Buy Dabur India, target price Rs 660: Motilal Oswal

Motilal Oswal has buy call on Dabur India Ltd. with a target price of Rs 660. The current market price of Dabur India Ltd. is Rs 543.5.
Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 96345.53 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 30-06-2023, the company reported a Consolidated Total Income of Rs 3240.25 Crore, up 15.78 % from last quarter Total Income of Rs 2798.52 Crore and up 10.85 % from last year same quarter Total Income of Rs 2922.98 Crore. Company reported net profit after tax of Rs 456.81 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 66.23 per cent stake in the company as of 30-Jun-2023, while FIIs owned 19.39 per cent, DIIs 8.67 per cent.