Nuvama sees Marico Q2 FY27 revenue up about 20%, volumes up 9%
Nuvama expects Marico’s Q2 FY27 revenue to grow around 20 per cent YoY and names Radico Khaitan, United Breweries, HUL and Tata Consumer Products among its top consumer BUY picks. Forecasts highlight premiumisation and volume growth, alongside margin and tea-demand pressures.
Read the source at Business Today · LatestThe numbers
| Radico Khaitan Q2 FY27 revenue growth YoY: | around 11 per cent |
|---|---|
| United Breweries Q2 FY27 net revenue growth YoY: | around 16 per cent |
| HUL Q2 FY27 LTL revenue growth YoY: | 13 per cent |
| Tata Consumer Q2 FY27 revenue growth YoY: | around 13 per cent |
| Tata Consumer Q2 FY27 India branded volume growth: | 11 per cent |
Why it matters to operators and investors
Prioritise diligence on brands combining premium positioning with sustainable volume growth, treating Nuvama’s forecasts as a screening signal rather than evidence of realised performance.
What to watch next
- Marico Q2 FY27 revenue and volume growth versus forecasts of about 20% and 9%.
- United Breweries net revenue growth versus the forecast of about 16%.
- Tata Consumer Products revenue growth versus the forecast of about 13%.
- Reported margins and premium-product mix across the previewed companies.
- Tata Consumer Products commentary on tea demand.
Likely next moves
The desk's read of what comes next — analysis, not reported by the source.
- Marico is likely to sustain its emphasis on premiumisation and volume growth while seeking to protect margins.
- United Breweries is likely to keep premium offerings central to its growth strategy, making sales mix an important test of earnings conversion.
- Tata Consumer Products may place greater emphasis on product mix and cost discipline if tea-demand pressure persists.
- Nuvama is likely to reassess earnings estimates around reported margins and demand commentary once results replace preview assumptions.
The counter-case
Marico’s forecast 20% revenue growth could overstate underlying demand momentum relative to 9% volume growth, with pricing, mix or other factors contributing to the gap. If input costs or promotional spending absorb those gains, profit growth could disappoint despite a strong sales headline. These are brokerage estimates, not reported results.