Dabur India - Intent To Grow Faster Is Commendable; Fair Valuation Limits Upside: Nirmal Bang

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Key PointsDabur India Ltd. has ambitious growth plans for each segment (including International business; 25% of sales), with significant brand adjacencies and platform adjacencies. Particularly interesting for us are the growth plans in the healthcare segment (~24% salience) under the new business head, who joined earlier this year and has had an extremely successful track record for category creation in Himalaya. Growth in this segment is also important for Dabur because it is more profitable than the rest of its portfolio. Management however pointed out that despite the target of doubling sales growth in this segment over five years, there would not be much of a change in its target of high single-digit sales growth for this segment in the next 12-18 months as initiatives towards category development will take time to kick in. While we appreciate the intent to grow rapidly in each segment, we are also worried about its entry into several platform as well as brand adjacencies where right to win is unclear..Click on the attachment to read the full report:.Dabur India - Poised For Strong Earnings Growth Over Medium Term: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dabur India - Intent To Grow Faster Is Commendable; Fair Valuation Limits Upside: Nirmal Bang

Dabur India has ambitious growth plans for each segment with significant brand adjacencies and platform adjacencies.

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Dabur India - Intent To Grow Faster Is Commendable; Fair Valuation Limits Upside: Nirmal Bang

Dabur India has ambitious growth plans for each segment with significant brand adjacencies and platform adjacencies.

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