586.50 7.35 (1.27%)

52W Low on Jun 17, 2022

1.5M NSE+BSE Volume

NSE Aug 08, 2022 03:31 PM



Dabur India Ltd.    
08 Aug 2022, 05:51PM
586.50
1.27%
Dabur India Ltd.    
08 Aug 2022
586.50
1.27%
Rural recovery, robust volume growth help Dabur post incremental gains
Rural recovery, robust volume growth help Dabur post incremental gains
Business Standard
Its ability to maintain margins will depend on the raw material cost basket
HDFC Securities released a Accumulate report for Dabur India Ltd. with a price target of 550.0 on 05 Aug, 2022.
Dabur India Ltd.    
05 Aug 2022
586.50
1.27%
Dabur India Ltd.    
05 Aug 2022
586.50
1.27%
HDFC Securities
Voltas: Voltas' Q1FY23 saw a mixed bag performance. UCP revenue was in line with market share recovery in RAC, while segment margin saw a miss (seen industry-wide). EMPS continued to disappoint, by missing both on revenue and margin. UCP delivered a 125/111% value/volume YoY growth (HSIE 123%), with the three-year CAGR at 8%. Voltas also regained some of its market share, which touched 24% (June exit) vs 19% earlier (March exit), a market share lead of 950bps over the No. 2 player. Voltas is also a leader in the inverter segment (earlier dominated by LG), with the market share at 22%, 300bps higher than LG. Despite increasing competition, we believe Voltas' core strength (after sales service, distribution network, etc.) will continue to support its market share. RAC is Voltas' core business (unlike for other players); we believe an aggressive and proactive approach will continue to bring efficiency and competitiveness in the long run. UCP EBIT margin saw pressure (7.7% vs. HSIE 9%); with commodity softening and easing trade inventory, we expect recovery in EBIT margin. We model 11% EBIT margin for FY24/25. Performance of project business remained weak and we do not expect immediate relief (although we model 6% EBIT margin for FY24/25). We cut our EPS estimates by 17/6/3% (largely to offset weak performance of project business) for FY23/24/25. We value the stock on SoTP (UCP/EMPS/EPS P/E at 43/10/15x and Volt-Beko P/S of 4x) on Jun-24 to derive a TP of INR 1,050. Maintain ADD. Gujarat State Petronet: Our ADD rating on Gujarat State Petronet...
HDFC Securities released a Accumulate report for Dabur India Ltd. with a price target of 550.0 on 05 Aug, 2022.
Dabur India Ltd.    
05 Aug 2022
586.50
1.27%
buy
Axis Direct
We Maintain BUY with a revised TP of Rs 630 (49x FY24E EPS).
HDFC Securities released a Accumulate report for Dabur India Ltd. with a price target of 550.0 on 05 Aug, 2022.
Dabur India Ltd.    
05 Aug 2022
586.50
1.27%
buy
Dabur India Ltd. has an average target of 640.33 from 9 brokers.
Dabur India Ltd.    
05 Aug 2022
586.50
1.27%
ICICI Securities Limited
Dabur reported a decent print (+10% YoY India revenue, +5% YoY volume growth) with Foods and Beverages managing the show well. While Healthcare performance appears unexciting (lapping a high base), the HPC category did reasonably well. That said, the performance was decent on an overall basis.
Dabur India Ltd. is trading above all available SMAs
Dabur India Ltd.    
04 Aug 2022
586.50
1.27%
Dabur India Ltd.    
04 Aug 2022
586.50
1.27%
Business Line
Rural and urban demand growth was at par: Dabur India CEO
Dabur India Ltd.    
04 Aug 2022
586.50
1.27%
480 Votes:
Buy 77.71%
Sell 12.71%
Hold 9.58%
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