Dabur India to expand gross margin with price hikes, but won’t hit recent highs, says CEOMoneycontrol • 1 day ago
The management guided a mid-to-high single-digit volume growth going ahead. The company has also budgeted a 3 percent price increase, limited to a few parts of the portfolio.
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Dabur's masala portfolio consisting of the Badshah brand has not been banned anywhere, the management said.
Dabur India on May 2 reported consolidated net profit of Rs 341 crore in the March quarter, registering a growth of 16.5 percent
Banking, FMCG and speciality chemicals are Ashika Global Family Office Services co-founder Amit Jain’s picks if the market takes a tumble.
Higher prices of raw materials such as crude oil, palm oil, and lactic acid bacteria (used in dairy products) quarter-on-quarter and year-on-year present a challenge to consensus margin estimates, BNP Paribas said.
Being passionate about derivative after a decade of struggle, Shilpa Rout, Derivative Lead Analyst and AVP – Research at Prabhudas Lilladher, suggests taking Bull Call spread on Nifty monthly expiry with buying 22,500 CE buy and selling 23,100 CE.
Later in the month of March temperatures are projected to surpass normal ranges with northeastern peninsular India, including Telangana, Andhra Pradesh, and north interior Karnataka, along with several regions of Maharashtra and Odisha anticipated to experience more frequent heatwaves than usual.
In Q3, FIIs reduced their stake in Hindustan Unilever to 13.65 percent from the previous quarter's 13.90 percent. Their stake in ITC dropped to 43.26 percent from 43.34 percent, as per the latest shareholding pattern data from exchanges
Motilal Oswal is bullish on Dabur recommended buy rating on the stock with a target price of Rs 635 in its research report dated January 31, 2024.
Prabhudas Lilladher recommended accumulate rating on Dabur India with a target price of Rs 600 in its research report dated February 01, 2024.