Buy Dabur India, target Rs 422: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Dabur India Ltd. with a target price of Rs 422. The current market price of Dabur India Ltd. is Rs 408.65. Time period given by the analyst is Intra Day when Dabur India Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 404. Dabur India Ltd., incorporated in 1975, has a market cap of Rs 72356.12 crore.

Dabur India Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 5552.26 Crore to Sales Value (98.98 % of Total Sales), Other Operating Revenue which contributed Rs 48.73 Crore to Sales Value (0.86 % of Total Sales) and Scrap which contributed Rs 8.07 Crore to Sales Value (0.14 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 2128.19 Crore, down -3.23 % from last quarter Sales of Rs 2199.21 Crore and up 4.69 % from last year same quarter Sales of Rs 2032.91 Crore Company has reported net profit after tax of Rs 371.54 Crore in latest quarter. The company’s top management includes Dr.Ajay Dua, Dr.Anand C Burman, Dr.S Narayan, 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, Mr.Sunil Duggal, Ms.Falguni Sanjay Nayar. Company has Walker Chandiok & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 1,766,291,141 shares outstanding.