Marico Limited

NSEI:MARICO Stock Report

Market Cap: ₹927.3b

Marico Future Growth

Future criteria checks 2/6

Marico is forecast to grow earnings and revenue by 10.5% and 9% per annum respectively. EPS is expected to grow by 10.5% per annum. Return on equity is forecast to be 46.3% in 3 years.

Key information

10.5%

Earnings growth rate

10.50%

EPS growth rate

Food earnings growth14.7%
Revenue growth rate9.0%
Future return on equity46.31%
Analyst coverage

Good

Last updated20 May 2025

Recent future growth updates

Marico Limited (NSE:MARICO) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

May 06
Marico Limited (NSE:MARICO) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Earnings Update: Here's Why Analysts Just Lifted Their Marico Limited (NSE:MARICO) Price Target To ₹696

Aug 08
Earnings Update: Here's Why Analysts Just Lifted Their Marico Limited (NSE:MARICO) Price Target To ₹696

Recent updates

Shareholders Are Optimistic That Marico (NSE:MARICO) Will Multiply In Value

May 24
Shareholders Are Optimistic That Marico (NSE:MARICO) Will Multiply In Value

Marico Limited (NSE:MARICO) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

May 06
Marico Limited (NSE:MARICO) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Marico Limited (NSE:MARICO) Investors Are Less Pessimistic Than Expected

Apr 14
Marico Limited (NSE:MARICO) Investors Are Less Pessimistic Than Expected

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

Mar 24
Does Marico (NSE:MARICO) Have A Healthy Balance Sheet?

Is Now The Time To Put Marico (NSE:MARICO) On Your Watchlist?

Mar 06
Is Now The Time To Put Marico (NSE:MARICO) On Your Watchlist?

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

Feb 19
Marico (NSE:MARICO) Is Aiming To Keep Up Its Impressive Returns

Pinning Down Marico Limited's (NSE:MARICO) P/E Is Difficult Right Now

Jan 13
Pinning Down Marico Limited's (NSE:MARICO) P/E Is Difficult Right Now

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

Nov 28
Here's Why We Think Marico (NSE:MARICO) Might Deserve Your Attention Today

Here's Why Marico (NSE:MARICO) Can Manage Its Debt Responsibly

Nov 13
Here's Why Marico (NSE:MARICO) Can Manage Its Debt Responsibly

Earnings Update: Here's Why Analysts Just Lifted Their Marico Limited (NSE:MARICO) Price Target To ₹696

Aug 08
Earnings Update: Here's Why Analysts Just Lifted Their Marico Limited (NSE:MARICO) Price Target To ₹696

We Think Some Shareholders May Hesitate To Increase Marico Limited's (NSE:MARICO) CEO Compensation

Aug 03
We Think Some Shareholders May Hesitate To Increase Marico Limited's (NSE:MARICO) CEO Compensation

Does Marico (NSE:MARICO) Deserve A Spot On Your Watchlist?

Jul 03
Does Marico (NSE:MARICO) Deserve A Spot On Your Watchlist?

Many Would Be Envious Of Marico's (NSE:MARICO) Excellent Returns On Capital

Jun 18
Many Would Be Envious Of Marico's (NSE:MARICO) Excellent Returns On Capital

Earnings Not Telling The Story For Marico Limited (NSE:MARICO)

Jun 05
Earnings Not Telling The Story For Marico Limited (NSE:MARICO)

Earnings and Revenue Growth Forecasts

NSEI:MARICO - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2028146,29022,60821,48823,73918
3/31/2027133,50420,60619,83521,58939
3/31/2026121,34518,16617,12518,95538
3/31/2025108,31016,29012,02013,630N/A
12/31/2024103,79016,040N/AN/AN/A
9/30/2024100,07015,8807,9509,760N/A
6/30/202498,19015,180N/AN/AN/A
3/31/202496,53014,81012,83014,360N/A
12/31/202396,15014,650N/AN/AN/A
9/30/202396,63014,10014,34016,140N/A
6/30/202396,83013,580N/AN/AN/A
3/31/202397,64013,02012,37014,190N/A
12/31/202296,85012,500N/AN/AN/A
9/30/202296,22012,32010,19011,700N/A
6/30/202295,45012,400N/AN/AN/A
3/31/202295,12012,2508,84010,160N/A
12/31/202193,63011,950N/AN/AN/A
9/30/202190,78011,92014,11015,860N/A
6/30/202186,48011,470N/AN/AN/A
3/31/202180,48011,72018,65020,070N/A
12/31/202075,32011,460N/AN/AN/A
9/30/202072,34011,11011,68014,610N/A
6/30/202070,74010,940N/AN/AN/A
3/31/202073,15010,21010,26012,140N/A
12/31/201974,28012,310N/AN/AN/A
9/30/201974,65012,0509,53010,860N/A
6/30/201974,73011,710N/AN/AN/A
3/31/201973,34011,1409,00010,620N/A
12/31/201872,0478,977N/AN/AN/A
9/30/201869,6808,710N/AN/AN/A
6/30/201866,6758,382N/AN/AN/A
3/31/201863,2208,140N/A5,160N/A
12/31/201761,5678,026N/AN/AN/A
9/30/201759,4377,710N/AN/AN/A
6/30/201758,4707,665N/AN/AN/A
3/31/201759,1787,986N/A6,487N/A
12/31/201660,1197,773N/AN/AN/A
9/30/201661,2557,914N/AN/AN/A
6/30/201661,3637,640N/AN/AN/A
3/31/201660,1737,115N/A8,176N/A
12/31/201560,5136,964N/AN/AN/A
9/30/201559,4736,585N/AN/AN/A
6/30/201558,9316,260N/AN/AN/A
3/31/201557,3305,735N/A6,648N/A
12/31/201455,7745,522N/AN/AN/A
9/30/201453,2695,277N/AN/AN/A
6/30/201449,2615,129N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARICO's forecast earnings growth (10.5% per year) is above the savings rate (6.7%).

Earnings vs Market: MARICO's earnings (10.5% per year) are forecast to grow slower than the Indian market (15% per year).

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

Revenue vs Market: MARICO's revenue (9% per year) is forecast to grow slower than the Indian market (9.3% per year).

High Growth Revenue: MARICO's revenue (9% 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 very high in 3 years time (46.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/28 11:35
End of Day Share Price 2025/05/28 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Marico Limited is covered by 75 analysts. 39 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nihal JhamAmbit Capital
Sanket GharatAmbit Capital
Nitin BhasinAmbit Capital