{"id":23949,"date":"2022-06-16T12:03:02","date_gmt":"2022-06-16T06:33:02","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=23949"},"modified":"2022-06-16T12:23:24","modified_gmt":"2022-06-16T06:53:24","slug":"alpha-dabur-india-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949","title":{"rendered":"Alpha | Dabur India Ltd. &#8211; Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/FI_Alpha-DaburIndiaLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"987\" height=\"616\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-3.png\" alt=\"\" class=\"wp-image-23950\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-3.png 987w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-3-300x187.png 300w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-3-768x479.png 768w\" sizes=\"(max-width: 987px) 100vw, 987px\" \/><\/a><\/figure>\n\n\n\n<h2><strong>Dabur India Ltd. \u2013 An Ayurvedic FMCG Company<\/strong><\/h2>\n\n\n\n<ul><li>Dabur was established by Dr. S K Burman in 1884 in Kolkata. Incorporated in 1936, the company operates in key consumer product categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care, and Foods. <\/li><li>It is one of the biggest FMCG companies with a presence in Ayurveda-based products across categories. <\/li><li>It marries age-old traditional wisdom with modern-day science to develop products for consumers across generations and geographies. <\/li><li>It has over 18 brands and sales of over Rs.100 Crs each. <\/li><li>It offers products in over 100 countries across the globe and has manufacturing facilities at 21 locations\u201413 in India and one each in the UAE, South Africa, Sri Lanka, Egypt, Turkey, Nigeria, Nepal, and Bangladesh.&nbsp;<\/li><\/ul>\n\n\n\n<h2><strong>Valuation :<\/strong><\/h2>\n\n\n\n<p>Management\u2019s focused approach on scaling up power brands through extension\/variants, deeper distribution, and strong management bandwidth drives confidence in the sustainability of the company\u2019s growth. However, near-term growth challenges and margins pressure remains. At CMP, the stock trades at 40x FY24E EPS. We recommend a BUY rating in the stock with the target price (TP) of Rs.585, 47x FY24E EPS.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/FI_Alpha-DaburIndiaLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"534\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png\" alt=\"\" class=\"wp-image-23892\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report.png 534w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/button_click-here-for-the-research-report-300x37.png 300w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dabur India Ltd. \u2013 An Ayurvedic FMCG Company Dabur was established by Dr. S K Burman in 1884 in Kolkata. Incorporated in 1936, the company operates in key consumer product categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care, and Foods. It is one of the biggest FMCG companies with a presence [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":23950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,552,108,746,517,745],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Dabur India Ltd. - Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Dabur India Ltd. - Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Dabur India Ltd. \u2013 An Ayurvedic FMCG Company Dabur was established by Dr. S K Burman in 1884 in Kolkata. Incorporated in 1936, the company operates in key consumer product categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care, and Foods. It is one of the biggest FMCG companies with a presence [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-16T06:33:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-16T06:53:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"987\" \/>\n\t<meta property=\"og:image:height\" content=\"616\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-3.png\",\"contentUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/06\/Alpha-June-08-Blog-Banner-3.png\",\"width\":987,\"height\":616},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949#webpage\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949\",\"name\":\"Alpha | Dabur India Ltd. - Equity Research Desk\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949#primaryimage\"},\"datePublished\":\"2022-06-16T06:33:02+00:00\",\"dateModified\":\"2022-06-16T06:53:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-dabur-india-ltd-equity-research-desk\/23949#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alpha | Dabur India Ltd. &#8211; 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