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Today's prices ask more of Marico than of Godrej Consumer.
At current prices, buyers of Godrej Consumer are assuming about 8% growth against 6% in its own record; for Marico it is 16% against 9%. That shows which share needs more to go right — not which is cheaper. How far each trades from its estimated fair value is in the full valuations.
- Valuation method: both on discounted cash flow.
- Size: Marico is worth about 1.3 times Godrej Consumer on the stock market.
- Record: Marico has grown revenue faster: Godrej Consumer compounded at about 5% a year (FY2018–FY2026) and Marico at about 10% (FY2018–FY2026).
- What to watch: india volumes at Godrej Consumer; copra prices at Marico.
| Godrej Consumer | Marico | |
|---|---|---|
| Price | ₹871 | ₹900 |
| Market cap | ₹0.89L Cr | ₹1.17L Cr |
| P/E | 42.1 | 58.0 |
| P/B | 7.04 | 27.79 |
| Fair value 🔒 sign in | ₹0,000 | ₹0,000 |
| Upside 🔒 sign in | +00% | +00% |
| Valued on | Discounted cash flow | Discounted cash flow |
01Two businesses
Household and personal care across three continents
Godrej Consumer Products, part of the Godrej group, sells household insecticides (Good Knight, HIT), soaps (Cinthol, Godrej No.1) and hair colour (Godrej Expert) in India. In 2023 it bought Raymond's consumer brands, including Park Avenue and KamaSutra.
Coconut oil, edible oil and beyond
Marico was founded in 1990 by Harsh Mariwala and is based in Mumbai. Parachute coconut oil, Saffola edible oils and oats, Nihar and Hair & Care are its core brands.
02The records side by side
Marico has grown revenue faster: Godrej Consumer compounded at about 5% a year (FY2018–FY2026) and Marico at about 10% (FY2018–FY2026). By revenue the two are of broadly similar size. Godrej Consumer kept 12.3% of revenue as net profit in FY2026; Marico kept 13.3% of revenue as net profit in FY2026. Godrej Consumer reported a net loss in FY2024; Marico was profitable in every year shown.
Full ten-year tables and charts are on each company's page: Godrej Consumer · Marico.
03What each price assumes
Work backwards from each share price and you can see what buyers are taking for granted — the rate each company must sustain to justify what it costs, against what its own record supports.
04What decides each one's value
- India volumesHousehold insecticides and soaps are the profit core.
- Africa turnaroundSimplifying the African business is meant to lift margins.
- Copra pricesCoconut costs swing Parachute's margins.
- Volume growthSteady household demand underpins the core.
05What could go wrong
- CurrencyAfrican currencies can depreciate sharply.
- Commodity costsPalm oil and chemicals affect margins.
- Commodity spikesSharp rises in copra or oil costs squeeze margins.
- Bangladesh instabilityPolitical or currency shocks hit a big market.
06Which is better value?
Sign in free to see which trades further below its worth
- ✓Both fair values per share — each on the method that fits the business
- ✓Every step of both workings — growth, margins and cost of capital, with sources
- ✓Bull, base and bear cases — for each company
- ✓Downloadable reports — the full write-up for each, yours to keep
08Questions people ask
Is Godrej Consumer or Marico better value?
That turns on how far each share trades from its estimated fair value. Both figures, with every step of the working, are in the full valuations, free to view once you sign in. On the public numbers, Godrej Consumer trades at 42.1 times earnings and 7.04 times book value, and Marico at 58.0 times earnings and 27.79 times book value — but multiples alone mislead when two businesses work differently, which is why each is valued on the method that fits it.
What is the difference between Godrej Consumer and Marico?
Godrej Consumer Products, part of the Godrej group, sells household insecticides (Good Knight, HIT), soaps (Cinthol, Godrej No.1) and hair colour (Godrej Expert) in India. Marico was founded in 1990 by Harsh Mariwala and is based in Mumbai.
Are Godrej Consumer and Marico valued the same way?
Yes — both on discounted cash flow, so their workings compare like for like.
What does today's price assume for Godrej Consumer and Marico?
Worked backwards from the share price, Godrej Consumer needs about 8% growth and Marico about 16% growth, against 6% and 9% in their own records.