BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains sell on Dabur India
Dabur's domestic volumes grew by 4 per cent in Q1 compared to our estimate of 7 per cent growth due to tepid performance across segments. However, input cost savings and lower ad spends resulted in 130 basis points increase in operating margin. We believe Dabur's near-term performance could be marred by weak macros and continued stiff competition from Patanjali.