{
  "id": 12325102,
  "title": "Marico edges lower as Plix buyout, strong Q2 cues stir midday trade",
  "url": "https://urgent.news/2026/10/06/marico-edges-lower-as-plix-buyout-strong-q2-cues-stir-midday-trade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T07:20:42.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/marico-edges-lower-as-plix-buyout-strong-q2-cues-stir-midday-trade/article71550359.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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",
  "key_points": [
    "Marico stock fell 0.13% to ₹789.00 on NSE",
    "Plix acquisition increased Marico's stake in Satiya Nutraceuticals to 84.09%",
    "Q2 FY27 update projected double-digit revenue growth"
  ],
  "editors_take": "Marico's acquisition of a larger stake in Plix and a positive Q2 outlook have stirred investor interest, but divided market views on valuation and growth prospects are keeping the stock price in check.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}