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This Article is From Nov 03, 2021

Dabur - Aggression At Its Best; Gaining Shares In An Expanded Opportunity: ICICI Securities

Dabur - Aggression At Its Best; Gaining Shares In An Expanded Opportunity: ICICI Securities
A range of Dabur India Ltd. products is displayed at the company’s head office in Ghaziabad, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

We are longstanding believers in Mohit Malhotra-led reimagining of Dabur India Ltd.

Q2 performance has surprised positively with two-year revenue compound annual growth rate print of 12.9% (highest in seven plus years) and domestic volume growth of 10%.

Importantly, it achieved outperformance across the portfolio. It does not matter whether Dabur is a leader or a challenger in a category, its gaining share in most of them.

Furthermore, the focus seems back on the power brands after a brief deviation last year (peak of crisis) – commendable (given consensus was worried), in our opinion.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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