Marico Surges as Global Brokerages Initiate Buy Ratings on Strong Q1 Results

Marico, a leading consumer goods company, has reported strong volume growth in its Q1 FY27 business update. The India business accelerated its growth trajectory during Q1 FY27, delivering double-digit underlying volume growth and reaching a multi-quarter high.

The strong operational performance has drawn positive coverage from major global brokerages, with HSBC, Nomura, and Goldman Sachs all initiating Buy ratings on the stock. HSBC raised its target price to ₹1,000, while Nomura set its target at ₹950 and Goldman Sachs at ₹900.

Marico's Q1 FY27 business update indicates a robust start to the financial year with double-digit underlying volume growth in India. The company expects consolidated revenue to grow in early twenties for the quarter, driven by broad-based performance across its core, digital, and international businesses.