October 29, 2015 / 16:06 IST
Dolat Capital's report on Dabur India
Diversified portfolio ensures steady growth;
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Dabur India Q2FY16 result was in line, net sales at Rs 21bn up 8.9% on back of a 5% volume growth in the Domestic consumer business. Operating performance was in line with 135bps margin expansion to 19.3%. Consumer Care business grew 9.6% YoY on back of higher growth in the Oral Care (18.7%) and Home care (12.4%) segments.
We continue to like Dabur due to its wide product portfolio, leadership position in almost 50% of its portfolio and company’s initiatives to expand its reach. We maintain an Accumulate with a target price of Rs 300.For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
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