Marico Limited

NSEI:MARICO Stock Report

Market Cap: ₹956.1b

Marico Future Growth

Future criteria checks 2/6

Marico is forecast to grow earnings and revenue by 13.7% and 9.3% per annum respectively. EPS is expected to grow by 13.8% per annum. Return on equity is forecast to be 45.8% in 3 years.

Key information

13.7%

Earnings growth rate

13.80%

EPS growth rate

Food earnings growth17.2%
Revenue growth rate9.3%
Future return on equity45.76%
Analyst coverage

Good

Last updated03 Dec 2025

Recent future growth updates

Earnings Miss: Marico Limited Missed EPS By 6.7% And Analysts Are Revising Their Forecasts

Nov 17
Earnings Miss: Marico Limited Missed EPS By 6.7% And Analysts Are Revising Their Forecasts

Marico Limited (NSE:MARICO) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Aug 07
Marico Limited (NSE:MARICO) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

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?

Recent updates

Risks To Shareholder Returns Are Elevated At These Prices For Marico Limited (NSE:MARICO)

Dec 05
Risks To Shareholder Returns Are Elevated At These Prices For Marico Limited (NSE:MARICO)

Earnings Miss: Marico Limited Missed EPS By 6.7% And Analysts Are Revising Their Forecasts

Nov 17
Earnings Miss: Marico Limited Missed EPS By 6.7% And Analysts Are Revising Their Forecasts

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

Nov 10
Many Would Be Envious Of Marico's (NSE:MARICO) Excellent Returns On Capital

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

Sep 28
Here's Why We Think Marico (NSE:MARICO) Is Well Worth Watching

Marico Limited's (NSE:MARICO) Shareholders Might Be Looking For Exit

Aug 22
Marico Limited's (NSE:MARICO) Shareholders Might Be Looking For Exit

Marico Limited (NSE:MARICO) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Aug 07
Marico Limited (NSE:MARICO) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

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

Aug 02
We Think Some Shareholders May Hesitate To Increase Marico Limited's (NSE:MARICO) CEO Compensation

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

Jun 29
Here's Why Marico (NSE:MARICO) Can Manage Its Debt Responsibly

With EPS Growth And More, Marico (NSE:MARICO) Makes An Interesting Case

Jun 11
With EPS Growth And More, Marico (NSE:MARICO) Makes An Interesting Case

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

Earnings and Revenue Growth Forecasts

NSEI:MARICO - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2028158,58723,79222,75624,96433
3/31/2027143,19420,98220,05421,92437
3/31/2026133,65417,70915,70417,06534
9/30/2025122,65016,66015,50017,450N/A
6/30/2025114,47016,690N/AN/AN/A
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
3/31/202496,53014,81012,34013,870N/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
3/31/201973,34011,140N/A10,620N/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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARICO's forecast earnings growth (13.7% per year) is above the savings rate (6.8%).

Earnings vs Market: MARICO's earnings (13.7% per year) are forecast to grow slower than the Indian market (16.3% per year).

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

Revenue vs Market: MARICO's revenue (9.3% per year) is forecast to grow slower than the Indian market (10.8% per year).

High Growth Revenue: MARICO's revenue (9.3% 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 (45.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/06 04:09
End of Day Share Price 2025/12/05 00:00
Earnings2025/09/30
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. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sanket GharatAmbit Capital
Nitin BhasinAmbit Capital
Ashwin MehtaAmbit Capital