BUZZ — Marico's India business shows resilient demand despite industry volatility — analysts

* Consumer goods company Marico Ltd's India business is expected to touch double-digits y/y in Q2 FY27, beating street expectations * Nomura which had expected India volume growth of 8.5% said co's India volumes will be driven by better-than-expected growth in Parachute Coconut Oil * Brokerage has a "buy" rating on the stock; TP of 1,000 rupees * CLSA ("underperform", TP of 780.10 rupees) had expected an underlying volume growth of 9% for Marico's India business * However, co sees overall operating profit to grow in mid-twenties in Q2 vs CLSA's outlook of growth of 30.6% * Analysts at Macquarie view co's handling of copra cost moderation during the quarter positively * 31 out of 38 analysts rate the stock "buy" or higher, median TP of 965 rupees * Shares of co down 0.5% at 786.05 rupees; YTD, shares up 5.4% (Reporting by Saikeerthi in Bengaluru) ((Saikeerthi@thomsonreuters.com; (+91) 8296756080)