Sharekhan's research report on Dabur India
Dabur India (Dabur) to post mid to high single-digit revenue growth in Q1FY2025 with domestic volume growth of mid-single digits. Gross margins and OPM to remain high y-o-y; operating profit to grow marginally ahead of revenue growth. We expect Revenue/PAT to grow by 6%/7% y-o-y respectively in Q1. With an expected normal monsoon and government’s continued focus on macro-economic growth, the company expects demand to accelerate in the coming months.
Outlook
The stock is currently trading at 52x/44x its FY2025E/26E earnings, respectively. We maintain Buy with an unchanged price target of Rs. 715.
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