*Dabur India Ltd.* | *CMP* Rs. 471 | *M Cap* Rs. 83229 Cr | *52 W H/L* 480/357
(Nirmal Bang Retail Research)
Volumes came at 4.8% vs expectation of 5.3%, QoQ 9.6%, YoY 8.1%
*Result is in-line with expectations*
Revenue from Operations came at Rs. 2212 Cr (-2.7% QoQ, 4.1% YoY) vs expectation of Rs. 2263.8 Cr, QoQ Rs. 2273.3 Cr, YoY Rs. 2125 Cr
EBIDTA came at Rs. 489.5 Cr (7% QoQ, 8.6% YoY) vs expectation of Rs. 481.7 Cr, QoQ Rs. 457.6 Cr, YoY Rs. 450.8 Cr
EBITDA Margin came at 22.1% vs expectation of 21.3%, QoQ 20.1%, YoY 21.2%
Adj. PAT came at Rs. 443 Cr vs expectation of Rs. 400.2 Cr, QoQ Rs. 383.1 Cr, YoY Rs. 376.6 Cr
Quarter EPS is Rs. 2.5
Share is trading at P/E of 50.5x FY20E EPS