Marico Stock Update: Shares Slip on Profit Booking After All-Time High

Marico Limited (NSE: MARICO) is currently experiencing selling pressure in Friday's intraday trade, with shares trading at ₹846.15. This marks a 1.15% decline from its previous close of ₹856.00. The stock opened higher at ₹873.00, hitting an intraday high at the same level, but quickly retreated, carving out an intraday low of ₹839.20. Despite a robust business update released yesterday, early morning gains have been eroded as investors appear to be booking profits. The trading volume for the session stands at 2,463,721 shares, indicating active participation.

52-Week Context
Today's move comes swiftly after Marico's stock reached a significant milestone yesterday, touching an all-time and 52-week high of ₹858.75 on July 2, 2026. The stock has delivered an impressive 18.97% return over the past year, significantly outperforming the broader Sensex, which saw a decline of 7.29% in the same period. The 52-week low stands at ₹690.20, recorded on July 28, 2025. Today's decline, while modest, brings the stock back from its peak levels, suggesting a natural consolidation phase after a strong upward trajectory. The current price still remains comfortably above its long-term moving averages.

Latest Developments
The primary catalyst for Marico's recent surge, and the backdrop to today's profit-booking, is the company's robust Q1 FY27 business update released on Thursday, July 2, 2026. Marico announced that it expects consolidated revenue for the quarter ended June 30, 2026, to grow in the "early twenties," driven by strong performance across its core, digital, and international businesses. The India business, in particular, accelerated its growth trajectory, achieving double-digit underlying volume growth, with Parachute Coconut Oil registering its highest volume growth in several quarters.

The company also anticipates strong operating profit growth, benefiting from robust business momentum and a significant 45% correction in copra prices from their peak levels. This softening in input costs is expected to lead to sequential improvements in gross margins. However, Marico noted that the cost of crude-linked derivatives and vegetable oils rose sharply during the quarter.

Following this optimistic update, major brokerages have reaffirmed their confidence in Marico. JPMorgan, Goldman Sachs, Morgan Stanley, and Macquarie have all maintained or reiterated their "Overweight" or "Buy" ratings, with target prices ranging from ₹890 to ₹934, citing the better-than-expected revenue and strong volume growth. They anticipate high-teens EBITDA growth and improved earnings ahead.

In other corporate news, Marico also announced the retirement of Milind Barve as an Independent Director, effective August 1, 2026, with new appointments made to key board committees.
The broader Fast-Moving Consumer Goods (FMCG) sector in India has also shown strength, with the Nifty FMCG index closing above 50,000 for the first time ever yesterday. Intense heatwaves in the April-June quarter also boosted sales for summer-related products, contributing to overall sector growth.

Outlook
Investors will be closely watching if Marico can sustain its strong volume growth and margin improvement in the upcoming quarters, especially given the fluctuating input costs for crude-linked derivatives and the broader impact of El Niño on monsoon patterns. For the remainder of the session, the stock may continue to consolidate around current levels as it digests yesterday's gains and the positive Q1 update, with support levels likely to be tested.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Jul 03, 2026 09:45 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).