Dabur India Q1 Review - Beat On All Fronts; Future Outlook ‘Healthy’: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Dabur India Ltd.’s Q1 FY22 result came in above our expectations on all fronts.

The management’s confidence on:

1. double-digit sales growth prospects for FY22, despite a challenging base for the healthcare business in the remaining quarters, and

2. target of maintaining or growing FY22 Ebitda margin YoY, despite the ongoing rise in material costs, is encouraging. 

The management’s initiatives in the last two years of:

1. a spate of new launches,

2. sharp increase in advertising spends,

3. continued expansion in distribution,

4. investment in technology and analytics, and

5. cost saving efforts plowed back into the business for growth has set Dabur on the right path towards a much stronger topline and earnings growth trajectory, commensurate with the inherent potential in its healthcare, foods, and health and personal care businesses.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.