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Orkla India gains traction after brokerage flags valuation upside
Orkla India shares advanced after ICICI Securities initiated coverage with a Buy rating, highlighting margin improvement, strong brands, and earnings visibility supported by operating leverage and distribution-led growth.
Shares of Orkla India moved higher after ICICI Securities initiated coverage with a Buy rating, citing improving margins, strong brand portfolio, and steady volume growth in packaged foods. The brokerage highlighted operating leverage benefits, distribution expansion, and cost efficiencies as key drivers. Orkla India’s improving return ratios and earnings visibility supported the positive outlook amid stable consumer demand conditions.