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RE: LeoThread 2024-05-04 23:49

in LeoFinance • 6 months ago

🧵 1. Dabur shares rise by 2% post strong Q4 earnings announcement. Profit up 16% YoY. Sales volume surge and price hike cited as factors driving growth. #business

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🧵 2. Dabur's consolidated net profit for Mar 2024 quarter hits Rs 341.22 crore, a 16.5% increase YoY. Revenue climbs 5.11% to Rs 2,814.64 crore.

🧵 3. Following share buyback approval and Q4 results, Dabur forecasts 8% rural sales growth for FY25. Expectations high for oral care and home care segments.

🧵 4. Brokerages maintain 'Buy' rating for Dabur, set target price at Rs 650. Strong rural growth and stable margins boost investor confidence in the company.

🧵 5. Prabhudas Lilladher maintains 'Accumulate' rating for Dabur, raises target price to Rs 563. Revised EPS estimates project 12.8% CAGR for FY24-26.