D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
Investing.com - UBS has raised its price target on Marico Ltd (NS:NSE:MRCO) to INR800.00 from INR770.00 while maintaining a Neutral rating on the stock.
The revision follows Marico’s strong Q1FY26 performance, with consolidated revenue growing 23.3% year-over-year, EBITDA increasing 4.6%, and PAT rising 8.6%, all exceeding market expectations.
Marico’s domestic volume growth reached 9% while its international business grew 19% year-over-year in constant currency terms, demonstrating resilience despite ongoing inflation in copra prices.
In key segments, Parachute registered a 1% volume decline due to price increases, yet achieved 31% revenue growth, while Saffola oil posted mid-single digit volume growth with 28% revenue growth year-over-year.
The company’s Value Added Hair Oil segment grew 13% in value terms driven by mid-single digit volume growth, and the Foods segment posted approximately 20% value growth year-over-year, with the international business delivering 12% revenue growth in rupee terms.
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