Buy Marico, target price Rs 735: JM Financial

JM Financial recommends buying Marico with a target price of Rs 735, as its current price stands at Rs 666.7. Marico's India business showed improved volume growth and market share, driven by price hikes in key categories like Parachute Coconut Oil and Saffola Oils. Despite challenges like RM inflation, the company targets double-digit revenue growth by FY26E.