Dabur India Ltd. share price target

Maintained strong earnings growth (beat estimates) of 13% in a particularly challenging environment marked by decline in foods business because of Nepal border closing. Volume (-2.5%) was lower than expected, as the fruit-juice segment was impacted by...

Dabur's consolidated revenue for 3Q grew just 2.4% to Rs21.2bn, which was 2% below our estimate. While EBITDA came in at Rs3.7bn (estimate of Rs3.8bn), consolidated net profit increased 12.6% to Rs3.2bn, in line with our estimate. Domestic business witnessed volume de-growth of 2.5%, mainly due to sharp fall in Foods business and delayed winter. We expect Dabur to post revenue and earnings CAGR of 10.4% and 13.4%, respectively through FY15-18E. The recent fall in stock price provides a good opportunity for long term investors. We upgrade...

9 Pricinggrowth at 4% in a severe deflationary scenario surprised positively andhelped Daburmaintainrobustnominalgrowthrate,whichwasinlinewithexpectations. 8 Volumegrowthat5%waslowerthanexpected,asfruitjuicesegmentwasimpactedby...

Dabur India reported consolidated net sales of Rs20.9bn in 2QFY16, translating into a growth of 8.7% yoy, which came 1% below our estimate. While EBITDA grew by 15.9% to Rs4bn, consolidated net profit increased 18.7% yoy to Rs3.4bn, 3% below our estimate. Domestic volume growth at 5% was a disappointment. We expect Dabur to post revenue and earnings CAGR of 12.6% and 18.2%, respectively through FY15-17E. At the current market price, the stock is trading at price earnings multiple...

Dabur's Q1FY16 numbers were largely in line with our and consensus expectations with domestic volume growth sustaining at 8% yoy. We expect Dabur to benefit more than its peers from lower commodity prices because of its high brand equity and presence in...

Dabur's Q1FY16 results were in line with our estimates revenue was up 10.7% yoy to Rs20.7bn (vs. our estimate of Rs20.5bn), operating profit increased 20.0% yoy to Rs3.2bn (vs. our estimate of Rs3.1bn), and APAT grew 23.9% to Rs2.6bn in line with our estimate.

DILs Q4FY15 results were in line on the revenue front and at the operating level

Dabur's Q4FY15 numbers were largely inline with consensus expectations with the companyreportingrobustdomesticvolumegrowthof8%.Daburcontinuestogrowfaster thanthemarketevenasthedarkcloudsofruralslowdownloom.Wehavemarginallycut...

Buy on dips to Rs 244 - Rs 252 for Target Rs 274 in 1 quarter