Add Dabur India, target price Rs 550: ICICI Securities

Add Dabur India, target price Rs 550: ICICI Securities
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Synopsis

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 89006.92 Crore) operating in FMCG sector.

Agencies
Promoters held 67.9 per cent stake in the company as of June 30, 2020, while FIIs held 17.6 per cent, DIIs 7.4 per cent and public and others 7.1 per cent.
ICICI Securities has given add rating to Dabur India with a target price of Rs 550. The share price moved down by 1.05 per cent from its previous close of Rs 507.85. The stock’s last traded price is Rs 502.50.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 89006.92 Crore) operating in FMCG sector.

Dabur India Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 6241.09 Crore to Sales Value (98.91 % of Total Sales), Other Operating Revenue which contributed Rs 58.61 Crore to Sales Value (0.92 % of Total Sales) and Scrap which contributed Rs 10.10 Crore to Sales Value (0.16 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1979.98 Crore, up 6.14 % from last quarter Sales of Rs 1865.36 Crore and down -12.90 % from last year same quarter Sales of Rs 2273.29 Crore Company has reported net profit after tax of Rs 341.29 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 67.9 per cent stake in the company as of June 30, 2020, while FIIs held 17.6 per cent, DIIs 7.4 per cent and public and others 7.1 per cent.

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