Buy Dabur India with a 12-month target of Rs 325: CLSA

CLSA maintains a buy call on Dabur India post Q4 results but raised its target price to Rs 325 from Rs 290 earlier. The volume growth bounced back to 7 per cent which is a key positive.

The management of Dabur is of the view that the herbal market is seeing some expansion and focus is now shifting on innovation and differentiation to counter Patanjali.