Healthy volume growth and stable margins to benefit in the coming years - Initiate with Accumulate rating with Target Price of Rs 491 Dabur India Ltd. (Dabur) is the fourth largest FMCG Company of the country presently catering to health care, personal care & food segment. The company is expected to report 10.9% CAGR growth in revenue over FY18-21E while PAT will witness a CAGR of 12.5% over the same period. We are positive on the future prospects of Dabur and initiate coverage with an...