Orkla India Stock Gains Following 'Buy' Rating from Brokerage
Orkla India rises after broker initiates coverage with 'Buy' call
business-standard
Image: business-standard
Orkla India shares rose by 2.04% to ₹623.25 after a domestic brokerage initiated coverage with a 'Buy' rating and a target price of ₹780, indicating a potential upside of 25.15%. The company is known for its strong presence in the packaged foods sector, particularly in South India.
- 01Orkla India's stock price increased by 2.04% to ₹623.25.
- 02The brokerage set a target price of ₹780, suggesting a 25.15% upside.
- 03Orkla India holds a 31.2% market share in Karnataka and 41.8% in Kerala for packaged spices.
- 04The company has been the largest branded spice exporter in India for 24 consecutive years.
- 05Orkla India reported a net profit of ₹68.31 crore for Q3 FY26, a 3.74% increase year-on-year.
Advertisement
In-Article Ad
Orkla India, a prominent player in the packaged foods sector, saw its stock rise by 2.04% to ₹623.25 following a 'Buy' rating from a domestic brokerage, which set a price target of ₹780, indicating a potential upside of 25.15%. The brokerage emphasized Orkla India's strong market presence, particularly in South India, where it holds a 31.2% market share in Karnataka and 41.8% in Kerala for packaged spices. The company has maintained its status as the largest branded spice exporter in India for 24 consecutive years, with a 22.2% share in the country's branded spice exports market. Orkla India operates a diverse portfolio of over 400 products and boasts a wide distribution network across 28 states. For the third quarter ending December 31, 2025, Orkla India reported a net profit after tax of ₹68.31 crore, reflecting a 3.74% year-on-year increase, driven by volume-led growth, while net sales rose 3.38% to ₹636.06 crore.
Advertisement
In-Article Ad
The positive rating and price target could enhance investor confidence in Orkla India, potentially driving further investment and growth in the packaged foods sector.
Advertisement
In-Article Ad
Reader Poll
Do you think Orkla India will reach the target price of ₹780?
Connecting to poll...
Read the original article
Visit the source for the complete story.



