Buy Dabur, target price Rs 485: Tradebulls Securities

Sacchitanand Uttekar of Tradebulls Securities has a buy call on Dabur with a target price of Rs 485. The current market price of Dabur is Rs 459.65. Sacchitanand Uttekar recommended a stoploss at Rs 450.

Dabur key products/revenue segments include personal care which contributed Rs 5,552.26 crore to sales value (98.98 per cent of total sales), other operating revenue which contributed Rs 48.73 crore to sales value (0.86 per cent of total sales) and scrap which contributed Rs 8.07 crore to sales value (0.14 per cent of total sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 2,273.29 crore, up 6.82 per cent from last quarter sales of Rs 2,128.19 crore and up 9.26 per cent from last year same quarter sales of Rs 2,080.68 crore. The company has reported net profit after tax of Rs 363.49 crore in latest quarter. The company’s top management includes Dr.Ajay Dua, Dr.S Narayan, Mr.Aditya Burman, Mr.Ajit Mohan Sharan, Mr.Amit Burman, Mr.Mohit Burman, Mr.Mohit Malhotra, Mr.P D Narang, Mr.P N Vijay, Mr.R C Bhargava, Mr.Saket Burman, Mr.Sanjay Kumar Bhattacharyya, Ms.Falguni Sanjay Nayar. The company has Walker Chandiok & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 1,767,055,672 shares outstanding.