07 Oct 2025 | 5 Mins Read
JM Financial sees 16% upside in this FMCG stock on GST rate changes
Flipitmoney
JM Financial raised Marico's target price to Rs 825 from Rs 800 with a "Buy" rating, indicating a potential 16% upside. The brokerage expects strong revenue growth led by Parachute and Saffola edible oils, followed by moderation in EBITDA growth due to copra inflation, but expects margins to improve in the second half with diversification efforts driving overall earnings growth.