Moneycontrol PRO

Buy Dabur India; target of Rs 680: ICICI Direct

ICICI Direct is bullish on Dabur India has recommended buy rating on the stock with a target price of Rs 680 in its research report dated May 06, 2022.

May 07, 2022 / 10:47 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on Dabur India


Dabur India (DIL) is one of the biggest FMCG companies with a presence in Ayurveda based products across categories. The company has a dominant market share in health supplement, OTC & Ethical products, hair oils & Juices. Moreover, it is continuously gaining market share in Oral care category. • The company has a total distribution reach of 6.9 million retail out with direct reach of 1.3 million outlets. It would increase direct distribution to 1.5 million outlets in the next two years. Dabur also derives ~50% of its sales through rural regions with presence in 90,000 villages.


Outlook


We maintain our BUY rating on the stock. We value the stock at Rs 680 on ascribing 52x FY24 earnings multiple.


For all recommendations report, click here

Close

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.

Broker Research
first published: May 7, 2022 10:47 am
Sections
ISO 27001 - BSI Assurance Mark