External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

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<ul><li>Dabur India (DABUR), in its 2QFY25 preview update, highlighted the impact of heavy rains and floods in parts of the country on out-of-home consumption, particularly for beverages.</li><li>Besides, the company experienced higher growth in MT, E-commerce, and Quick Commerce during the last few quarters, resulting in high inventory levels for its GT channel.</li><li>This affected the distributor ROI, and the company made the strategic decision to correct distributor inventory in the GT channel.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur India (DABUR), in its 2QFY25 preview update, highlighted the impact of heavy rains and floods in parts of the country on out-of-home consumption, particularly for beverages.Besides, the company experienced higher growth in MT, E-commerce, and Quick Commerce during the last few quarters, resulting in high inventory levels for its GT channel.This affected the distributor ROI, and the company made the strategic decision to correct distributor inventory in the GT channel.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur India - Bleak 2Q Does Not Necessitate a Weak Outlook

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Dabur’s 1QFY25 results were in line with the preview update</li><li>Domestic volume growth, although on an improving trend, was below our estimates of 6%</li><li>Rural continues to grow faster than urban areas on the back of company-specific initiatives such as expanding the distribution network, launching affordable price point packs and the increased acceptance of Ayurveda</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur’s 1QFY25 results were in line with the preview updateDomestic volume growth, although on an improving trend, was below our estimates of 6%Rural continues to grow faster than urban areas on the back of company-specific initiatives such as expanding the distribution network, launching affordable price point packs and the increased acceptance of AyurvedaContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur (1QFY25 Results Review): On Par Performance. Maintain ADD

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The company’s consolidated revenue grew by 7% YoY to Rs 3,349 Cr with India business volume growing by 5.2%, led by recovery in rural markets, stable performance across the portfolio, distribution expansion and market share gains.</li><li>The company’s international business grew by 18.4% YoY (in cc terms).</li><li>The management highlighted with the normal monsoons it expects further recovery in the coming quarters. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The company’s consolidated revenue grew by 7% YoY to Rs 3,349 Cr with India business volume growing by 5.2%, led by recovery in rural markets, stable performance across the portfolio, distribution expansion and market share gains.The company’s international business grew by 18.4% YoY (in cc terms).The management highlighted with the normal monsoons it expects further recovery in the coming quarters. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur India  - Rural Is Seeing Sustained Sign of Recovery; Maintain BUY

External broker reports(aggregated public sources), Sharekhan

Sharekhan

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Dabur India (Dabur) to post mid to high single-digit revenue growth in Q1FY2025 with domestic volume growth of mid-single digits.</li><li>Gross margins and OPM to remain high y-o-y; operating profit to grow marginally ahead of revenue growth.</li><li>We expect Revenue/PAT to grow by 6%/7% y-o-y respectively in Q1. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur India (Dabur) to post mid to high single-digit revenue growth in Q1FY2025 with domestic volume growth of mid-single digits.Gross margins and OPM to remain high y-o-y; operating profit to grow marginally ahead of revenue growth.We expect Revenue/PAT to grow by 6%/7% y-o-y respectively in Q1. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur India Ltd - Good Q1 Update; Volume Growth Trend to Improve

External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>India Dabur remains one of our preferred picks in the Consumer Goods sector, given its diversified portfolio and better execution.</li><li>The company’s thrust on rural remains firm, with distribution expansion continuing to see better growth.</li><li>Dabur, per its strategy, has been expanding TAM across brands with category extensions that are backed well by distribution and marketing. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India Dabur remains one of our preferred picks in the Consumer Goods sector, given its diversified portfolio and better execution.The company’s thrust on rural remains firm, with distribution expansion continuing to see better growth.Dabur, per its strategy, has been expanding TAM across brands with category extensions that are backed well by distribution and marketing. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur India - Muted Q1FY25 Commentary; Rural Recovery Positive

India

Dabur India Limited is a leading Indian multinational consumer goods company specializing in Ayurvedic and natural healthcare products. The company operates in key consumer product categories, including healthcare, hair care, oral care, skin care, home care, and food and beverages, offering over 250 herbal and Ayurvedic products. Dabur was founded in 1884 by S. K. Burman in Kolkata, India, and is currently headquartered in Ghaziabad, Uttar Pradesh, India.

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Dabur (DABUR IN)

Dabur India - Bleak 2Q Does Not Necessitate a Weak Outlook

Dabur India (DABUR), in its 2QFY25 preview update, highlighted the impact of heavy rains and floods in parts of the country on out-of-home...

Motilal Oswal

Dabur (1QFY25 Results Review): On Par Performance. Maintain ADD

Dabur’s 1QFY25 results were in line with the preview update. Domestic volume growth, although on an improving trend, was below our estimates of 6%

HDFC Securities

Dabur India - Rural Is Seeing Sustained Sign of Recovery; Maintain BUY

The company’s consolidated revenue grew by 7% YoY to Rs 3,349 Cr with India business volume growing by 5.2%, led by recovery in rural markets

Axis Direct

Dabur India Ltd - Good Q1 Update; Volume Growth Trend to Improve

Dabur India (Dabur) to post mid to high single-digit revenue growth in Q1FY2025 with domestic volume growth of mid-single digits.

Sharekhan

Dabur India - Muted Q1FY25 Commentary; Rural Recovery Positive

India Dabur remains one of our preferred picks in the Consumer Goods sector, given its diversified portfolio and better execution.

Emkay

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