Arihant Capital recommended hold rating on Dabur India with a target price of Rs 515 in its research report dated July 31, 2020.
Arihant Capital 's research report on Dabur India
Dabur India earnings were below our estimates on all fronts as Covid-19 pandemic disrupted the business performance of the company. Profit for the quarter de-grew by 6.1%YoY/+21.0% QoQ to Rs 341 Cr during Q1FY21. Consolidated revenue stood at Rs 1,980 cr ,below our estimates Rs 2,209 registering a degrowth 12.9%YoY/+6.1%QoQ.
Reported EBITDA de-grew by 9.0%YoY/+18.2%QoQ to Rs 416 Cr, below our estimate of Rs 446 Cr, while EBITDA margin expanded by 90bps YoY/215bps QoQ.
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