Marico Future Growth

Future criteria checks 2/6

Marico is forecast to grow earnings and revenue by 9.6% and 9.1% per annum respectively. EPS is expected to grow by 9.5% per annum. Return on equity is forecast to be 34.9% in 3 years.

Key information

9.6%

Earnings growth rate

9.5%

EPS growth rate

Food earnings growth	19.7%
Revenue growth rate	9.1%
Future return on equity	34.9%
Analyst coverage	Good
Last updated	22 Apr 2024

Recent future growth updates

Here's What Analysts Are Forecasting For Marico Limited (NSE:MARICO) After Its Third-Quarter Results

Feb 01

Marico Limited (NSE:MARICO) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Jan 29

Recent updates

Here's What Analysts Are Forecasting For Marico Limited (NSE:MARICO) After Its Third-Quarter Results

Feb 01

Marico Limited's (NSE:MARICO) Popularity With Investors Is Under Threat From Overpricing

Jan 24

Is Marico (NSE:MARICO) A Risky Investment?

Dec 29

Marico (NSE:MARICO) Is Aiming To Keep Up Its Impressive Returns

Nov 30

Here's Why We Think Marico (NSE:MARICO) Is Well Worth Watching

Nov 17

Marico (NSE:MARICO) Has A Rock Solid Balance Sheet

Sep 18

If EPS Growth Is Important To You, Marico (NSE:MARICO) Presents An Opportunity

Aug 18

Why You Should Care About Marico's (NSE:MARICO) Strong Returns On Capital

Aug 02

Marico (NSE:MARICO) Seems To Use Debt Rather Sparingly

Jun 08

Here's Why We Think Marico (NSE:MARICO) Might Deserve Your Attention Today

May 10

Why You Should Care About Marico's (NSE:MARICO) Strong Returns On Capital

Apr 27

Why You Should Care About Marico's (NSE:MARICO) Strong Returns On Capital

Jan 14

We Think Marico (NSE:MARICO) Can Manage Its Debt With Ease

Dec 28

Capital Investment Trends At Marico (NSE:MARICO) Look Strong

Oct 08

Does Marico (NSE:MARICO) Have A Healthy Balance Sheet?

Sep 23

Marico (NSE:MARICO) Ticks All The Boxes When It Comes To Earnings Growth

Jul 24

Investors Shouldn't Overlook The Favourable Returns On Capital At Marico (NSE:MARICO)

Jun 27

Does Marico (NSE:MARICO) Have A Healthy Balance Sheet?

Jun 13

Here's Why I Think Marico (NSE:MARICO) Might Deserve Your Attention Today

Apr 12

These 4 Measures Indicate That Marico (NSE:MARICO) Is Using Debt Safely

Feb 26

Should You Be Adding Marico (NSE:MARICO) To Your Watchlist Today?

Dec 22

Is Marico (NSE:MARICO) A Risky Investment?

Nov 18

Marico (NSE:MARICO) Knows How To Allocate Capital

Oct 12

I Built A List Of Growing Companies And Marico (NSE:MARICO) Made The Cut

Sep 22

Here's Why Shareholders May Want To Be Cautious With Increasing Marico Limited's (NSE:MARICO) CEO Pay Packet

Aug 23

Marico (NSE:MARICO) Knows How To Allocate Capital

Jul 09

We Think Marico (NSE:MARICO) Can Manage Its Debt With Ease

Jun 26

Here's Why I Think Marico (NSE:MARICO) Is An Interesting Stock

Jun 14

We Like The Quality Of Marico's (NSE:MARICO) Earnings

May 07

Investors Shouldn't Overlook The Favourable Returns On Capital At Marico (NSE:MARICO)

Apr 09

Would Marico Limited (NSE:MARICO) Be Valuable To Income Investors?

Mar 21

Income Investors Should Know That Marico Limited (NSE:MARICO) Goes Ex-Dividend Soon

Mar 05

Marico (NSE:MARICO) Has A Rock Solid Balance Sheet

Feb 24

Is Marico Limited's(NSE:MARICO) Recent Stock Performance Tethered To Its Strong Fundamentals?

Feb 11

Marico Limited (NSE:MARICO) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Jan 29

Here's What We Think About Marico's (NSE:MARICO) CEO Pay

Jan 24

Earnings and Revenue Growth Forecasts

NSEI:MARICO - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	125,464	19,655	18,590	N/A	2
3/31/2026	117,989	18,241	17,707	N/A	35
3/31/2025	106,999	16,352	15,868	N/A	36
3/31/2024	97,050	14,809	15,004	N/A	36
12/31/2023	96,150	14,650	N/A	N/A	N/A
9/30/2023	96,630	14,100	14,340	16,140	N/A
6/30/2023	96,830	13,580	N/A	N/A	N/A
3/31/2023	97,640	13,020	12,370	14,190	N/A
12/31/2022	96,850	12,500	N/A	N/A	N/A
9/30/2022	96,220	12,320	10,190	11,700	N/A
6/30/2022	95,450	12,400	N/A	N/A	N/A
3/31/2022	95,120	12,250	8,840	10,160	N/A
12/31/2021	93,630	11,950	N/A	N/A	N/A
9/30/2021	90,780	11,920	14,110	15,860	N/A
6/30/2021	86,480	11,470	N/A	N/A	N/A
3/31/2021	80,480	11,720	18,650	20,070	N/A
12/31/2020	75,320	11,460	N/A	N/A	N/A
9/30/2020	72,340	11,110	11,680	14,610	N/A
6/30/2020	70,740	10,940	N/A	N/A	N/A
3/31/2020	73,150	10,210	10,260	12,140	N/A
12/31/2019	74,280	12,310	N/A	N/A	N/A
9/30/2019	74,650	12,050	9,530	10,860	N/A
6/30/2019	74,730	11,710	N/A	N/A	N/A
3/31/2019	73,340	11,140	9,000	10,620	N/A
12/31/2018	72,047	8,977	N/A	N/A	N/A
9/30/2018	69,680	8,710	N/A	N/A	N/A
6/30/2018	66,675	8,382	N/A	N/A	N/A
3/31/2018	63,220	8,140	3,890	5,160	N/A
12/31/2017	61,567	8,026	N/A	N/A	N/A
9/30/2017	59,437	7,710	N/A	N/A	N/A
6/30/2017	58,470	7,665	N/A	N/A	N/A
3/31/2017	59,178	7,986	N/A	6,487	N/A
12/31/2016	60,119	7,773	N/A	N/A	N/A
9/30/2016	61,255	7,914	N/A	N/A	N/A
6/30/2016	61,363	7,640	N/A	N/A	N/A
3/31/2016	60,173	7,115	N/A	8,176	N/A
12/31/2015	60,513	6,964	N/A	N/A	N/A
9/30/2015	59,473	6,585	N/A	N/A	N/A
6/30/2015	58,931	6,260	N/A	N/A	N/A
3/31/2015	57,330	5,735	N/A	6,648	N/A
12/31/2014	55,774	5,522	N/A	N/A	N/A
9/30/2014	53,269	5,277	N/A	N/A	N/A
6/30/2014	49,261	5,129	N/A	N/A	N/A
3/31/2014	46,865	4,854	N/A	6,605	N/A
12/31/2013	43,168	5,175	N/A	N/A	N/A
9/30/2013	42,825	4,844	N/A	N/A	N/A
6/30/2013	44,100	4,668	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARICO's forecast earnings growth (9.6% per year) is above the savings rate (6.7%).

Earnings vs Market: MARICO's earnings (9.6% per year) are forecast to grow slower than the Indian market (17.5% per year).

High Growth Earnings: MARICO's earnings are forecast to grow, but not significantly.

Revenue vs Market: MARICO's revenue (9.1% per year) is forecast to grow slower than the Indian market (10% per year).

High Growth Revenue: MARICO's revenue (9.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MARICO's Return on Equity is forecast to be high in 3 years time (34.9%)

Marico Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Here's What Analysts Are Forecasting For Marico Limited (NSE:MARICO) After Its Third-Quarter Results

Price target increased to ₹546

Price target raised to ₹457

Marico Limited (NSE:MARICO) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Recent updates

Marico Limited to Report Q4, 2024 Results on May 06, 2024

Marico Limited Appoints Mr. Akash Banerjee as Executive Vice President -Premium Personal Care, Media and Digital Transformation, Effective March 20, 2024

Marico (NSE:MARICO) Is Reinvesting To Multiply In Value

Marico (NSE:MARICO) Is Increasing Its Dividend To ₹6.50

Dividend of ₹6.50 announced

Here's Why We Think Marico (NSE:MARICO) Might Deserve Your Attention Today

Marico Limited Approves Second Interim Equity Dividend for the Financial Year 2023-2024, Payable on or Before March 28, 2024

Marico Limited Introduces Four Gourmet-Style Flavours in Its Flavoured Oats Range, Under Its Brand - Saffola

Here's What Analysts Are Forecasting For Marico Limited (NSE:MARICO) After Its Third-Quarter Results

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Marico Limited's (NSE:MARICO) Popularity With Investors Is Under Threat From Overpricing

Marico Limited to Report Q3, 2024 Results on Jan 29, 2024

Is Marico (NSE:MARICO) A Risky Investment?

Marico (NSE:MARICO) Is Aiming To Keep Up Its Impressive Returns

Here's Why We Think Marico (NSE:MARICO) Is Well Worth Watching

Marico Limited Declares Interim Equity Dividend for the Financial Year 2023-24, Payable on or Before November 29, 2023

Second quarter 2024 earnings: EPS misses analyst expectations

Marico Limited Informed of the Appointment of Mr. Koteshwar L N as Executive Vice President & Head Digital Business with Effect from November 1, 2023

Marico Limited to Report Q2, 2024 Results on Oct 30, 2023

Marico (NSE:MARICO) Has A Rock Solid Balance Sheet

Marico Limited Announces Executive Changes

If EPS Growth Is Important To You, Marico (NSE:MARICO) Presents An Opportunity

Marico Limited Approves Interim Dividend for the Financial Year Ended March 31, 2023

Insider recently bought ₹23m worth of stock

Why You Should Care About Marico's (NSE:MARICO) Strong Returns On Capital

High number of new directors

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Marico Limited, Annual General Meeting, Aug 11, 2023

Marico Limited, Annual General Meeting, Aug 11, 2023

High number of new directors

Marico (NSE:MARICO) Seems To Use Debt Rather Sparingly

Here's Why We Think Marico (NSE:MARICO) Might Deserve Your Attention Today

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Marico Limited Appoints Rajan Bharti Mittal as Additional Director

Why You Should Care About Marico's (NSE:MARICO) Strong Returns On Capital

Insider recently sold ₹318m worth of stock

Third quarter 2023 earnings: EPS exceeds analyst expectations

Marico Limited to Report Q3, 2023 Results on Feb 03, 2023

Why You Should Care About Marico's (NSE:MARICO) Strong Returns On Capital

We Think Marico (NSE:MARICO) Can Manage Its Debt With Ease

Insider recently sold ₹3.3m worth of stock

Second quarter 2023 earnings: EPS misses analyst expectations

Marico Limited to Report Q2, 2023 Results on Nov 04, 2022

Capital Investment Trends At Marico (NSE:MARICO) Look Strong

Does Marico (NSE:MARICO) Have A Healthy Balance Sheet?

Insider recently sold ₹7.8m worth of stock

Insider recently sold ₹10m worth of stock

Marico Limited Announces Interim Dividend for the Financial Year Ended March 31, 2022

High number of new directors

Marico (NSE:MARICO) Ticks All The Boxes When It Comes To Earnings Growth

Full year 2022 earnings: EPS misses analyst expectations

Marico Limited to Report Q1, 2023 Results on Aug 06, 2022

Marico Limited, Annual General Meeting, Aug 05, 2022

Investors Shouldn't Overlook The Favourable Returns On Capital At Marico (NSE:MARICO)

Does Marico (NSE:MARICO) Have A Healthy Balance Sheet?

Insider recently sold ₹22m worth of stock

Marico Limited (BSE:531642) acquired 53.98% stake in HW Wellness Solutions Private Limited.

Full year 2022 earnings: EPS misses analyst expectations

Marico Limited to Report Q4, 2022 Results on May 05, 2022

Here's Why I Think Marico (NSE:MARICO) Might Deserve Your Attention Today

Marico Limited Appoints Nikhil Khattau as the Lead Independent Director

Marico Limited Announces Cessation of B. S. Nagesh as Independent Director

These 4 Measures Indicate That Marico (NSE:MARICO) Is Using Debt Safely

Marico Appoints Ankit Desai as Head - Media & Digital Marketing for Its India and Global Centre of Excellence

Third quarter 2022 earnings: EPS misses analyst expectations

Should You Be Adding Marico (NSE:MARICO) To Your Watchlist Today?

Is Marico (NSE:MARICO) A Risky Investment?

Upcoming dividend of ₹3.00 per share

Second quarter 2022 earnings released: EPS ₹2.39 (vs ₹2.05 in 2Q 2021)

Marico (NSE:MARICO) Knows How To Allocate Capital

Chief Human Resource Officer recently sold ₹2.5m worth of stock