Orkla India Rises After Broker Initiates Coverage With Buy Call

[{ "selector": ".utgtk-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 291px)) scale(0.15)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateX(0px) scale(1)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".iqunz-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

Citi Initiates With 'Buy'

Shares of Orkla India rose 8% to ₹604 after Citi initiated coverage with a 'Buy' rating and a target price of ₹750, snapping five straight sessions of losses.

[{ "selector": ".ftlng-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".iqbds-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

Why Citi Is Bullish

Citi's positive view is driven by strong category tailwinds, South India market leadership, and disciplined portfolio expansion, with margin gains from favourable mix and operational efficiencies across MTR and Eastern brands.

[{ "selector": ".pgros-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".qjmol-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

Growth Projections

Citi sees 9% consolidated revenue growth in FY26–28, expects EBITDA margins to reach 17.2% by FY28, and projects net profit to log 9% growth over the same period.

[{ "selector": ".nmllp-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".baceu-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

International Markets a Bright Spot

International markets contribute 20% of revenue, growing faster than domestic operations on diaspora demand and localisation for non-Indian consumers, Citi noted in its initiation report.

[{ "selector": ".olojf-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".ixkfb-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

About Orkla India

Orkla India owns iconic brands MTR and Eastern, offering spices, convenience foods, and ready-to-eat meals. It is a subsidiary of Norway-listed Orkla ASA, listed in India in October 2025.

[{ "selector": ".dnupa-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-15px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".lgwxn-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 550px))", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }]

With Our Subscription Plans

[{ "selector": ".zznjm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".zmkjf-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".gbbba-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-299px)", "opacity": "1", "visibility" :"visible" }, {"offset": 1, "transform": "translateX(0)", "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".ctgcg-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateY(-33px)", "opacity": "1", "visibility" :"visible"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1", "visibility" :"visible"} ] }] Open Demat A/C

Orkla India Rises After Broker Initiates Coverage With Buy Call

Citi Initiates With 'Buy'Shares of Orkla India rose 8% to ₹604 after Citi initiated coverage with a 'Buy' rating and a target price of ₹750, snapping five straight sessions of losses.

Why Citi Is Bullish Citi's positive view is driven by strong category tailwinds, South India market leadership, and disciplined portfolio expansion, with margin gains from favourable mix and operational efficiencies across MTR and Eastern brands.

Growth Projections Citi sees 9% consolidated revenue growth in FY26–28, expects EBITDA margins to reach 17.2% by FY28, and projects net profit to log 9% growth over the same period.

International Markets a Bright Spot International markets contribute 20% of revenue, growing faster than domestic operations on diaspora demand and localisation for non-Indian consumers, Citi noted in its initiation report.

About Orkla India Orkla India owns iconic brands MTR and Eastern, offering spices, convenience foods, and ready-to-eat meals. It is a subsidiary of Norway-listed Orkla ASA, listed in India in October 2025.