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    Buy Dabur India, target price Rs 600: Axis Securities

    Synopsis

    Promoters held 67.24 per cent stake in the company as of 30-Sep-2022, while FIIs owned 20.23 per cent, DIIs 6.43 per cent.

    Buy Dabur IndiaAgencies
    A focused approach on scaling up power brands through extension/variants, deeper distribution, and strong management bandwidth drives the brokerage's confidence in the sustainability of the growth.
    Axis Securities has buy call on Dabur India with a target price of Rs 600. The current market price of Dabur India is Rs 552.1.

    Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 97517.86 Crore) operating in FMCG sector.

    Dabur India key Products/Revenue Segments include Personal Care, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3109.77 Crore, up 6.39 % from last quarter Total Income of Rs 2922.98 Crore and up 6.13 % from last year same quarter Total Income of Rs 2930.02 Crore. Company has reported net profit after tax of Rs 491.20 Crore in latest quarter.

    The company’s top management includes Mr.Amit Burman, Mr.Mukesh Butani, Mr.Ajit Mohan Sharan, Mrs.Falguni Sanjay Nayar, Mr.Saket Burman, Dr.Ajay Dua, Dr.S Narayan, Mr.R C Bhargava, Mr.P N Vijay, Mr.Mohit Malhotra, Mr.P D Narang, Mr.Mohit Burman, Mr.Aditya Burman. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 177 Crore shares outstanding.

    Investment Rationale
    The brokerage continues to believe in Dabur’s long-term growth story and like its management’s focus on strong execution while driving profitable growth (volume growth aggression, broad-based growth, share gains, healthy NPD pipeline, go-to-market initiatives, and consistent focus on cost management). A focused approach on scaling up power brands through extension/variants, deeper distribution, and strong management bandwidth drives the brokerage's confidence in the sustainability of the growth.

    Promoter/FII Holdings
    Promoters held 67.24 per cent stake in the company as of 30-Sep-2022, while FIIs owned 20.23 per cent, DIIs 6.43 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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