Moneycontrol PRO
HomeNewsBusinessStocksBuy Dabur India; target of Rs 640: Sharekhan

Buy Dabur India; target of Rs 640: Sharekhan

Sharekhan is bullish on Dabur India has recommended buy rating on the stock with a target price of Rs 640 in its research report dated February 02, 2023.

February 05, 2023 / 15:25 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Sharekhan's research report on Dabur India

    Dabur’s Q3FY2023 numbers were weak with muted revenue growth of 3.4% y-o-y to Rs. 3,043 crore. Volume decline stood at 3% (price led growth of 6.5%). A rural slowdown and delayed winter hit performance. High input cost inflation and an unfavourable sales mix led to a 283 bps/129 bps y-o-y decline in gross margin/OPM to 45.5%/20%, respectively; while PAT fell by 5.5% y-o-y to Rs. 477 crore. Revenue and PAT are expected to clock a 13% and 16% CAGR during FY2022-25 backed by sustained market share gains, expansion of distribution network, investments on power brands, new launches and cost-saving initiatives.

    Outlook

    The stock trades at 40.8x/34.0x its FY2024E/25E EPS. We maintain a Buy on the stock with a revised price target of Rs. 640.

    For all recommendations report, click here

    Disclaimer: 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.

    Dabur India - 01 -01-2023 - khan

    Broker Research
    first published: Feb 5, 2023 03:25 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347