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.
August 03, 2020 / 04:11 PM IST
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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