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IDBI Capital Report
Dabur India Ltd.'s Q2 FY21 result was above our estimates. Consolidated revenue growth recovered to high double digit after two consecutive quarter of decline.
Health supplement portfolio delivered astronomical 71%YoY revenue growth driven by two times sales of Chyawanprash.
In home and personal care; oral care, hygiene and shampoo portfolio revenue grew at 18-38% rate while revenue from Odomos, Odonil and Hair Oil portfolio declined six to 10%.
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