Dabur | Business Upturn

Brokerage calls today, April 7: DMart, NMDC, Marico, Adani Ports, Dabur and more stocks in focus

Aman Shukla — Tue, 07 Apr 2026 03:28:58 +0000

Brokerage activity on April 7 reflects a mix of upgrades, sectoral tailwinds, and cautious outlooks amid geopolitical uncertainties. Retail, consumer staples, metals, and infrastructure names remained in focus.

Avenue Supermarts (DMart): Strong growth drives upgrades

Brokerages turned increasingly positive on DMart after a solid quarterly update.

CLSA maintained a high-conviction outperform rating with a target price of ₹6,583. The firm highlighted standalone revenue of ₹1,72,045 million, slightly ahead of estimates. Quarterly sales growth stood at 18.9% YoY, improving sequentially from 15.4% and 13.2% in the previous two quarters. Inflation also picked up, with CPI at 3% compared to 0.6% in Q3FY26, supporting value retail demand.

Store expansion remained aggressive, with 58 new additions in the quarter, taking the total store count to 500.

Morgan Stanley upgraded the stock to overweight and raised the target price to ₹5,188. It expects revenue growth to sustain at 19–20% in FY27–FY28, compared to ~16% in FY26. Higher inflation and faster store expansion are seen as key tailwinds, positioning DMart as a relatively defensive play within discretionary consumption.

NMDC: Iron ore price hike amid global cues

Morgan Stanley flagged a sharp increase in iron ore prices by NMDC, driven by multiple factors. Seaborne iron ore prices have risen to around $113/tonne, up ~8% since late February, partly due to Middle-East disruptions.

Domestic steel prices remain supported by demand and safeguard duties, while restocking activity continues to stay strong.

However, the brokerage cautioned that China’s steel supply reforms and increased shipments from Guinea’s Simandou project could weigh on global iron ore sentiment going forward. The evolving Middle-East situation remains a key variable.

Marico: Stable growth keeps outlook positive

HSBC retained a buy rating with a target price of ₹940, citing steady operational performance.

India business volumes grew in high single digits, while consolidated operating profit saw double-digit growth. Parachute continued to show resilience, value-added hair oils (VAHO) grew over 20% YoY, and the foods segment recovered with high-teen growth.

The brokerage continues to prefer Marico within the consumer staples space, supported by consistent execution and improving margins.

Adani Ports and Special Economic Zone: Volume growth offsets risks

Nomura maintained a buy rating with a target price of ₹1,850.

Cargo volumes rose 11% YoY in FY26 to 501 million tonnes, driven by strong container growth of 19%. While EBITDA estimates for FY26–27 were marginally cut by 1% due to war-related disruptions, overall growth visibility remains intact.

Revenue and EBITDA are expected to grow 14% and 13% YoY respectively in Q4FY26. The stock is seen trading at 11x FY28 EV/EBITDA.

Dabur: Mixed outlook amid global headwinds

Morgan Stanley maintained an underweight stance with a target price of ₹412.

Revenue growth for Q4 is expected to remain in mid-single digits, while EBITDA growth may slightly outpace revenue. Domestic demand showed sequential improvement, but geopolitical tensions impacted performance in the Middle-East region.

Management commentary points to gradual recovery in domestic demand, though external risks remain.

Cable & Wire Sector: Growth intact, margins under pressure

HSBC highlighted strong Q4 revenue growth driven by better realizations across the cable and wire segment. However, rising input costs and lower operating leverage are expected to weigh on profitability in the near term.

The brokerage retained:

Buy on Polycab India (TP ₹8,500)
Buy on R R Kabel (TP ₹1,610)
Hold on KEI Industries (TP ₹3,950)

Middle-East disruptions remain a near-term concern, though the long-term structural growth story for the sector is unchanged.

Top stocks to watch today, May 8: Reliance Industries, Tata Motors, Coal India, Dabur, Voltas and more

Aman Shukla — Thu, 08 May 2025 02:50:06 +0000

Indian share markets are likely to open higher on Thursday, May 8, 2025, as indicated by GIFT Nifty, which was up 0.41% at 24,423.50 as of 8:05 am.

Here’s a look at key stocks likely to remain in focus during the trading session:

Reliance Industries

Reliance Jio added 21.74 lakh users in March, showing an increase from the 17.65 lakh additions in February, indicating a steady growth in its subscriber base.

Tata Motors

Tata Motors may be in focus as reports suggest the United States is likely to announce a trade agreement with the United Kingdom, potentially impacting global operations.

Coal India

Coal India’s Q4 earnings surpassed market estimates. The company reported a 2% quarter-on-quarter increase in realisation and an 11% year-on-year decline in employee expenses.

Symphony

Symphony posted an 87.7% year-on-year growth in EBITDA for the fourth quarter. Margins improved to 22% from 17.2% in the same period last year.

United Breweries

Q4 results from United Breweries were better than expected. Domestic volume growth stood at 5%, aligning with the projected range of 4-5%.

Lupin

Lupin announced the launch of Eslicarbazepine Acetate tablets for the treatment of seizures in the U.S. market. The drug has an estimated annual market size of $395 million.

Dabur

Dabur India reported flat revenue growth for Q4. EBITDA and PAT were both down by 8.5% year-on-year.

Tata Chemicals

Tata Chemicals reported a 340 basis point decline in margins and a 27% year-on-year drop in EBITDA.

UPL

China has imposed an anti-dumping duty on imports of the insecticide Cypermethrin from India, which could impact UPL’s export operations.

Voltas

Voltas posted weaker-than-expected Q4 results, with the company losing market share in the Room Air Conditioner (RAC) segment.

Blue Star

Blue Star’s Q4 EBITDA and margin were below estimates, though revenue growth remained in line with expectations.

Niva Bupa

The health insurer saw a 338 basis point increase in its combined ratio for Q4. Underwriting profit declined by 12% year-on-year.

Sonata Software

Sonata Software reported a 6.6% quarter-on-quarter decline in international IT services revenue. Domestic product services revenue also fell 9%.

Vodafone Idea

Vodafone Idea lost 5.41 lakh subscribers in March, compared to a loss of just 20,720 users in February.

KFin Technologies

Sources suggest that the promoter of KFin Tech plans to sell 6% equity via block deals, with a discount of 5-8% on Wednesday’s closing price.

Satin Creditcare

Satin Creditcare reported a drop in Net Interest Margin (NIM) to 11.81% from 14.61%. Profit declined by 67.24% year-on-year.

Somany Ceramics

Somany Ceramics reported an 18% decline in EBITDA for Q4. Margins dropped to 8.5% from 10.8% year-on-year.

Route Mobile

Route Mobile’s revenue declined 0.7% quarter-on-quarter. Margins also contracted by 60 basis points.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Dabur India Q4 results: Net profit declines 8.4% YoY to Rs 313 crore; Revenue flat at Rs 2,830 crore

Aditya Bhagchandani — Wed, 07 May 2025 10:34:04 +0000

Dabur India reported an 8.4% year-on-year decline in net profit for the quarter ended March 31, 2025, at ₹312.73 crore compared to ₹341.22 crore in the same quarter last year. The revenue from operations during the quarter remained largely flat at ₹2,830.14 crore versus ₹2,814.64 crore in Q4 FY24.

Total income for the quarter stood at ₹2,971.29 crore, while total expenses declined slightly to ₹2,559.39 crore compared to ₹2,490.43 crore in Q4 FY24. Key cost components such as employee benefits and advertising expenses remained elevated, impacting overall profitability.

For the full year FY25, Dabur posted a net profit of ₹1,740.42 crore, slightly down from ₹1,811.31 crore in FY24. Annual revenue grew modestly to ₹12,563.09 crore from ₹12,404.01 crore a year ago.

Key highlights:

Q4 Revenue: ₹2,830.14 crore vs ₹2,814.64 crore (YoY flat)
Q4 Net Profit: ₹312.73 crore vs ₹341.22 crore (down 8.4% YoY)
FY25 Revenue: ₹12,563.09 crore vs ₹12,404.01 crore (up 1.3% YoY)
FY25 Net Profit: ₹1,740.42 crore vs ₹1,811.31 crore (down 3.9% YoY)

Despite the modest revenue growth, rising input and advertising costs weighed on Dabur’s bottom line. The company remains cautious as it navigates margin pressures in a competitive FMCG environment.

Dabur India shares up nearly 3% as Q3 net profit rises to Rs 516 crore

Aditya Bhagchandani — Thu, 30 Jan 2025 09:45:10 +0000

Shares of Dabur India Limited surged nearly 3% during Tuesday’s trading session following the announcement of its Q3 FY25 financial results. The company’s revenue from operations grew 3% year-on-year (YoY) to Rs 3,355 crore, up from Rs 3,255 crore in Q3 FY24. Total income for the quarter stood at Rs 3,483 crore, slightly higher than Rs 3,382 crore in the corresponding period last year.

Dabur’s total expenses rose to Rs 2,826 crore, compared to Rs 2,634 crore YoY, driven by higher employee benefits, depreciation, and advertising expenses. The cost of materials consumed declined to Rs 1,220 crore, reflecting efficient cost-saving initiatives. Advertising and publicity expenses stood at Rs 227 crore, while employee benefits totaled Rs 335 crore.

Profit before tax for the quarter stood at Rs 658 crore, marginally down from Rs 661 crore in the previous year. However, net profit improved 2% YoY to Rs 516 crore, compared to Rs 502 crore in Q3 FY24, reflecting strong operational performance despite cost pressures.

Key Financial Highlights:

Revenue from operations: Rs 3,355 crore (up 3% YoY from Rs 3,255 crore)
Total income: Rs 3,483 crore (up from Rs 3,382 crore YoY)
Total expenses: Rs 2,826 crore (up from Rs 2,634 crore YoY)
Profit before tax: Rs 658 crore (compared to Rs 661 crore YoY)
Net profit: Rs 516 crore (up 2% YoY from Rs 502 crore)

Following the earnings announcement, Dabur India’s shares rose to Rs 530.80, reflecting investor confidence in the company’s ability to sustain growth through its strategic initiatives. The market capitalization of the company currently stands at Rs 940.21 billion.

Dabur India Q3 FY25 Results: Revenue from operations rises 3% YoY to Rs 3,355 crore, Net Profit up 2% YoY

Aditya Bhagchandani — Thu, 30 Jan 2025 09:43:02 +0000

Dabur India Limited reported its Q3 FY25 financial results, showcasing moderate growth in revenue but a slight dip in profitability. The company’s revenue from operations rose 3% year-on-year (YoY) to Rs 3,355 crore, compared to Rs 3,255 crore in Q3 FY24. Total income for the quarter stood at Rs 3,483 crore, down marginally from Rs 3,382 crore in the same period last year.

Total expenses for the quarter increased to Rs 2,826 crore, up from Rs 2,634 crore YoY, driven by higher costs in key areas such as employee benefits, depreciation, and advertisement expenses. The cost of materials consumed declined slightly to Rs 1,220 crore, compared to Rs 1,270 crore last year, reflecting efficient sourcing and cost-saving measures. Employee benefit expenses rose to Rs 335 crore, and advertising and publicity expenses stood at Rs 227 crore.

Profit before tax was Rs 658 crore, down from Rs 661 crore YoY, reflecting the impact of increased costs on margins. Net profit for the quarter came in at Rs 516 crore, a 2% surge from Rs 506 crore in Q3 FY24.

Dabur attributed the performance to ongoing cost pressures and muted growth in some product segments, but it remains optimistic about its future growth through continuous innovation and category expansion.

Key Financial Highlights:

Revenue from operations: Rs 3,355 crore (up 3% YoY from Rs 3,255 crore)
Total income: Rs 3,483 crore (down marginally from Rs 3,382 crore YoY)
Total expenses: Rs 2,826 crore (up from Rs 2,634 crore YoY)
Profit before tax: Rs 658 crore (down from Rs 661 crore YoY)
Net profit: Rs 516 crore (up 2% YoY from Rs 506 crore)

Dabur remains committed to delivering consistent growth through investments in innovation, rural penetration, and category diversification, despite facing challenges in its operating environment.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Top Q3 FY25 Results Today on January 30, 2025: Adani Enterprises, Adani Ports, Bajaj Finserv, BEL, Biocon, Dabur, Prestige Estates

Aditya Bhagchandani — Thu, 30 Jan 2025 02:16:39 +0000

A host of prominent companies, including Adani Enterprises, Adani Ports, Astral, Bajaj Finserv, Bank of Baroda, BEL, Biocon, Coromandel International, Dabur, Max Healthcare, Navin Fluorine, and Prestige Estates, are set to release their Q3FY25 earnings today. Market participants are closely monitoring these reports to gauge sector performance and company-specific growth metrics.

Key earnings highlights expected today include:

Adani Enterprises: Revenue is expected at Rs 29,727 crore, reflecting YoY growth.
Adani Ports: Estimated revenue of Rs 7,232 crore with a YoY profit boost.
Astral: Revenue forecasted at Rs 1,500 crore with rising EBITDA margins.
Bajaj Finserv: QoQ revenue anticipated at Rs 30,357 crore amid EBIT fluctuations.
Bank of Baroda: NII projected to rise to Rs 11,973 crore with improved margins.
BEL: Revenue expected to grow to Rs 4,850 crore, supported by strong profitability.
Biocon: Expected revenue stability despite margin pressures.
Coromandel International: Revenue set at Rs 6,213 crore, with improved YoY margins.
Dabur: Anticipated revenue of Rs 3,349 crore, steady with YoY comparisons.
Max Healthcare: Significant YoY revenue jump to Rs 2,148 crore.
Navin Fluorine: Revenue growth to Rs 585 crore, led by core business strength.
Prestige Estates: Revenue forecast of Rs 2,352 crore, reflecting robust YoY growth.

Investors will keep a close eye on net profits, EBITDA margins, and other key performance indicators to assess potential market reactions following the announcements.

Dabur shares decline 3% as Q3 business update reveals low single-digit revenue growth

Aditya Bhagchandani — Mon, 06 Jan 2025 03:59:30 +0000

Dabur India Limited saw its shares decline by 3% in early trade today following the release of its Q3 FY25 business update. The company, in its post-market announcement on January 3, 2025, reported low single-digit revenue growth and flat profit growth on a year-on-year (YoY) basis for the quarter ending December 31, 2024. The subdued performance has raised concerns among investors, especially in light of ongoing demand challenges in critical segments.

Key Highlights from Dabur’s Q3 FY25 Business Update:

Revenue Growth: Dabur expects consolidated revenue growth to remain in the low single digits, primarily due to muted demand in the healthcare and beverage segments.
Profitability: Net profit for the quarter is projected to remain flat YoY, reflecting ongoing challenges in driving earnings growth.
Segment-Wise Performance:
- Healthcare Segment: Performance remained flat, impacted by the delayed onset of winter.
- Beverages: The segment showed muted growth during the quarter.
- Home and Personal Care (HPC): Anticipated to deliver mid to high single-digit growth.
- Culinary Business: Achieved strong double-digit growth, supported by brands like ‘Hommade’ and ‘Badshah.’
Rural and Urban Trends: Rural markets continued to grow at a faster pace than urban markets, showcasing resilience in demand. However, general trade remained under pressure, with alternate channels like modern trade, e-commerce, and quick commerce delivering strong growth.
Inflationary Pressures: The company mitigated inflationary challenges in certain segments through price increases and cost-efficiency initiatives.
International Business: Dabur’s international operations reported double-digit growth in constant currency terms, led by strong performances in the Middle East and North Africa (MENA), Egypt, Bangladesh, and the United States

As of 9:27 am the shares were trading 2.58% lower at ₹511.35 on NSE.

Dabur India Share Price history

Day	Open	Close	Change %
Fri, Jan 3 2025	₹515.00	₹524.90	+2.25%
Thu, Jan 2 2025	₹510.95	₹513.35	+0.47%
Wed, Jan 1 2025	₹506.90	₹510.95	+0.78%
Tue, Dec 31 2024	₹505.30	₹507.00	+0.35%
Mon, Dec 30 2024	₹507.00	₹505.25	-0.37%
Fri, Dec 27 2024	₹506.50	₹507.15	+0.31%
Thu, Dec 26 2024	₹510.45	₹505.60	-0.85%
Tue, Dec 24 2024	₹512.00	₹509.95	+0.09%

Dabur India to announce Q3 FY25 results on January 30, 2025

Aditya Bhagchandani — Fri, 20 Dec 2024 09:03:23 +0000

Dabur India Limited has scheduled a board meeting on January 30, 2025, to review and approve its unaudited financial results for the quarter and nine months ending December 31, 2024.

In its Q2 FY25 results, the company reported a 5.3% year-on-year decline in revenue to ₹3,028.59 crore and a 17.6% drop in net profit to ₹417.52 crore. The upcoming announcement is expected to provide updates on Dabur’s financial performance in the third quarter.

Key Highlights from Q2 FY25:

Revenue from Operations: The company reported revenue of ₹3,028.59 crore in Q2 FY25, marking a 5.3% year-on-year (YoY) decrease from ₹3,200.84 crore in Q2 FY24 and a 9.6% quarter-on-quarter (QoQ) decline from ₹3,349.11 crore in Q1 FY25.
Net Profit: Dabur’s net profit declined by 17.6% YoY to ₹417.52 crore in Q2 FY25, down from ₹507.04 crore in Q2 FY24. On a quarter-on-quarter (QoQ) basis, net profit declined by 15.5% from ₹494.35 crore in Q1 FY25.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Dabur shares fall over 7% today following weaker than expected Q2 business update, brokerage downgrades

News Desk — Thu, 03 Oct 2024 03:46:17 +0000

Shares of Dabur India Ltd. fell by 7.32% to ₹573.70 in early trading on the NSE after Macquarie downgraded its target price for the stock to ₹560 from ₹600, maintaining a neutral rating. The brokerage’s decision is driven by weaker-than-expected demand, largely due to disruptions caused by monsoon-related issues and efforts to rationalize channel inventory.

Macquarie has also revised its earnings per share (EPS) estimates for Dabur, cutting its FY25 projection by 8%, and FY26 and FY27 estimates by 5% each, reflecting the ongoing challenges. While Dabur anticipates a sales recovery starting in October, the brokerage remains cautious due to the slower-than-expected demand recovery.

In addition, Dabur’s consolidated Q2 revenue is expected to decline by mid-single digits, with operating margins likely to fall to the mid-to-high teens, further contributing to the stock’s drop. Despite these short-term obstacles, Dabur remains a major player in the FMCG sector, with its long-term growth hinging on effective strategies to overcome these challenges.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Please consult a financial advisor before making any investment decisions.

Macquarie cuts target price for Dabur shares to Rs 560 following weak Q2 business update

Markets Desk — Thu, 03 Oct 2024 02:33:27 +0000

Macquarie has downgraded its target price for Dabur to Rs 560 from Rs 600, maintaining a neutral rating. This decision follows observations of weaker-than-expected demand, primarily driven by monsoon-related disruptions and efforts to rationalize channel inventory.

The brokerage has revised down its EPS estimates for FY26 and FY27 by 5% each, and its FY25 EPS estimate by 8%, reflecting these challenges. While Dabur expects a sales recovery starting in October, Macquarie remains cautious about the slower-than-anticipated demand momentum.

Despite these setbacks, Dabur continues to be a significant player in the FMCG sector, and its long-term prospects hinge on how effectively it navigates these near-term obstacles. Macquarie will closely monitor Dabur’s performance as it implements strategies to overcome these temporary challenges.

Dabur anticipates mid-single digit decline in Q2 revenue, heavy rains impacted consumption

Markets Desk — Tue, 01 Oct 2024 12:15:49 +0000

Dabur India Ltd., one of India’s leading FMCG companies, has released a business update for the quarter ending September 30, 2024 (Q2 FY25). Despite witnessing some improvement in demand trends, Dabur faced challenges due to heavy rain and floods across parts of the country, which impacted out-of-home consumption and consumer offtake, particularly in the beverage category.

In recent quarters, the company has observed a significant growth in organized channels such as Modern Trade (MT), Ecommerce, and Quick Commerce. However, this has resulted in increased inventory levels in the General Trade (GT) channel, affecting distributor Return on Investment (ROI). In response, Dabur has strategically decided to correct distributor inventory in the GT channel to improve ROI, a move deemed essential for the long-term health and sustainability of the business.

Due to this inventory correction, Dabur anticipates a mid-single digit decline in consolidated revenue for the quarter. This decline is primarily attributed to the Indian market, while international business is expected to show double-digit constant currency growth. Notably, Badshah Masala has continued to perform well, recording double-digit growth during the quarter.

Despite the decline in primary sales, Dabur continued its investments in advertising and promotion (A&P). However, these investments, along with deleverage, are expected to impact profitability, leading to an operating margin decline in the range of mid to high teens for the quarter.

Looking ahead, Dabur remains committed to investing in marketing, media initiatives, distribution infrastructure, and backend capabilities. The company expects revenue growth to revive from October 2024 onwards, driven by streamlined GT channel operations and strong momentum in alternate channels.

Dabur also announced an improvement in its Dow Jones Sustainability Index (DJSI) score, which increased from 72 to 81, reflecting the company’s commitment to sustainability and responsible governance. This 170% improvement over the past two years underscores Dabur’s strategic initiatives in enhancing environmental stewardship, social responsibility, and robust governance practices.

UBS downgrades Dabur to Neutral but raises target price for shares to Rs 700 – Check here why

Markets Desk — Wed, 25 Sep 2024 02:58:08 +0000

UBS has downgraded its rating for Dabur to “Neutral” while raising the target price to ₹700. The downgrade is attributed to potential sales risks and increased competition in key product segments.

UBS highlighted two main concerns for Dabur: a potential sales risk to its Real juices, which accounted for about 9-10% of consolidated sales in FY24, due to the impact of a carbonated soft drink (CSD) price war in India, and heightened competition in the coconut oil segment, which represented 2-3% of consolidated sales in FY24, following the entry of Bajaj Consumer.

With rural demand recovery largely priced in and valuations nearing two standard deviations above the five-year mean, UBS believes downside risk is rising. However, the brokerage acknowledges that Dabur’s other segments are performing well and expects strong demand during the upcoming festive season to mitigate some of these risks.

Additionally, UBS has cut its FY25 earnings per share (EPS) estimate for Dabur by 11% to account for lower beverage sales growth and limited margin expansion in FY25.

Stock Comparison: Colgate vs Dabur in India – Market Share, Financials, Stock Price Performance, and More

Arunika Jain — Tue, 14 May 2024 12:07:15 +0000

Colgate and Dabur are two of the leading FMCG companies in India, competing in various product categories such as toothpaste, oral care, and personal care. Here, we’ll compare these two giants in the Indian market, analyzing their market share, financial performance, stock price performance, valuation metrics, and shareholding patterns.

Market Share

Category	Colgate	Dabur
Toothpaste Market (by value) as on March 2020	48.3%	13.4%
Natural/Herbal Toothpaste	–	~75% (combined with Patanjali)

Financial Performance

Metric		Colgate	Dabur
Market Cap	As of May 14, 2024	₹ 76,645.55 crore	₹ 98,224.13 crore
Total Income	As of December 31, 2023	₹ 1,413.54 crore	₹ 2,516.22 crore
Net Profit	As of December 31, 2023	₹ 330.11 crore	₹ 428.12 crore
Earning Per Share	As of December 31, 2023	₹ 2.42	₹ 12.14

Stock Price Performance

Metric	Colgate	Dabur
1-Year Return	73.25%	6.98%

Valuation Metrics (as on 14 May, 2024)

Metric	Colgate	Dabur
Price-to-Earnings (P/E) Ratio	60.97	52.86
Price-to-Book Value (P/BV) Ratio	44.12	9.87
Dividend Yield	1.50%	0.99%

Shareholding Pattern (March 2024)

Company	Promoter Holding
Colgate	51.0%
Dabur	66.25%

Brokerage Calls

Dabur: Of the 40 analysts tracking Dabur India, 43% have a Buy rating on the stock, 28% have an Outperform rating, 25% have and hold rating, while the rest 6% have an Underperform and Sell rating, respectively.

Colgate: Of the 31 analysts tracking Colgate Palmolive, 10% have a Buy and Outperform rating on the stock, 35% have an Hold rating on the stock, 19% have an underperform rating and the rest 26% have a Sell rating.

In conclusion, while Colgate leads the toothpaste market, Dabur has a strong presence in the natural/herbal segment and a higher market capitalization. Colgate has outperformed the market in terms of stock price performance, but both companies have healthy financials and promoter holdings.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered as professional financial advice. Investing in stocks involves risks, and readers should conduct their own research and due diligence before making any investment decisions.

Note: The stock prices and financial data mentioned in this article are as of May 14, 2024, the time of writing. Data sourced from NSEindia.com and Angleone.in

Dabur Q4 Results: Net profit jumps 16% to ₹350 crore, dividend declared

Aditya Bhagchandani — Thu, 02 May 2024 12:31:05 +0000

Dabur India reported a 16.5% increase in its consolidated net profit for the March quarter, reaching ₹341.22 crore, up from ₹292.76 crore in the same period last financial year.

During the same period, the company’s total revenue grew 5.11% to ₹2,814.64 crore, compared to ₹2,677.80 crore in the year-ago quarter.

The products of Dabur, such as Dabur Chyawanprash or Dabur Honey, enjoyed a 14% growth of its earnings before interest, tax, depreciation, and amortization charges for the quarter, which made up ₹467 crore.

As noted in the source, the company also demonstrated a 130 basis point margin increase YoY, reaching 16.6%. The board of directors of Dabur India also declared a final dividend of Rs. 2.75 per equity share for the financial year, 2023-2024.

The robust results of the company for the quarter and the declaration of the dividend on the part of the board are likely to be appreciated by the investor community and analysts, thus helping Dabur to further solidify its standing as a main player in the FMCG domain.

Dabur Ltd witnesses strong Q3 performance with 8% rise in consolidated net profit

Aditya Bhagchandani — Wed, 31 Jan 2024 09:29:36 +0000

Dabur Ltd has reported a consolidated net profit of Rs 514.22 crore for the December quarter of FY24, showcasing a notable 8% growth from the year-ago period. The total revenue of the company reached Rs 3,255 crore, marking a substantial 7% increase compared to Rs 3,043 crore in the corresponding quarter of the previous year, as disclosed in the company’s regulatory filing on January 31.

During the quarter, Earnings before Interest, Tax, Depreciation, and Amortization (EBIDTA) stood at Rs 667.6 crore, experiencing a robust 9.4% growth. The EBIDTA margin reached 20.5%, reflecting a noteworthy expansion of 5 basis points year-on-year. This solid performance underscores Dabur’s financial resilience and strategic efficiency in a dynamic market environment.

Dabur’s shares surge nearly 2% after company’s two foreign subsidiaries get clearance in US litigation

Aditya Bhagchandani — Thu, 16 Nov 2023 06:55:51 +0000

FMCG giant Dabur’s foreign subsidiaries, Dabur International and Dermoviva Skin Essentials, have successfully been removed as defendants in numerous lawsuits filed in a US court. The legal actions alleged that these products were responsible for causing ovarian cancer, uterine cancer, and related health issues among users. However, Dabur’s third international entity, Namaste Laboratories LLC, remains entangled in legal proceedings before the US District Court for the Northern District of Illinois, according to a recent filing by Dabur on November 15.

The dismissal of Dabur International and Dermoviva Skin Essentials from the lawsuits was attributed to a lack of personal jurisdiction. The entities had no involvement in the manufacturing, marketing, distribution, or sale of hair relaxer products in the United States.

Contrastingly, Namaste Laboratories LLC is confronted with 5,400 cases in both federal and state courts across the US. This places Namaste alongside other industry players such as L’Oreal, SoftSheen/Carson, Luster Products Inc, Avion Industries, Inc., PDC Brands (Parfums de Coeur, Ltd), and Revlon, among others.

Dabur clarified that the lawsuits do not pertain to any Dabur brand or product, emphasizing that Dabur India Ltd is not a party to these legal challenges. Notably, the sale of hair relaxer products by Namaste constitutes less than 1 percent of the total consolidated turnover of Dabur India Ltd.

As of nearly 12:23 pm, Dabur’s shares exhibited a surge of 1.14%, reaching ₹532.00.

Delhi HC awards Emami temporary relief in “Thanda Tel” packaging dispute with Dabur

Avinash Ram — Thu, 17 Aug 2023 14:56:26 +0000

According to Bar and Bench Dabur’s sale of their product, Dabur Cool King Thanda Tel, in packaging that is eerily similar to Emami’s Navratna is now illegal according to an interim injunction from the Delhi High Court. The case “Emami Limited v. Dabur India Limited” produced an interim ruling. According to the judgement by Justice C. Hari Shankar on August 9, there is a preliminary evidence that Dabur purposefully copied important features of Emami’s product in order to get access to the market that Emami had built up since 1989. This action by Dabur raises questions about possible infringement and unfair competition, it said.

“When one first views the two bottles, they have a similar appearance, with the minor variation between their two shapes being so subtle as not to be noticeable to a typical client. Both bottles of oil are crimson in color. According to the court as quoted by Bar and Bench, “The use of red color for oil is also, in my judgment, borrowed from the red oil which is utilized by the plaintiff.

The court was dealing with a complaint that Emami had filed, claiming that they had been selling Navratna oil since 1989 while Dabur’s Cool King had only recently entered the market in May 2023 and that it had an unsettling similarity to Navratna. The argument’s main thrust was on Dabur’s claimed violation of Emami’s trademark, design, and copyright, which might have resulted in a passing-off act. The court spent a great deal of time throughout the legal procedures going into Dabur’s oil advertising strategies as well as the packaging of both products, which are sold in both bottle and sachet form.

Justice Hari Shankar noted with great interest that Dabur had made a conscious effort to make their product resemble Emami’s oil, with the obvious goal of confusing regular people. Dabur’s suggested redesigned packaging was met with opposition from the court, which was represented by Justice Hari Shankar. The court rejected the idea that the modification would allay any infringement worries, suggesting that the revised packaging may still be seen as illegal. Following that, the court issued a summons that was relevant to the case and made an interim ruling. On October 10, the joint registrar will hear a second hearing in the matter with the goal of wrapping up the procedure.

Dabur Q1 results: Net profit grows 3.5% to Rs 457 crore; revenue up 11% YoY

Adesh Dixit — Thu, 03 Aug 2023 16:23:46 +0000

For the quarter ending in June 2023, Dabur India’s consolidated net profit increased 3.5% to ₹456.6 crore from ₹441 crore in the same time the previous year.

The FMCG giant’s consolidated revenue climbed 11% YoY to ₹3,130.5 crore in Q1FY24 from ₹2,822.4 crore, thanks to robust double-digit growth in the HC and HPC sectors. Comparing Q1 revenue growth to a constant currency basis, it is 13.3%.

The domestic volume growth of Dabur India was 3%.

The quarterly increase in the company’s profits before interest, taxes, depreciation, and amortization (EBITDA) to ₹604.7 crore from ₹543.7 crore, YoY, was 11.2%. The EBITDA margin stayed constant at 19.3%.

After three quarters, we have seen a return to high single digit growth in our rural areas due to the slowing of inflation. The disparity between rural and urban growth has narrowed considerably, according to Mohit Malhotra, CEO of Dabur India.

In constant currency terms, Dabur’s International Business recorded growth of 20.6%. Turkey’s business rose by 51.2%, compared to 45.7% growth in Egypt, 13% growth in Sub-Saharan Africa, and 10.2% growth in MENA.

Dabur’s over-the-counter business saw growth of 24.3% in the quarter. The Home Care industry saw a 14.5% increase, while the Digestive industry saw a 14.3% increase.

During the quarter, the portfolio for oral care increased by 12.7%, while the portfolio for hair care expanded by about 10%. The company stated in a release that although the Foods business expanded by 35%, the unseasonal rains had an influence on the Beverages portfolio.

Dabur India’s share price was 1.55% lower at ₹556.90 per share on the BSE at 2:55 p.m.

Dabur Q3 net profit dips 5% to ₹476 Crore, revenue down 3%

Aryan Jakhar — Thu, 02 Feb 2023 09:59:09 +0000

Dabur reported a 5.49 percent drop in total net profit to ₹476.65 crore for the December 2022 quarter on Thursday. Dabur reported a net profit of ₹504.35 crore in the previous fiscal year in a regulatory filing.

Dabur’s overall sales increased by 3.44 percent to ₹3,043.17 crore in the quarter under review, up from ₹2,941.75 crore the previous year. The order book for the corporation was at $8.2 billion.

On Friday, the company’s stock was trading 1.26 percent down on the BSE, at ₹554.60.

Amit Burman resigns as Chairman of Dabur India

Aryan Jakhar — Fri, 12 Aug 2022 05:41:24 +0000

Dabur’s chairman, Amit Burman, has submitted his resignation. The company said on Friday that Burman’s resignation as chairman of the board of directors with effect from the end of business on August 10, 2022, had been accepted by the board. However, Burman will continue to hold the position of non-executive director for the business.

Amit Burman was chosen to lead Dabur Foods as the company made its initial entrance into the processed foods sector in 1999. However, Dabur Foods and Dabur India Ltd amalgamated in 2007, at which point he became vice chairman of Dabur India Ltd and in control of the business. He was given the title of chairman of Dabur India Ltd. in 2019.

Additionally, the company disclosed that Mohit Burman has been appointed as the non-executive chairman of the board of directors for the business for a term of five years by the board of directors. The hiring was effective as of August 11, 2022. Mohit Burman was the company’s non-executive vice chairman until his appointment.

Saket Burman has also been appointed by the board to serve as the non-executive vice-chairman of the company’s board of directors for a period of five years. On August 11, 2022, the appointment became effective.

According to the Bombay Stock Exchange (BSE), Dabur India reported a flat increase in consolidated net profit for the year over year to Rs 440 crore for the quarter ended June 30, 2022. Although the company’s effective tax rate for its consolidated operations decreased from 22.8% to 21.9%, rising costs for raw materials kept profits from expanding.

However, Q1 FY23 reported consolidated revenue from operations up 8.1% year over year to Rs 2,822 crore, with underlying volume growth in the India FMCG sector of 5%. The revenue growth in the June quarter, which was 10.3% on a constant currency basis, is up significantly from the same period last year, when it was 32%.

Dabur India Q3 result; profits up by 24%

Arnav Dogra — Fri, 29 Jan 2021 10:23:31 +0000

Dabur India today declared its Q3 results showing a great 24% rise in consolidated net profit at Rs 494 crore which was Rs 399 crore in the last financial year during the same quarter.

Overall capital received from operations was up by 16% to Rs 2,729 crore from Rs 2,353 crore in during Q3 FY20.

Dabur’s India FMCG Business reported a 19.5% surge, with an underlying FMCG Volume Growth of 18.1% during the Q3 results while its standalone revenue was up by 18.5% to Rs 2,071 crore and standalone net profit was also taken off by 21.1% to Rs 400 crore.

Mohit Malhotra, Chief Executive Officer of Dabur India, commenting on the stellar Q3 results said, “With the COVID fears receding and mobility improving, we have reported a stellar performance during the quarter with strong Revenue and Profit growth.”

“Riding on our strategic business transformation exercise aimed at developing aggressive growth engines in the core business areas, our domestic Healthcare vertical ended the quarter with a 28% growth. We are also witnessing a revival in discretionary spending by consumers, which helped the Home & Personal care business grow by 16%. Our International Business has also staged a smart recovery and reported a growth of 13.5% during the quarter.”

Dabur India Limited is one of India’s leading FMCG (Fast Moving Consumer Goods)Companies.

Dabur files complaint against Marico over purity claims, tags as false

Sarthak Yadav — Mon, 07 Dec 2020 09:05:44 +0000

On Sunday, FMCG giant Dabur filed a complaint with Advertising Standards Council of India (ASCI) against Marico over purity claims made by the rival’s honey brand.

Dabur on Sunday said it is filing a complaint against Marico before the Advertising Standards Council of India (ASCI) for claiming its Saffola Honey sample being passed through the NMR test. Dabur’s honey sample has failed the sugar adulteration test in an investigation led by the Center of Science and Environment (CSE) last week about which Dabur raised a dispute.

Nuclear Magnetic Resonance Spectroscopy (NMR) is a globally accepted test which CSE used to detect sugar syrups in honey.

“Dabur is filing a complaint in ASCI against Marico as their Saffola Honey sample from the market has failed the NMR test. Test reports clearly indicate the presence of sugar syrup in Saffola honey. Their claim on the NMR test is misleading the consumers,” a Dabur spokesperson said.

Dabur spokesperson added that as per a 03 December clarification issued by India’s food regulator the Food Safety & Standards Authority of India (FSSAI), the company’s honey brand has cleared FSSAI mandated tests, including specific test like the Specific Marker for Rice syrup test.

“Dabur has cleared all the above FSSAI-mandated tests, including SMR, besides voluntarily conducting NMR test periodically to ensure that our consumers get 100% Pure honey with no added sugar or syrups or any other adulterants,” the company spokesperson said.

However, Dabur’s claim was refuted by Marico contending that “Saffola Honey is also compliant with each of the quality parameters mandated by FSSAI.”

Earlier, Marico had filed a complaint before the ASCI on October 1, over Dabur’s claims of NMR of its honey and was upheld by the regulator. Marico filed an intra-industry complaint before ASCI, against ‘NMR TESTED PURE HONEY’ claim by Dabur for its product Dabur Honey. The claim ‘NMR tested’ was considered false and misleading by implication and omission and upheld under Chapter 1.4 of the ASCI Code, a Marico spokesperson stated.

The complaint has been admitted by ASCI and taken on record for further hearing, said Marico.

Without naming the brand, ASCI said it has received four complaints against honey brands over the past few months.

Three of these complaints were upheld as they contravened the ASCI code. The advertisers were unable to provide adequate substantiation for the claims they were making, and hence these advertisements were considered misleading, said Secretary-General Manisha Kapoor.

As per the ASCI process, the advertisers are required to modify their claims or withdraw the advertisements.

While, Dabur in its statement said that the recent clarification by the Food Safety & Standards Authority of India (FSSAI) has clearly reinforced that their 22 mandatory tests, including specific test like SMR, are the most stringent tests globally to detect all the potential adulterants and sugar in honey.

“Dabur has cleared all the above FSSAI-mandated tests, including SMR, besides voluntarily conducting NMR test periodically to ensure that our consumers get 100% pure honey with no added sugar/syrups or any other adulterants,” it said.

Recently several new players have entered into the growing domestic honey market after pandemic as people are now focusing on wellness products post-pandemic.

According to Expert Market Research, the Indian honey market reached a value of about ₹1,729 crore in 2019. The market is further expected to grow at a CAGR of about 10% between 2020 and 2025 to reach a value of nearly ₹30.6 billion by 2025, the report suggests.