Dabur India
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Dabur India Limited is strategically enhancing its growth trajectory through manufacturing expansion, digital innovation, and sustainability initiatives, which are expected to bolster revenue and margins. Management's focus on premiumization and market share gains, particularly in the Hair Care and Foods segments, aligns with Vista's forecast of stable revenue growth and margins. The company's commitment to achieving 80% reusable packaging by FY 2025-26 and its recent acquisition of a minority stake in RAS Beauty are pivotal for long-term growth. However, challenges such as geopolitical tensions affecting international operations and inflationary pressures on input costs could impact profitability. The personal care industry is witnessing improving pricing power, which supports Dabur's margin outlook. Over the next 12-24 months, key opportunities include expanding e-commerce channels and premium product offerings, while watchpoints include managing input cost inflation and geopolitical risks. Overall, Vista's expected upside of approximately 14.7% reflects confidence in Dabur's strategic initiatives and market positioning
Why We Like This Stock
- Dabur's strategic focus on premiumization and innovation is expected to drive revenue growth and enhance market share
- The company's commitment to sustainability and digital transformation positions it favorably for long-term growth
- Strong rural demand and effective capital allocation strategies are likely to support margin stability
Things To Watch Out For
- Geopolitical tensions, particularly in the Middle East, pose risks to international revenue streams
- Inflationary pressures on raw materials could impact profit margins despite pricing power
- Unseasonal weather patterns may disrupt sales in seasonal product categories
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 12,404 | 12,563 | 13,193 | 13,915 | 15,132 |
| Profit Before Tax (Cr.) | 2,358 | 2,249 | 2,435 | 2,685 | 2,948 |
| PBT Margin | 19.0% | 17.9% | 1845.7% | 19.3% | 19.5% |
| Net Profit (Cr.) | 1,818 | 1,751 | 1,881 | 2,067 | 2,239 |
| Earnings Per Share | 10.4 | 10.0 | 10.7 | 11.5 | 12.6 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Anand Rathi | ▲ Buy | 550 | 30-Jul-2026 |
| Axis Securities | ▲ Buy | 550 | 08-May-2026 |
| BPWealth | ▲ Buy | nan | 08-May-2026 |
| Citigroup | ▼ Sell | 425 | 06-Jul-2026 |
| Elara Capital | ► Accumulate | 530 | 30-Jul-2026 |
| Emkay Global | ► Add | 470 | 30-Jul-2026 |
| Goldman Sachs | ► Neutral | 485 | 30-Jul-2026 |
| HDFC Securities | ► Add | 465 | 30-Jul-2026 |
| HSBC | ► Hold | 470 | 30-Jul-2026 |
| ICICI Securities | ► Add | 500 | 30-Jul-2026 |
| Investec | ► Hold | 514 | 08-May-2026 |
| JPMorgan | ► Neutral | 485 | 30-Jul-2026 |
| Jeffries | ▲ Buy | 610 | 30-Jul-2026 |
| Macguire | ► Neutral | 470 | 30-Jul-2026 |
| Moneycontrol | ▲ Overweight | nan | 30-Jul-2026 |
| Morgan Stanley | ▼ Underweight | 425 | 30-Jul-2026 |
| Motilal Oswal | ► Neutral | 745 | 08-May-2026 |
| Nomura | ▲ Buy | 625 | 30-Jul-2026 |
| Prabhudas Liladhar | ► Hold | 492 | 30-Jul-2026 |
| UBS | ► Hold | 520 | 08-Apr-2026 |
Company Overview
Show Company Profile
Dabur India Limited operates as a fast moving consumer goods company worldwide. It operates through Consumer Care Business, Foods Business, Retail Business, and Other segments. The company provides health supplements under the Dabur Chyawanprash, Dabur Honey, and Dabur Glucose brand name; digestive products under the Hajmola and Pudin Hara; cough and cold products under the Honitus brands name; rejuvenators under the Shilajit brand name; health juices; nutraceuticals under the Siens brand name; and baby care products under the Dabur Lal Tail, Janma Ghunti, Gripe Water, and Dabur Baby brand names, as well as Ayurvedic Ethicals. It also offers hair care products under the Dabur Amla Hair Oil, Vatika, and Cool King brands; oral care products under the Dabur Red Toothpaste, Dabur Meswak, and Dabur Herb'l Toothpaste brand names; skin care products, including rose water, moisturising creams and lotions, soaps, body wash, toners, facial bleaches, and depilatory creams under the Dabur Gulabari and Fem & OxyLife brand names; and home care products, such as air fresheners under Odonil name, mosquito repellents under the Odomos brand, and surface cleaners under the Sanifresh brand name. In addition, the company provides beverages under the Réal and Réal Activ brand names; foods under the Dabur and Hommade brands; and spices under the Badshah brand, as well as edible oils and ghee which includes Dabur Cold Pressed Mustard Oil, Dabur Cold Pressed Sesame Oil, Dabur Cold Pressed Groundnut Oil, Dabur Virgin Coconut Oil and Dabur 100% Cow Ghee. It also operates specialized beauty retail stores that offer a range of cosmetics, fragrances, skin care, and personal care products, as well as beauty and fashion accessories under the NewU brand name. Dabur India Limited was founded in 1884 and is based in Ghaziabad, India.