External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<p>DABUR reported a stellar performance in Q2FY22 beating our and street estimates on all fronts. Consolidated Revenue at Rs. 2,818 Cr grew 12% yoy (Rs. 2,642cr our est) driven by a strong 12% growth in India FMCG growth owing to a 10% volume growth (implies 15%/13% value/volume growth on 2yr CAGR basis).</p><p>Maintain BUY with revised TP of Rs. 680 (Rs. 590 earlier) and roll forward our PE multiple of 49x to Sep23 earnings.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

DABUR reported a stellar performance in Q2FY22 beating our and street estimates on all fronts. Consolidated Revenue at Rs. 2,818 Cr grew 12% yoy (Rs. 2,642cr our est) driven by a strong 12% growth in India FMCG growth owing to a 10% volume growth (implies 15%/13% value/volume growth on 2yr CAGR basis).Maintain BUY with revised TP of Rs. 680 (Rs. 590 earlier) and roll forward our PE multiple of 49x to Sep23 earnings.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dabur India: Broad Based Growth Led By Impressive Execution

Dabur India Ltd

Dabur India: Broad Based Growth Led By Impressive Execution