Buy Dabur India, target price Rs 650: Motilal Oswal

Motilal Oswal has buy call on Dabur India Ltd. with a target price of Rs 650. The current market price of Dabur India Ltd. is Rs 530.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 93767.33 Crore) operating in FMCG sector.

Dabur India Ltd. key Products/Revenue Segments include Personal Care, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 3382.43 Crore, up 1.87 % from last quarter Total Income of Rs 3320.25 Crore and up 7.58 % from last year same quarter Total Income of Rs 3144.01 Crore. Company reported net profit after tax of Rs 506.84 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 66.24 per cent stake in the company as of 31-Dec-2023, while FIIs owned 16.49 per cent, DIIs 11.57 per cent.