Dabur Q2 Review - Accumulate In Rural Demand Uncertainty: Prabhudas Lilladher

Dabur Q2 Review - Accumulate In Rural Demand Uncertainty: Prabhudas Lilladher

Dabur India range of products. (Source: Company website)

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.

Prabhudas Lilladher Report

We are optimistic on Dabur India Ltd. following strong market share gains in core categories, sustained increase in direct rural reach, lesser impact of input cost inflation due to niche products and sustained innovation pipeline.

Although rural demand is a bit soft, we expect it to be temporary given good monsoons and increased rural job opportunities in infra and housing.

Management maintains double digit revenue growth for FY22 and believe Dabur is well placed to gain share across key segments despite increasing competition.

We believe entry into large and high growth segments like Odomos Liquid Vaporizers, Vatika Face wash and Aloe Vera Gel can accelerate growth.

We believe Dabur Vita (Malted food drink) marks entry into large but highly competitive category where their earlier launch (Chawyan Junior) had flopped in 2007-08.

Click on the attachment to read the full report:

Prabhudas Lilladher Dabur India Q2FY22 Result Update.pdf
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