Marico Share Price Target 2026, 2027, 2030, 2040, 2050
Marico is a well-known Indian company that makes products related to beauty, health, and food, and it is especially famous for coconut oil, hair oils, and cooking oils. The company earns a large amount of money every year and sells its products in more than 25 countries in Asia and Africa. It has many popular brands such as Parachute, Saffola, Livon, Set Wet, Beardo, Nihar Naturals, Hair & Care, True Elements, and Mediker, which include products for hair care, healthy food, skin care, and men’s grooming.
What is Marico Ltd NSE: MARICO?
Marico Limited was established in 1990 in Mumbai, India, by Harsh Mariwala. It is a well-known Indian company that makes and sells daily-use products like hair oil, cooking oil, healthy food items, and personal care products. The company’s products are used by many people in India and also in several countries in Asia and Africa. Some of its popular brands are Parachute, Saffola, Hair & Care, and Set Wet, which are commonly found in many homes. It is a big company that provides useful products for hair care, health, and cooking that people use every day.
It is a well-known Indian company that makes daily-use products related to beauty, health, and food. Over time, it has grown from a small company into a big global business that sells its products in many countries. Its main goal is to make people’s lives better by giving useful and good-quality products that people use every day. The company focuses on new ideas, strong brands, and understanding what customers need. In 2026, its share price target would be ₹1041, as per stock market analysts.
According to stock market analysts, its share price would be between ₹678 to ₹1041 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 678 | 1041 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 719 | 780 |
| February | 708 | 813 |
| March | 690 | 835 |
| April | 678 | 855 |
| May | 721 | 887 |
| June | 733 | 900 |
| July | 745 | 931 |
| August | 775 | 957 |
| September | 790 | 978 |
| October | 811 | 990 |
| November | 825 | 1018 |
| December | 849 | 1041 |
Some of its popular brands are Parachute, Saffola, Hair & Care, Livon, Set Wet, Mediker, and Beardo. These brands make products like hair oil, cooking oil, grooming products, and personal care items. Many people trust these brands, its products are used by a large number of customers. In many homes, families use these products regularly in their daily lives. In 2027, its share price target would be ₹1360, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1010 to ₹1460 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 1010 | 1460 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1010 | 1157 |
| February | 1029 | 1175 |
| March | 1051 | 1198 |
| April | 1063 | 1226 |
| May | 1075 | 1265 |
| June | 1088 | 1285 |
| July | 1135 | 1300 |
| August | 1174 | 1329 |
| September | 1190 | 1358 |
| October | 1221 | 1378 |
| November | 1262 | 1411 |
| December | 1289 | 1460 |
It has also expanded its business outside India and now sells its products in many countries across Asia and Africa. The company focuses on places where people are becoming more interested in personal care and healthy food products. It makes products that suit the people by understanding the culture and needs of people in each country. Because of this, the company is able to reach more customers and grow its business step by step. In 2028, its share price target would be ₹1747, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1414 to ₹1747 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1414 | 1747 |
It has built a strong name over more than thirty years of business. During this time, the company has worked hard to gain the trust of customers, employees, and business partners. It started with a simple aim of giving good-quality products, but slowly it expanded into new products and new markets. The company believes in helping people while also growing its business. In 2029, its share price target would be ₹2071, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1705 to ₹2071 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1705 | 2071 |
The company keeps improving its products and launching new ones that fit modern lifestyles. As people are becoming more careful about their health and personal care, it creates a need for products that match these needs. This focus on innovation helps the company stay strong in a competitive market. It also helps Marico attract younger customers and grow its business in the future. In 2030, its share price target would be ₹2525, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2035 to ₹2525 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 2035 | 2525 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2035 | 2174 |
| February | 2074 | 2210 |
| March | 2110 | 2247 |
| April | 2135 | 2274 |
| May | 2158 | 2290 |
| June | 2187 | 2335 |
| July | 2232 | 2362 |
| August | 2274 | 2374 |
| September | 2290 | 2422 |
| October | 2321 | 2447 |
| November | 2358 | 2484 |
| December | 2384 | 2525 |
It also pays attention to protecting the environment and doing business in a responsible way. The company works to reduce harm to nature and support the communities connected to its work. It focuses on using raw materials responsibly and tries to reduce waste and plastic use. It also works on saving water and energy in its factories and operations. These efforts help the company grow while also caring for the environment and society. In 2040, its share price target would be ₹4850, as per stock market analysts.
According to stock market analysts, its share price would be between ₹4420 to ₹5022 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 4420 | 5022 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 4420 | 4587 |
| February | 4478 | 4641 |
| March | 4510 | 4678 |
| April | 4552 | 4701 |
| May | 4587 | 4735 |
| June | 4623 | 4768 |
| July | 4678 | 4790 |
| August | 4711 | 4835 |
| September | 4735 | 4855 |
| October | 4752 | 4887 |
| November | 4789 | 4935 |
| December | 4855 | 5022 |
Over the years, it has achieved strong growth in its business and income. The company earns a large amount of money from selling its products in India and many other countries. A good part of its income comes from international markets, which shows the importance of global business for the company. Because of this strong financial position, the company can invest in new ideas, new products, and marketing. In 2050, its share price target would be ₹8122, as per stock market analysts.
According to stock market analysts, its share price would be between ₹7539 to ₹8122 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 7539 | 8122 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 7539 | 7688 |
| February | 7584 | 7721 |
| March | 7620 | 7765 |
| April | 7632 | 7789 |
| May | 7655 | 7825 |
| June | 7689 | 7845 |
| July | 7732 | 7884 |
| August | 7755 | 7932 |
| September | 7789 | 7968 |
| October | 7821 | 7990 |
| November | 7823 | 8055 |
| December | 7850 | 8122 |
Should I buy Marico stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 678 | 1041 |
| 2027 | 1010 | 1460 |
| 2028 | 1414 | 1747 |
| 2029 | 1705 | 2071 |
| 2030 | 2035 | 2525 |
| 2040 | 4420 | 5022 |
| 2050 | 7539 | 8122 |
It works in the consumer goods industry, which can grow as people keep buying daily products like hair oil, cooking oil, and personal care items. The company also has many well-known and trusted brands, such as Parachute and Saffola, which is a good sign for its strong and stable business. But sometimes, the company’s profits are affected when the price of raw materials like coconut oil goes up, and the stock price is often seen as a little high compared to some other similar companies. So it may be more suitable for investors who want a stable company and plan to invest for a long time.
Marico earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 7,315 | 8,048 | 9,512 | 9,764 | 9,653 | 10,831 | 13,008 |
| Expenses + | 5,846 | 6,459 | 7,831 | 7,954 | 7,627 | 8,692 | 10,743 |
| Operating Profit | 1,469 | 1,589 | 1,681 | 1,810 | 2,026 | 2,139 | 2,265 |
| OPM % | 20% | 20% | 18% | 19% | 21% | 20% | 17% |
| Other Income + | 95 | 107 | 98 | 144 | 142 | 208 | 191 |
| Interest | 50 | 34 | 39 | 56 | 73 | 53 | 48 |
| Depreciation | 140 | 139 | 139 | 155 | 158 | 178 | 194 |
| Profit before tax | 1,374 | 1,523 | 1,601 | 1,743 | 1,937 | 2,116 | 2,214 |
| Tax % | 24% | 21% | 22% | 24% | 22% | 22% | |
| Net Profit + | 1,043 | 1,199 | 1,255 | 1,322 | 1,502 | 1,658 | 1,750 |
| EPS in Rs | 7.91 | 9.08 | 9.48 | 10.07 | 11.44 | 12.57 | 13.22 |
| Dividend Payout % | 85% | 83% | 97% | 45% | 83% | 83% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 56.02 | 22.51 | 1.41% | 31.20 | 7.63 | 1.97% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Marico Ltd | 58.94 | 22.51 | 1.41% |
| Godrej Consumer Products Ltd | 56.47 | 8.71 | 2.45% |
| Dabur India Ltd | 43.17 | 6.81 | 1.86% |
| Colgate-Palmolive (India) Ltd | 35.77 | 30.88 | 2.70% |
Is Marico stock good to buy? (bull case & bear case)
Bull Case:
- It made revenue of about ₹10,800+ crore in FY 2025, which shows the company’s business is growing steadily over the years.
- The company earned a net profit of around ₹1,400–₹1,500 crore in FY 2025, which means the company is making a good profit.
- Its quarterly revenue is usually around ₹2,500–₹2,800 crore, which shows people regularly buy its products.
- It sells its products in more than 25 countries in Asia and Africa, which helps the company earn money from global markets.
- The company has many well-known brands like Parachute and Saffola that many people trust and use daily.
- It works in the FMCG industry, which usually grows because people keep buying daily-use products like hair oil and food items.
Bear Case:
- The company’s profit can sometimes go down when the price of raw materials like copra increases.
- A large part of Marico’s income still comes from India, so if demand slows in India, growth can also slow.
- Some of its older product categories are growing slowly compared to newer FMCG products in the market.
- Many experts say the stock price is a bit high compared to some other similar companies.
Conclusion
It is a strong and well-known FMCG company with many trusted brands, and its products are used daily by millions of people in India and other countries. Over the years, the company has shown steady growth in its sales and profits, which means its business is stable and slowly growing. Since it works in the consumer goods industry, people usually keep buying its products, which is a good sign for long-term growth. Overall, it can be a good choice for long-term investors who want a stable company instead of expecting very fast short-term profits.
