Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
Last Updated : Aug 03, 2020 04:11 PM IST | Source: Moneycontrol.com

Hold Dabur India; target of Rs 515: Arihant Capital

Arihant Capital recommended hold rating on Dabur India with a target price of Rs 515 in its research report dated July 31, 2020.

Broker Research
  • bselive
  • nselive
Todays L/H

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.

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.

First Published on Aug 3, 2020 02:33 pm