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    Buy Dabur India, target price Rs 640: Motilal Oswal

    Synopsis

    Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 92789.57 Crore) operating in FMCG sector.

    Agencies
    Promoters held 67.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 18.5 per cent, DIIs 5.9 per cent and public and others 7.7 per cent.

    INSIGHTS

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    Explore Now
    Motilal Oswal has buy call on India with a target price of Rs 640. The current market price of Dabur India Ltd. is Rs 527.1.

    Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 92789.57 Crore) operating in FMCG sector.

    Financials
    For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2728.84 Crore, up 8.46 % from last quarter Sales of Rs 2516.04 Crore and up 15.97 % from last year same quarter Sales of Rs 2352.97 Crore. Company reported net profit after tax of Rs 493.60 Crore in latest quarter.
    dabur

    Investment Rationale
    Given the longer term potential of the business, valuations at 45.4x FY22E and 38.8x FY23E do not appear challenging.

    Promoter/FII Holdings
    Promoters held 67.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 18.5 per cent, DIIs 5.9 per cent and public and others 7.7 per cent.



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