MARICO SHARE PRICE TARGET OF 2024, 2025 TO 2030

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Marico Limited, a prominent player in India’s consumer goods industry, specializes in global beauty and wellness products. Its operations span across more than 25 countries, primarily in emerging markets of Asia and Africa.

On 13th October 1988, Marico Limited came into existence initially known as Marico Foods Limited. The company underwent a name change in 1989 and became Marico Industries Limited. In 1992, Marico established its first international office in Dubai, and subsequently, in 1996, the company was listed on the Indian stock exchange.

This article aims to explore the share price target of Marico from 2024 to 2030, as well as analyze the viability of Marico as a promising stock to consider for investment.

Marico Q4 Results: Net Profit Up 5% at ₹320 Crore

Net Profit: Marico Ltd reported a consolidated net profit of ₹320 crore for Q4 FY23-24, up 4.9% from the previous year.
Revenue: Revenue increased by 1.69% YoY to ₹2,278 crore.
EBIDTA: Earnings before Tax, Interest, Amortization, and Depreciation (EBIDTA) rose 12.5% to ₹442 crore, with an EBIDTA margin of 19.4%, up 190 basis points.
Dividend:
- Second interim dividend of ₹6.50 per equity share of ₹1 each declared on February 27, 2024.
- Combined with the first interim dividend of ₹3.00 per share declared on October 30, 2023, the total dividend for the year is ₹9.50 per share.
Market Performance:
- 75% of the domestic business either gained or sustained market share on a Moving Annual Total (MAT) basis.
- 100% of the domestic business sustained or gained penetration on a MAT basis.
Product Segment Performance:
- Parachute Rigids saw a 2% volume growth, gaining 53 basis points in market share.
- Value-Added Hair Oils declined by 7% due to sluggishness in the bottom segment.
- Saffola Edible Oils had mid-single-digit volume growth.
- Foods segment logged a 24% value growth YoY, with Saffola Oats maintaining its leadership.
- Premium Personal Care showed healthy growth, with Beardo scaling three times since FY21.
Strategic Initiatives:
- The company aims to double the scale of its food portfolio by FY27, targeting a 20%+ CAGR.
- Domestic revenue growth is expected to trend higher with improving pricing and volume growth.
- Project SETU aims to expand direct reach to 1.5 million outlets by FY27.
International Markets:
- MENA and South Africa performed well, while South-East Asia remained flat.

HOW TO BUY MARICO SHARES?

You can buy Marico shares from the following trading platforms:

Zerodha
Upstox
Groww
AngleOne
ICICIDirect

SHARE PRICE TARGET 2024 OF MARICO

When	Maximum Price	Minimum Price
June 2024	627.70	545.83
July 2024	621.43	540.37
August 2024	646.28	561.99
September 2024	672.14	584.47
October 2024	658.96	573.01
November 2024	685.31	595.93
December 2024	692.17	601.88

Looking ahead to June 2024, MARICO is expected to see its stock prices reach a maximum of 627.70 and a minimum of 545.83. By December 2024, these figures are projected to rise to 692.17 and 601.88, respectively.

SHARE PRICE TARGET 2025 OF MARICO

When	Maximum Price	Minimum Price
January 2025	699.09	537.76
February 2025	706.15	543.19
March 2025	720.98	554.60
April 2025	713.84	549.11
May 2025	693.05	533.12
June 2025	724.24	557.11
July 2025	710.04	546.18
August 2025	732.00	563.07
September 2025	740.78	569.83
October 2025	760.04	584.65
November 2025	779.04	599.26
December 2025	814.10	626.23

As we step into January 2025, MARICO’s maximum stock price is expected to rise to 699.09, reflecting a promising start to the year for investors. Simultaneously, the minimum price is projected to be 537.76, providing a baseline for potential fluctuations and investment strategies.

Looking ahead to December 2025, MARICO’s stock is anticipated to reach a maximum price of 814.10, demonstrating substantial growth throughout the year. Meanwhile, the minimum price is forecasted to increase to 626.23.

MARICO SHARE PRICE PREDICTION 2026-2030

Year	Maximum Price	Minimum Price
2026	₹904.74	₹465.32
2027	₹995.03	₹395.52
2028	₹1,117.05	₹711.93
2029	₹1,289.18	₹462.42
2030	₹1,426.58	₹628.61

Looking ahead across the next five years, MARICO’s stock is poised for dynamic growth and stability. By 2026, the maximum price of MARICO shares is expected to reach ₹904.74, with a minimum price projected at ₹465.32. Moving into 2027, the maximum price is forecasted to rise to ₹995.03, supported by a minimum price of ₹395.52, showcasing robust resilience in the market.

In 2028, MARICO’s stock is anticipated to reach a maximum price of ₹1,117.05, accompanied by a minimum of ₹711.93, underlining steady growth and investor confidence. By 2029, the maximum price is projected to increase to ₹1,289.18, while the minimum price stabilizes at ₹462.42, reflecting ongoing market strength and support.

By the year 2030, MARICO’s stock is expected to achieve a maximum price of ₹1,426.58, with a minimum of ₹628.61, indicating sustained growth and solid market positioning. These forecasts highlight MARICO as a compelling choice for investors seeking both potential gains and stability over the upcoming years.

FINANCIAL CONDITION OF MARICO: LAST 5 YEARS

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	7,315	8,048	9,512	9,764	9,653
Expenses +	5,846	6,459	7,831	7,954	7,627
Operating Profit	1,469	1,589	1,681	1,810	2,026
OPM %	20%	20%	18%	19%	21%
Other Income +	95	107	98	144	142
Interest	50	34	39	56	73
Depreciation	140	139	139	155	158
Profit before tax	1,374	1,523	1,601	1,743	1,937
Tax %	24%	21%	22%	24%	22%
Net Profit +	1,043	1,199	1,255	1,322	1,502
EPS in Rs	7.91	9.08	9.48	10.07	11.44
Dividend Payout %	85%	83%	97%	45%	83%

Sales Growth: The company experienced a consistent increase in sales from ₹7,315 crore in March 2020 to ₹9,764 crore in March 2023. However, there was a slight dip to ₹9,653 crore in March 2024.
Expenses: Expenses followed a similar upward trend, rising from ₹5,846 crore in March 2020 to ₹7,954 crore in March 2023, before decreasing slightly to ₹7,627 crore in March 2024.
Operating Profit: Operating profit increased from ₹1,469 crore in March 2020 to ₹2,026 crore in March 2024, reflecting a solid growth trajectory. The Operating Profit Margin (OPM) fluctuated but remained strong, peaking at 21% in March 2024.
Other Income: Other income remained relatively stable, ranging from ₹95 crore to ₹144 crore over the period.
Interest and Depreciation: Interest expenses increased gradually from ₹50 crore to ₹73 crore. Depreciation expenses also saw a gradual increase from ₹140 crore to ₹158 crore.
Profit Before Tax: Profit before tax showed consistent growth, rising from ₹1,374 crore in March 2020 to ₹1,937 crore in March 2024.
Net Profit: Net profit grew from ₹1,043 crore in March 2020 to ₹1,502 crore in March 2024, with the net profit margin showing steady improvement.
Earnings Per Share (EPS): EPS increased from ₹7.91 in March 2020 to ₹11.44 in March 2024, indicating enhanced shareholder value.
Dividend Payout: The dividend payout ratio fluctuated significantly, with a high of 97% in March 2022 and a low of 45% in March 2023, settling at 83% in March 2024

FAQS

WHAT IS THE SHARE PRICE TARGET OF MARICO FOR 2025?

The Marico share price is projected to reach around ₹814.10 by the end of 2025.

WHAT IS THE SHARE PRICE TARGET OF MARICO FOR 2030?

The Marico share price is expected to reach around ₹1,426.58 by the end of 2030.

IS IT ADVISABLE FOR INVESTORS TO CONTEMPLATE PURCHASING SHARES OF MARICO BASED ON ITS PROJECTED SHARE PRICE TARGETS?

While projected share price targets can provide guidance, it is essential to conduct thorough research and analysis before making any investment decisions. Investors should consider various factors, such as the company’s financial performance, industry trends, and market conditions, before making any investment decisions.

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CONCLUSION

Marico Limited’s Q4 FY23-24 results showcased strong financial performance with a consolidated net profit of ₹320 crore, up 4.9% year-on-year. Revenue increased by 1.69% to ₹2,278 crore, while EBIDTA rose 12.5% to ₹442 crore, with an improved margin of 19.4%. The company declared a total dividend of ₹9.50 per share for the year, reflecting its commitment to shareholders.

In domestic markets, Marico reported significant achievements, with 75% of its business gaining or maintaining market share and 100% sustaining or increasing penetration on a Moving Annual Total (MAT) basis. Product segments like Parachute Rigids and Saffola Edible Oils showed growth, while challenges were noted in Value-Added Hair Oils.

Marico aims to double its food portfolio scale by FY27 and expand direct reach through Project SETU to 1.5 million outlets. Internationally, MENA and South Africa markets performed well, highlighting Marico’s strategic resilience and growth aspirations amid evolving market conditions.

Sonam