Nirmal Bang: Dabur India’s Strong Sales Performance; Aggressive Ad Spends To Continue
Dabur India Ltd. range of products. (Source: Company website)

Nirmal Bang: Dabur India’s Strong Sales Performance; Aggressive Ad Spends To Continue

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.

Nirmal Bang Report

Dabur India Ltd.’s Q2 FY21 consolidated revenue grew by 13.7% YoY to Rs 25.16 billion (versus our estimate 6.9% growth to Rs 23.6 billion).

In domestic fast moving consumer goods business, healthcare grew by 49.3% YoY, home and personal care grew by 9.1% YoY while foods declined by 3.8% YoY (excluding-enterprise, growth of 8.5% YoY).

International business grew by 5.5% YoY (constant currency growth of 3.5%; contributing 26% to overall sales during the quarter versus 28.2% in the base quarter).

Click on the attachment to read the full report:

Nirmal Bang Dabur India Q2FY21 Result Update - 4 November 2020.pdf

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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.