its value added hair oils portfolio and newer emerging businesses. This combination of core brand strength and newer business contribution gives Goldman Sachs confidence in Marico’s growth trajectory heading into the rest of FY27. This is a key data point for anyone tracking the Marico share price today.

Goldman Sachs’ expectation of EBITDA growth in the high teens, supported by sequential margin recovery, aligns with the broader industry narrative around softening input costs, particularly copra prices, which have corrected sharply from their peak levels and are expected to provide a tailwind to Marico’s profitability in the coming quarters. Investors watching the Marico share price should note this development closely.

Outlook for Marico Share Price

With Goldman Sachs’ Rs 900 target implying meaningful upside from current levels, the stock’s ability to sustain today’s double digit volume growth pace across subsequent quarters will be an important factor in validating the brokerage’s bullish stance. Investors will also be watching whether the anticipated margin recovery materialises as expected once Marico’s full quarterly results are announced, confirming the high teens EBITDA growth Goldman Sachs has projected. This detail is central to the near term outlook on the Marico share price.

Quick take: Goldman Sachs’ Buy rating on Marico share price reflects confidence in both volume momentum and margin recovery, a combination that, if delivered, would support the brokerage’s Rs 900 target, though formal results will be the real test of this thesis.

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Key Risks to Watch on Marico Share Price

Marico’s margin recovery thesis depends heavily on copra and other input costs remaining benign, and any reversal in these commodity price trends could quickly alter the high teens EBITDA growth Goldman Sachs has projected. Investors should also watch whether the double digit volume growth momentum extends across the company’s broader portfolio or remains concentrated in specific segments like Parachute. This is likely to remain a talking point for the Marico share price in coming sessions.

Conclusion

Marico share price remains in focus after Goldman Sachs reiterated its Buy rating with a Rs 900 target, citing accelerating double digit volume growth and an expected high teens EBITDA growth trajectory as margins recover. Investors should track the company’s full quarterly results for confirmation of these trends before assuming the brokerage’s bullish thesis is fully validated. This article is for educational purposes and is not investment advice; consult a SEBI-registered investment adviser before making any investment decision.

FAQs on Marico Share Price

1. What is Goldman Sachs’ rating on Marico share price?

Ans. Goldman Sachs has a Buy rating on Marico with a target price of Rs 900.

2. Why is Goldman Sachs bullish on Marico?

Ans. The brokerage cites volume growth accelerating to double digits, continued strength in Parachute and VAHO, and expected EBITDA growth in the high teens as margins recover.

3. What is VAHO in Marico’s portfolio?

Ans. VAHO refers to Marico’s value added hair oils portfolio, one of the segments Goldman Sachs flagged as showing strong momentum.

4. What EBITDA growth does Goldman Sachs expect from Marico?

Ans. Goldman Sachs expects EBITDA to grow in the high teens as margins recover sequentially through the year.

5. What is driving Marico’s expected margin recovery?

Ans. Softening input costs, particularly a sharp correction in copra prices from peak levels, are expected to support Marico’s margin recovery.

6. What are the key risks to Marico share price?

Ans. Any reversal in benign input cost trends, particularly copra prices, could alter the margin recovery thesis underpinning Goldman Sachs’ target.