Anand Rathi Research expects revenue and earnings to grow at compound annual rates of 10% and 15%, respectively, across its 16-company Indian consumer coverage in FY26–28, NDTV Profit and LiveMint reported.
An Oct. 22 market update from NDTV Profit reported Buy ratings for Marico, with a target of ₹990 a share; Godrej Consumer Products, ₹1,400; Mrs. Bectors Food Specialities, ₹250; and Asian Paints, ₹3,180. LiveMint reported the same target prices Oct. 23.
Anand Rathi's projection exceeds the growth rates it cited for the two earlier fiscal years. LiveMint said the brokerage put revenue growth at 4% in FY25 and 7% in FY26, while earnings fell 3% in FY25 before rising 5% in FY26.
LiveMint reported per-share earnings estimates for FY27 and FY28: ₹17.3 and ₹19.8 for Marico; ₹24.3 and ₹28.9 for Godrej Consumer Products; ₹55.6 and ₹63.6 for Asian Paints; and ₹5.8 and ₹7.1 for Mrs. Bectors Food Specialities. These are brokerage estimates, not company-reported results.
