Emkay Global assigns Marico Ltd buy rating and ₹1,000 target

Business Nov 03, 2026

Emkay Global just gave Marico Ltd. the company behind Parachute and Saffola, a thumbs up with a "buy" rating and a target price of ₹1,000 per share.

This comes after Marico posted strong Q2 FY27 numbers, including 13% revenue growth and solid jumps in profits.

Cheaper copra boosts Marico Ltd earnings

Lower raw material costs (thanks to cheaper copra) helped Marico boost earnings, with EBITDA up 27% and profit after tax up 31%.

Its core brands like Parachute and Value Added Hair Oils saw double-digit growth.

Even with higher ad spending, Marico expects double-digit volume growth ahead.

Emkay likes its brand strength and innovation, but trimmed the target price slightly due to possible risks like inflation or weather swings.