Buy Dabur India, target price Rs 660: Motilal Oswal

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 94786.13 Crore) operating in FMCG sector.

By ETMarkets.com | Nov 03, 2023, 11.57 AM IST

Promoters held 66.23 per cent stake in the company as of 30-Sep-2023, while FIIs owned 18.37 per cent, DIIs 9.71 per cent.

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 535.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 94786.13 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 30-09-2023, the company reported a Consolidated Total Income of Rs 3320.25 Crore, up 2.47 % from last quarter Total Income of Rs 3240.25 Crore and up 6.77 % from last year same quarter Total Income of Rs 3109.77 Crore. Company reported net profit after tax of Rs 506.55 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 66.23 per cent stake in the company as of 30-Sep-2023, while FIIs owned 18.37 per cent, DIIs 9.71 per cent.

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