Buy Dabur India, target Rs 456: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Dabur India Ltd. with a target price of Rs 456. The current market price of Dabur India Ltd. is Rs 435.75. Time period given by the analyst is Intra Day when Dabur India Ltd. price can reach the defined target. Dharmesh Shah recommended to keep stoploss at Rs 423. Dabur India Ltd., incorporated in 1975, has a market cap of Rs 76999.45 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 30-06-2019, the company has reported a Consolidated sales of Rs 2273.29 Crore, up 6.82 % from last quarter Sales of Rs 2128.19 Crore and up 9.26 % from last year same quarter Sales of Rs 2080.68 Crore Company has reported net profit after tax of Rs 363.49 Crore in latest quarter. The company’s top management includes Dr.Ajay Dua, Dr.S Narayan, Mr.Aditya Burman, 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, Ms.Falguni Sanjay Nayar. Company has Walker Chandiok & Co. LLP as its auditors. As on 30-06-2019, the company has a total of 1,767,055,672 shares outstanding.