Marico edges lower as Plix buyout, strong Q2 cues stir midday trade
At 12.27 pm on the NSE, Marico (MARICO) was quoted at ₹789.00, down ₹1.00 or 0.13% from its previous close of ₹790.00
Marico Limited's stock dipped slightly on Tuesday, yet it saw a surge in trading activity midday, following the FMCG giant's announcement of a pre-quarter business update and a substantial acquisition of direct-to-consumer nutrition brand Plix. By 12.27 pm on the National Stock Exchange (NSE), Marico (MARICO) was trading at ₹789.00, a slight decline of ₹1.00 or 0.13 percent from its prior closing price of ₹790.00.
The stock opened at ₹796.95, briefly reaching its intraday peak at the opening price before dipping to a low of ₹784.50. Overall, 5.95 lakh shares were traded, valued at ₹46.87 crore by midday, with buy orders comprising 55.39 percent of the total order flow. The company's deliverable quantity accounted for 64.08 percent of the traded volume, indicating a notable level of investor confidence.
Marico's total market capitalization stood at ₹1,02,345.56 crore. The acquisition of Plix brought Marico's aggregate stake in Satiya Nutraceuticals, the owner of the plant-based brand, from 60 percent to 84.09 percent on a fully diluted basis. The company spent ₹1,012.03 crore for this tranche, bringing the total consideration for the 84.09 percent stake to ₹1,392.07 crore.
A remaining 14.09 percent stake is set to be acquired in July 2027 for up to ₹592 crore, in addition to performance-linked payouts. Monday's Q2 FY27 pre-quarter update also offered a positive outlook. Marico projected double-digit revenue growth, with Parachute Coconut Oil showing early-teen volume expansion and value-added hair oils growing in the twenties for the sixth consecutive quarter.
International business was expected to maintain constant-currency growth in the teens. Operating profit was anticipated to increase by around twenty-two percent year-on-year. However, views from the market remained split. HSBC kept a Buy rating with a target price of ₹1,020, while CLSA maintained an Underperform rating with a ₹703 target due to valuation concerns.
JM Financial kept its Buy rating but reduced the target from ₹1,015 to ₹940, citing sector-wide PE derating. The stock's 52-week high of ₹889.10 was reached on July 30, 2026, while the lowest price of ₹703.95 was recorded a year ago.
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