Buy Dabur India, target price Rs 670: ICICI Securities

ICICI Securities has buy call on Dabur India with a target price of Rs 670. The current market price of Dabur India Ltd. is Rs 544.95.
Time period given by analyst is one year when Dabur India Ltd. price can reach defined target.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 96302.27 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-2022.


Financials
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 2922.98 Crore, up 11.69 % from last quarter Total Income of Rs 2616.95 Crore and up 8.40 % from last year same quarter Total Income of Rs 2696.38 Crore. Company has reported net profit after tax of Rs 441.40 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.24 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.23 per cent, DIIs 4.04 per cent.