Marico Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 42.8%)
- Efficient capital deployment (ROCE 47%)
- Low debt relative to equity (D/E 0.1x)
Concerns
- High premium to book value (P/B 23.8x)
Today's Price Action
The stock closed at ₹769.65 with zero change from the previous close. Trading volume matched the 20‑day average at 8,32,402 shares, indicating a typical participation level for the day.
Valuation Snapshot
Marico reports a trailing P/E of 52.8, considerably higher than the sector average of zero, reflecting premium earnings multiples. The company’s return on equity stands at 42.8%, signalling strong profitability relative to its book capital. The book‑to‑market ratio of zero indicates that the market value is negligible relative to shareholders’ equity, a rare occurrence in the FMCG space. Earnings per share have risen consistently over the past three fiscal years, contributing to the elevated multiple.
Key Levels to Watch
The current price sits near the lower end of the 52‑week range, 9.5% above the year‑low of ₹706 and 13.6% below the year‑high of ₹890. Open‑interest data points to modest support around ₹750 and resistance near ₹800, aligning with recent intraday swing points. Historical trading patterns show that the ₹750 support zone has held firm during previous sell‑offs, while the ₹800 barrier has acted as a ceiling during earlier rallies. Relative strength index hovers around 55, suggesting neutral momentum.
Chart Pattern
On the daily chart, a bullish engulfing candle formed three sessions ago, while a bearish engulfing candle appeared ten sessions ago. These opposite engulfing formations suggest periods of short‑term reversal momentum within the price action.
Data Summary
Key metrics include a P/E of 52.8, a P/B of 0, and an ROE of 42.8%, alongside a market capitalisation reported as ₹0 Cr. Volume for the day equalled the 20‑day average, and price movement remains confined between the ₹706–₹890 band. The company maintains a dividend payout of about 30% of earnings annually.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HINDUNILVR Hindustan Unilever Limited | ₹1,816 | ₹4.3L Cr | 38.7 | 8.77 | 31 | 28.4 | 0.04 |
| ITC ITC Limited | ₹260 | ₹3.2L Cr | 16.4 | 4.48 | 29.3 | 38.9 | 0.01 |
| NESTLEIND Nestle India Limited | ₹1,168 | ₹2.3L Cr | 57 | 38.93 | 74.2 | 85.3 | 0.08 |
| VBL Varun Beverages Limited | ₹405 | ₹1.3L Cr | 39.5 | 6.99 | 16.2 | 19.7 | 0.13 |
| BRITANNIA Britannia Industries Limited | ₹4,567 | ₹1.1L Cr | 42 | 21.54 | 53.5 | 56 | 0.59 |
| TATACONSUM TATA CONSUMER PRODUCTS LIMITED | ₹1,000 | ₹95K Cr | 57.8 | 4.55 | 7.35 | 9.24 | 0.13 |
| UNITDSPR United Spirits Limited | ₹1,227 | ₹91K Cr | 49.1 | 9.98 | 21.4 | 26.4 | 0.05 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MARICO · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 59.38% | 59.34% | 59.28% | 59.20% | 59.11% | 59.05% |
| FII | 25.69% | 25.55% | 24.61% | 24.87% | 23.35% | 22.09% |
| DII | 9.63% | 9.78% | 11.10% | 11.12% | 12.76% | 14.12% |
| Public | 5.12% | 5.13% | 4.80% | 4.61% | 4.61% | 4.53% |
| Govt | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
| Others | 0.08% | 0.11% | 0.11% | 0.11% | 0.08% | 0.12% |
Corporate Events
Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, November 2, 2026, to i
Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, August 4, 2026, to inter alia, cons
Dividend - Rs 4 Per Share
Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, May 5, 2026, to inter-a
Dividend - Rs 7 Per Share
Interim Dividend - Rs 3.50 Per Share
Interim Dividend - Rs. 6.50 Per Share
Interim Dividend - Rs 3 Per Share
Latest News
All newsMarico to host investor call on Q2 results
*Marico to host investor call on Q2 results.* The management will discuss financial performance for the quarter and half year ended September 30, 2026. The call is scheduled for November 2, 2026 at 6:00 p.m. IST. **Audio recording and transcript** will be available post-call for reference. 📊 *STOCKS:* $MARICO | 🏢 *SECTOR:* FMCG | #MEDIUMIMPACT #Earnings
Marico reports 89.3% drop in emissions intensity since FY13.
*Marico reports 89.3% reduction in operational emissions intensity since FY13.* This sustainability milestone highlights the company's long-term environmental commitment. While not a financial event, it strengthens ESG credentials. The news is likely to appeal to impact-focused investors. 📊 *STOCKS:* $MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #ESG
Nestle, ITC, Britannia, Marico Q2 results preview
*Nestle, ITC, Britannia, Marico Q2 results preview* covers key earning expectations ahead of their quarterly announcements. Analysts expect **revenue growth between 6-10%** and **margins under pressure due to input costs**. Target prices suggest **upside potential of 5-12%** post-results. Focus on volume trends and rural demand recovery. 📊 *STOCKS:* $NESTLEINDIA $ITC $BRITANNIA $MARICO | 🏢 *SECTOR:* FMCG | #MEDIUMIMPACT #Earnings
Marico shares to react on Q3 operating update
*Marico shares to react on Q3 operating update.* The company released a corporate filing on demand trends and operating performance for the quarter ended September 30, 2026. No financial figures or major strategic shifts were disclosed. Traders may assess subtle cues on volume and regional demand. 📊 *STOCKS:* MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #FMCG
Marico allots 15,600 shares under employee schemes
*Marico allots 15,600 shares under employee schemes.* The allotment was approved on September 24, 2026, under the ESOP 2016 scheme for eligible employees. Each share has a face value of **Re. 1**. This is a routine employee stock benefit exercise with minimal market impact. 📊 *STOCKS:* $MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #ESOP
Marico allots 1,451 shares under ESOP schemes
*Marico allots 1,451 shares under ESOP schemes.* The Securities Committee of Marico Limited allotted **1,451 equity shares** of Re. 1 face value each on August 10, 2026, under the ESOP 2016 scheme. The allotment follows the exercise of stock options by eligible grantees. The move is routine and part of ongoing employee incentive plans. 📊 *STOCKS:* $MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #ESOP
Marico announces 38th AGM and FY26 annual report dispatch
Marico has published newspaper notices confirming the dispatch of the 38th Annual General Meeting notice and Integrated Annual Report for FY26. The filing is part of mandatory compliance under SEBI regulations. No financial or operational updates were included. 📊 *STOCKS:* MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #AGM
Marico releases 2025-26 Business Responsibility and Sustainability Report
*Marico releases 2025-26 Business Responsibility and Sustainability Report* — Marico has published its Business Responsibility and Sustainability Report for FY 2025-26, part of its Integrated Annual Report. The report outlines the company’s ESG initiatives and corporate sustainability efforts. This is a routine regulatory disclosure with no immediate financial impact. 📊 *STOCKS:* MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #Sustainability
Marico to hold 38th AGM, annual report released
*Marico to hold 38th AGM, annual report released*. Marico Limited has announced its 38th Annual General Meeting and released the Integrated Annual Report for FY 2025-26. The notice and report are now available for shareholders. No immediate financial or strategic updates were disclosed. 📊 *STOCKS:* MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #AGM
Marico restructures group via Zed Lifestyle integration
*Marico restructures group via Zed Lifestyle integration* — Marico Limited announced an intra-group restructuring involving the integration of Zed Lifestyle Private Limited, its wholly-owned subsidiary. The move aims to streamline operations and optimize resources. No financial details or immediate market impact were disclosed. 📊 *STOCKS:* MARICO | 🏢 *SECTOR:* FMCG | #LOWIMPACT #Restructuring
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.5K Cr 1.6% | ₹3.5K Cr 8.1% | ₹3.2K Cr 18.0% | ₹2.7K Cr 2.3% | ₹2.8K Cr 4.9% | ₹2.7K Cr 0.8% | ₹2.6K Cr 16.0% | ₹2.3K Cr |
| Op. Profit | ₹592 Cr 5.7% | ₹560 Cr 14.5% | ₹655 Cr 43.0% | ₹458 Cr 14.1% | ₹533 Cr 2.1% | ₹522 Cr 16.6% | ₹626 Cr 41.6% | ₹442 Cr |
| OPM | 17.0% 6.3% | 16.0% 20.0% | 20.0% 17.6% | 17.0% 10.5% | 19.0% 5.0% | 20.0% 16.7% | 24.0% 26.3% | 19.0% |
| Net Profit | ₹460 Cr 6.5% | ₹432 Cr 15.8% | ₹513 Cr 48.7% | ₹345 Cr 15.0% | ₹406 Cr 6.2% | ₹433 Cr 8.6% | ₹474 Cr 48.1% | ₹320 Cr |
| EPS (₹) | 3.44 6.2% | 3.24 16.7% | 3.89 46.8% | 2.65 14.0% | 3.08 5.8% | 3.27 8.7% | 3.58 45.5% | 2.46 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹13.6K Cr 25.7% | ₹10.8K Cr 12.2% | ₹9.7K Cr 1.1% | ₹9.8K Cr 2.6% | ₹9.5K Cr 18.2% | ₹8.0K Cr 10.0% | ₹7.3K Cr 0.3% | ₹7.3K Cr 16.0% | ₹6.3K Cr 6.8% | ₹5.9K Cr |
| Expenses | ₹11.3K Cr 29.8% | ₹8.7K Cr 14.0% | ₹7.6K Cr 4.1% | ₹8.0K Cr 1.6% | ₹7.8K Cr 21.2% | ₹6.5K Cr 10.5% | ₹5.8K Cr 2.7% | ₹6.0K Cr 15.9% | ₹5.2K Cr 9.0% | ₹4.8K Cr |
| Op. Profit | ₹2.3K Cr 8.8% | ₹2.1K Cr 5.6% | ₹2.0K Cr 11.9% | ₹1.8K Cr 7.7% | ₹1.7K Cr 5.8% | ₹1.6K Cr 8.2% | ₹1.5K Cr 10.9% | ₹1.3K Cr 16.5% | ₹1.1K Cr 1.9% | ₹1.2K Cr |
| OPM | 17.0% 15.0% | 20.0% 4.8% | 21.0% 10.5% | 19.0% 5.6% | 18.0% 10.0% | 20.0% 0.0% | 20.0% 11.1% | 18.0% 0.0% | 18.0% 10.0% | 20.0% |
| Other Income | ₹204 Cr 1.9% | ₹208 Cr 46.5% | ₹142 Cr 1.4% | ₹144 Cr 46.9% | ₹98 Cr 8.4% | ₹107 Cr 12.6% | ₹95 Cr 7.8% | ₹103 Cr 21.2% | ₹85 Cr 11.5% | ₹96 Cr |
| Interest | ₹53 Cr 0.0% | ₹53 Cr 27.4% | ₹73 Cr 30.4% | ₹56 Cr 43.6% | ₹39 Cr 14.7% | ₹34 Cr 32.0% | ₹50 Cr 25.0% | ₹40 Cr 150.0% | ₹16 Cr 5.9% | ₹17 Cr |
| Depreciation | ₹202 Cr 13.5% | ₹178 Cr 12.7% | ₹158 Cr 1.9% | ₹155 Cr 11.5% | ₹139 Cr 0.0% | ₹139 Cr 0.7% | ₹140 Cr 6.9% | ₹131 Cr 47.2% | ₹89 Cr 1.1% | ₹90 Cr |
| PBT | ₹2.3K Cr 7.6% | ₹2.1K Cr 9.2% | ₹1.9K Cr 11.1% | ₹1.7K Cr 8.9% | ₹1.6K Cr 5.1% | ₹1.5K Cr 10.8% | ₹1.4K Cr 9.3% | ₹1.3K Cr 12.5% | ₹1.1K Cr 2.8% | ₹1.1K Cr |
| Tax % | 20.0% 9.1% | 22.0% 0.0% | 22.0% 8.3% | 24.0% 9.1% | 22.0% 4.8% | 21.0% 12.5% | 24.0% 140.0% | 10.0% 61.5% | 26.0% 10.3% | 29.0% |
| Net Profit | ₹1.8K Cr 9.3% | ₹1.7K Cr 10.4% | ₹1.5K Cr 13.6% | ₹1.3K Cr 5.3% | ₹1.3K Cr 4.7% | ₹1.2K Cr 15.0% | ₹1.0K Cr 7.8% | ₹1.1K Cr 36.8% | ₹827 Cr 2.0% | ₹811 Cr |
| EPS (₹) | 13.57 8.0% | 12.57 9.9% | 11.44 13.6% | 10.07 6.2% | 9.48 4.4% | 9.08 14.8% | 7.91 8.3% | 8.63 36.8% | 6.31 1.9% | 6.19 |
| Div Payout | 30.0% 63.9% | 83.0% 0.0% | 83.0% 84.4% | 45.0% 53.6% | 97.0% 16.9% | 83.0% 2.4% | 85.0% 54.5% | 55.0% 17.9% | 67.0% 17.5% | 57.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹130 Cr 0.8% | ₹129 Cr 0.0% | ₹129 Cr 0.0% | ₹129 Cr 0.0% | ₹129 Cr 0.0% | ₹129 Cr 0.0% | ₹129 Cr 0.0% | ₹129 Cr 0.0% | ₹129 Cr 0.0% | ₹129 Cr |
| Reserves | ₹3.9K Cr 2.0% | ₹3.8K Cr 3.9% | ₹3.7K Cr 0.9% | ₹3.7K Cr 14.0% | ₹3.2K Cr 3.5% | ₹3.1K Cr 7.5% | ₹2.9K Cr 1.7% | ₹2.8K Cr 17.9% | ₹2.4K Cr 9.9% | ₹2.2K Cr |
| Borrowings | ₹575 Cr 3.8% | ₹554 Cr 4.9% | ₹528 Cr 13.2% | ₹608 Cr 26.9% | ₹479 Cr 6.3% | ₹511 Cr 51.2% | ₹338 Cr 4.0% | ₹352 Cr 12.8% | ₹312 Cr 30.5% | ₹239 Cr |
| Other Liabilities | ₹4.1K Cr 8.2% | ₹3.7K Cr 25.2% | ₹3.0K Cr 25.1% | ₹2.4K Cr 29.4% | ₹1.9K Cr 10.4% | ₹1.7K Cr 4.5% | ₹1.6K Cr 2.2% | ₹1.6K Cr 28.9% | ₹1.2K Cr 14.9% | ₹1.1K Cr |
| Total Liabilities | ₹8.7K Cr 4.9% | ₹8.3K Cr 12.5% | ₹7.4K Cr 8.1% | ₹6.8K Cr 19.8% | ₹5.7K Cr 4.6% | ₹5.4K Cr 9.3% | ₹5.0K Cr 1.4% | ₹4.9K Cr 20.2% | ₹4.1K Cr 12.4% | ₹3.6K Cr |
Assets | ||||||||||
| Fixed Assets | ₹2.8K Cr 1.2% | ₹2.8K Cr 1.2% | ₹2.7K Cr 21.3% | ₹2.2K Cr 27.6% | ₹1.8K Cr 9.2% | ₹1.6K Cr 15.5% | ₹1.4K Cr 7.4% | ₹1.3K Cr 17.1% | ₹1.1K Cr 2.3% | ₹1.1K Cr |
| CWIP | ₹52 Cr 30.0% | ₹40 Cr 9.1% | ₹44 Cr 34.3% | ₹67 Cr 71.8% | ₹39 Cr 62.5% | ₹24 Cr 58.6% | ₹58 Cr 28.9% | ₹45 Cr 66.7% | ₹27 Cr 145.5% | ₹11 Cr |
| Investments | ₹1.4K Cr 12.3% | ₹1.6K Cr 164.1% | ₹602 Cr 45.1% | ₹1.1K Cr 32.4% | ₹828 Cr 3.0% | ₹854 Cr 16.5% | ₹733 Cr 62.9% | ₹450 Cr 17.1% | ₹543 Cr 10.7% | ₹608 Cr |
| Other Assets | ₹4.4K Cr 14.3% | ₹3.9K Cr 2.4% | ₹4.0K Cr 17.5% | ₹3.4K Cr 11.2% | ₹3.0K Cr 3.9% | ₹2.9K Cr 5.7% | ₹2.8K Cr 10.4% | ₹3.1K Cr 29.6% | ₹2.4K Cr 24.6% | ₹1.9K Cr |
| Total Assets | ₹8.7K Cr 4.9% | ₹8.3K Cr 12.5% | ₹7.4K Cr 8.1% | ₹6.8K Cr 19.8% | ₹5.7K Cr 4.6% | ₹5.4K Cr 9.3% | ₹5.0K Cr 1.4% | ₹4.9K Cr 20.2% | ₹4.1K Cr 12.4% | ₹3.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.4K Cr 1.7% | ₹1.4K Cr 2.3% | ₹1.4K Cr 39.7% | ₹1.0K Cr 49.4% | ₹2.0K Cr 65.3% | ₹1.2K Cr 14.3% | ₹1.1K Cr 105.8% | ₹516 Cr 20.5% | ₹649 Cr 20.7% | ₹818 Cr |
| Investing CF | ₹-621 Cr 452.8% | ₹176 Cr 119.0% | ₹-928 Cr 310.4% | ₹441 Cr 147.3% | ₹-933 Cr 4140.9% | ₹-22 Cr 94.0% | ₹-367 Cr 722.0% | ₹59 Cr 147.2% | ₹-125 Cr 38.4% | ₹-203 Cr |
| Financing CF | ₹-649 Cr 57.9% | ₹-1.5K Cr 175.4% | ₹-560 Cr 56.6% | ₹-1.3K Cr 21.9% | ₹-1.1K Cr 7.8% | ₹-1.1K Cr 64.3% | ₹-698 Cr 23.1% | ₹-567 Cr 1.2% | ₹-574 Cr 4.5% | ₹-601 Cr |
| Net Cash Flow | ₹93 Cr 342.9% | ₹21 Cr 130.4% | ₹-69 Cr 141.3% | ₹167 Cr 943.8% | ₹16 Cr 64.4% | ₹45 Cr 1600.0% | ₹-3 Cr 137.5% | ₹8 Cr 115.7% | ₹-51 Cr 464.3% | ₹14 Cr |
| Free Cash Flow | ₹1.2K Cr 0.6% | ₹1.2K Cr 0.2% | ₹1.2K Cr 39.9% | ₹884 Cr 52.7% | ₹1.9K Cr 80.9% | ₹1.0K Cr 12.5% | ₹919 Cr 136.9% | ₹388 Cr 31.6% | ₹567 Cr 22.4% | ₹731 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43d 7.5% | 40d 5.3% | 38d 52.0% | 25d 38.9% | 18d 33.3% | 27d 3.8% | 26d 30.0% | 20d 33.3% | 15d 0.0% | 15d |
| Inventory Days | 93d 19.8% | 116d 23.4% | 94d 11.3% | 106d 1.9% | 108d 31.2% | 157d 6.8% | 147d 22.6% | 190d 1.6% | 193d 75.5% | 110d |
| Days Payable | 103d 24.8% | 137d 22.3% | 112d 10.9% | 101d 7.3% | 109d 0.9% | 108d 10.2% | 98d 4.9% | 103d 3.7% | 107d 33.8% | 80d |
| Cash Conv. Cycle | 33d 73.7% | 19d 5.0% | 20d 33.3% | 30d 76.5% | 17d 77.6% | 76d 2.7% | 74d 30.2% | 106d 5.0% | 101d 119.6% | 46d |
| Working Capital Days | 16d 14.3% | 14d 600.0% | 2d 60.0% | 5d 145.5% | -11d 145.8% | 24d 11.1% | 27d 27.0% | 37d 60.9% | 23d | 0d |
| ROCE | 45.0% 4.7% | 43.0% 2.4% | 42.0% 2.3% | 43.0% 0.0% | 43.0% 0.0% | 43.0% 2.4% | 42.0% 0.0% | 42.0% 6.7% | 45.0% 2.3% | 44.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Marico Limited
Marico Limited is one of India's leading consumer goods companies operating in global beauty and wellness categories. It is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, male grooming and fabric care.[1]
Fast Moving Consumer GoodsAgricultural Food & other Products