As of 6 Nov 2026, Marico trades at 57.7× trailing earnings, above the industry P/E of 28.7×, and the shares are close to their 52-week high. Sales and net profit grew 12% and 11% a year over 3 years, with ROCE of 39% and ROE of 45%. Debt is 0.24× equity, and its dividend yield is 0.5%. It is a large-cap company with a market cap of ₹1.2 lakh crore, ranked 2nd of 34 Household & Personal Products companies by market cap; the shares rose 24% over the past year.
- ₹888.00
- ₹898.55
- ₹886.05
- ₹887.75
- 29.2 L
Health check
- ReturnsAhead
+23.8% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 57.7 vs industry 28.7.
- GrowthStrong
Sales +11.8%, profit +10.6% a year over 3 years.
- ProfitabilityStrong
ROCE 38.8% vs peer median 26.5%.
- Balance sheetFair
Debt 0.24× equity, interest covered 60.9×, Piotroski 5 of 9.
- Red flags1 to check
P/E of 57.7 against an industry P/E of 28.7.
Large cap
Market sensitivity
Key metrics
- Market cap
- ₹1.2L Cr
- Large cap
- P/E
- 57.7
- Industry 28.7
- Price to book
- 24.59
- Peers 25.50
- Dividend yield
- 0.45%
- ROE
- 44.9%
- Peers 27.3%
- ROCE
- 38.8%
- Peers 26.5%
- Debt to equity
- 0.24
- Debt ₹1,238 Cr
- EPS (TTM)
- ₹15.56
- Face value ₹1
- OPM (TTM)
- 17.9%
- Net margin 13.6%
- Sales growth
- +13.0%
- Latest quarter vs a year ago
- Profit growth
- +31.0%
- Latest quarter vs a year ago
- Price to sales
- 7.88
- EV/EBITDA 44.7
Strengths and risks
Strengths
- Return on equity of 44.9%.
- Return on capital employed of 38.8%.
- Quarterly profit up 31.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 57.7 against an industry P/E of 28.7.
About Marico
Marico Limited, together with its subsidiaries, manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally. It offers coconut oils, refined edible oils, hair oils, anti-lice treatments, fabric care, functional and other processed food, hair creams and gels, hair serums, shampoos, conditioners, shower gels, hair relaxers and straighteners, deodorants, female personal care, baby care, skin care, male grooming and…
- Headquarters
- Mumbai
- Employees
- 1,983
- Sector
- Consumer Defensive
- ISIN
- INE196A01026
- Website
- marico.com
Price range
- Avg volume (3M)
- 19.7 L
- 1-year return
- plus 23.8%
- From 52-week high
- minus 0.1%
Analyst consensus
Next results expected around 29 Jan 2027
Peers · Household & Personal Products
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HINDUNILVRHindustan Unilever | 1,998.40 | plus 0.83% | 4,69,542 | 44.4 | 9.62 | 22.2% | 21.6% | 23.1% | 2.3% | 14.1% | 2.05% | minus 19.0% |
| MARICOMarico | 897.75 | plus 1.13% | 1,16,527 | 57.7 | 24.59 | 38.8% | 44.9% | 17.4% | 11.8% | 10.6% | 0.45% | plus 23.8% |
| GODREJCPGodrej Consumer Products | 851.00 | minus 1.36% | 87,097 | 44.0 | 6.90 | 21.3% | 16.0% | 20.2% | 4.6% | 3.0% | 2.35% | minus 25.8% |
| DABURDabur India | 380.35 | minus 1.21% | 67,477 | 33.4 | 5.87 | 20.8% | 17.2% | 18.5% | 4.5% | 3.5% | 2.17% | minus 25.5% |
| COLPALColgate Palmolive (India) | 1,679.00 | minus 0.53% | 45,666 | 33.5 | 28.23 | 107.4% | 85.1% | 30.1% | 4.9% | 8.2% | 2.86% | minus 23.0% |
| CUPIDCupid | 338.90 | minus 0.69% | 45,571 | 338.9 | 100.95 | 30.8% | 27.3% | 35.4% | 31.2% | 50.8% | 0.00% | plus 607.7% |
| GILLETTEGillette India | 7,406.50 | minus 0.17% | 24,134 | 36.1 | 25.50 | 84.6% | 68.2% | 30.2% | – | – | 2.43% | minus 15.3% |
| PGHHProcter & Gamble Hygiene and Health Care | 6,982.00 | minus 0.66% | 22,664 | 28.7 | 30.08 | – | 105.0% | 25.4% | – | – | 3.29% | minus 47.6% |
| Median of 7 peers | – | −0.66% | 45,666 | 36.1 | 25.50 | 26.5% | 27.3% | 25.4% | 4.6% | 8.2% | 2.35% | −23.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 3,450 | 3,537 | 3,333 | 3,957 | 3,897 | |
| 2,890 | 2,945 | 2,812 | 3,138 | 3,188 | |
| 560 | 592 | 521 | 819 | 709 | |
| 16.2% | 16.7% | 15.6% | 20.7% | 18.2% | |
| 49 | 39 | 60 | 48 | 53 | |
| 12 | 14 | 17 | 21 | 24 | |
| 47 | 50 | 60 | 56 | 64 | |
| 550 | 567 | 504 | 790 | 674 | |
| 21.5% | 18.9% | 19.0% | 17.5% | 17.2% | |
| 420 | 447 | 391 | 630 | 550 | |
| 3.24 | 3.44 | 3.03 | 4.85 | 4.24 |
Profit & loss
- Sales CAGR 3Y
- +11.8%
- Profit CAGR 3Y
- +10.6%
- EPS CAGR 3Y
- +10.6%
- ROE
- 44.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9,689 | 9,573 | 10,733 | 13,548 | |
| – | minus 1.2% | +12.1% | +26.2% | |
| 7,878 | 7,547 | 8,592 | 11,220 | |
| 1,811 | 2,026 | 2,141 | 2,328 | |
| 18.7% | 21.2% | 19.9% | 17.2% | |
| 41 | 29 | 92 | 40 | |
| 32 | 48 | 35 | 38 | |
| 155 | 158 | 178 | 202 | |
| 78 | 88 | 96 | 149 | |
| 1,743 | 1,937 | 2,116 | 2,277 | |
| 24.2% | 22.5% | 21.6% | 20.4% | |
| 1,302 | 1,481 | 1,629 | 1,762 | |
| – | +13.7% | +10.0% | +8.2% | |
| 10.05 | 11.43 | 12.56 | 13.59 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 129 | 129 | 129 | 130 | |
| 3,670 | 3,703 | 3,846 | 4,080 | |
| 608 | 528 | 554 | 557 | |
| 2,539 | 3,061 | 3,803 | 5,308 | |
| 6,946 | 7,421 | 8,332 | 10,075 | |
| 901 | 968 | 1,007 | 1,239 | |
| 94 | 59 | 66 | 150 | |
| 484 | 425 | 219 | 136 | |
| 1,179 | 1,201 | 2,149 | 2,440 | |
| 4,288 | 4,768 | 4,891 | 6,110 | |
| 6,946 | 7,421 | 8,332 | 10,075 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,419 | 1,387 | 1,363 | 2,084 | |
| −865 | 176 | −621 | −722 | |
| −560 | −1,542 | −649 | −1,279 | |
| −6 | 21 | 93 | 83 | |
| −182 | −153 | −161 | −319 | |
| 1,237 | 1,234 | 1,202 | 1,765 | |
| −582 | −1,229 | −453 | −908 |
Shareholding pattern
- Promoters58.83%
- Public40.88%
- Employee trusts0.29%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.83% | 40.88% | minus 0.08 | |
| 30 Jun 2026 | 58.91% | 40.91% | minus 0.02 | |
| 31 Mar 2026 | 58.93% | 40.88% | 0.00 | |
| 31 Dec 2025 | 58.93% | 40.85% | minus 0.01 | |
| 30 Sep 2025 | 58.94% | 40.80% | – |
Major shareholders
Filings & events
News
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