Dabur Q1 Update Splits Street: Nomura, BofA Turn Bullish; Citi, Morgan Stanley Stay Cautious
Dabur's Q1 business update points to double-digit revenue growth, recovery in beverages and healthcare, and high-teen international growth under new CEO Herjit Bhalla. Nomura (TP Rs 600) and BofA turned constructive, while Citi and Morgan Stanley (TP Rs 425) flagged doubts on growth sustainability.
Dabur's Q1 business update signals double-digit revenue growth, beverages/healthcare recovery and strong international performance. Nomura and BofA turned constructive citing new CEO Herjit Bhalla, while Citi and Morgan Stanley stayed cautious on growth sustainability.
Why this matters
Follows Dabur's Q1 FY27 guidance for double-digit revenue growth on rural and international strength, and a strong Q4 with PAT up 15% to Rs 369 crore amid its Africa push.
Retail-company signals are accelerating, up 579500% QoQ.