Morgan Stanley has maintained an equal-weight rating on Dabur with a target price of ₹531, indicating a potential downside of 2.7% from the current market price of ₹546. Despite a slight miss in Q2 earnings, management anticipates a recovery in the second half. However, the brokerage remains cautious due to ongoing challenges in Dabur’s beverages portfolio. Growth is expected to stabilize to mid- to high single digits, driven largely by volumes.
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor for any investment decisions.
