CLSA has maintained a ‘Hold’ rating on Dabur with a target price of ₹582/share, indicating a potential upside of 11.1% from the current market price (CMP) of ₹524.00.
The Q3 update highlighted consolidated revenue growth in low single digits, slightly below the consensus estimate of 4%. Operating profit margins remained flattish, compared to the expected decline of 6% year-on-year (YoY). Rural growth outpaced urban markets, showcasing resilience in Dabur’s rural-focused strategy.
CLSA believes that while growth remains subdued, the company’s rural performance provides a positive offset against broader challenges.
Disclaimer: The above analysis is based on inputs provided and is for informational purposes only. It does not constitute financial advice. Readers are advised to consult their financial advisors before making any investment decisions.
