BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Dabur India Ltd.'s Q1 FY21 revenues came in line, while Ebitda and adjusted profit after tax missed our estimate.
Domestic FMCG volumes declined by 9.7% YoY. Though sales were significantly down in the beginning of the quarter, most of the categories witnessed gradual recovery by the end of June.
Healthcare contribution grew from 27% in Q1 FY20 to 38% in Q1 FY21 led by 7 times growth in Chyawanprash and 60% growth in Honey—indicates change in consumer preferences.
We believe that the healthcare category would continue to grow faster post Covid-19 with new launches.
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