Motilal Oswal has issued a “buy” call on Dabur India Ltd., setting a target price of Rs 660. Currently, Dabur India Ltd. is trading at Rs 543.5 in the market.
Dabur India Ltd., established in the year 1975, is a large-cap company with a market capitalization of Rs 96,345.53 Crore, and it operates in the FMCG sector.
Key Products/Revenue Segments for Dabur India Ltd. include Personal Care, Other Operating Revenue, and Scrap for the fiscal year ending on March 31, 2023.
In terms of financials, for the quarter ending on June 30, 2023, the company reported a consolidated total income of Rs 3,240.25 Crore. This represents an increase of 15.78% from the total income of Rs 2,798.52 Crore in the previous quarter and an increase of 10.85% from the total income of Rs 2,922.98 Crore in the same quarter of the previous year. The company reported a net profit after tax of Rs 456.81 Crore in the latest quarter.
As of June 30, 2023, the promoters held a 66.23% stake in the company, while foreign institutional investors (FIIs) owned 19.39%, and domestic institutional investors (DIIs) held 8.67%.
Investors may consider this “buy” call from Motilal Oswal when evaluating their investment decisions. The target price of Rs 660 suggests potential growth for Dabur India in the future. However, it’s important to conduct thorough research and consider your own financial goals and risk tolerance before making any investment decisions.
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