India's Dabur falls as six brokerages cut target price after results

Dabur India

30/07/2026 05:45

** Shares of Indian FMCG co Dabur DABU.NS fall as much as 4.2% to 415.55 rupees, biggest pct drop since June 1, 2026; last down 3.5%
** At least six brokerages cut target price after co reported Q1 results on Wednesday
** EBITDA margins remained flat y/y, despite profit up 15% and rev from ops up 11%
** Ambit Capital ("sell", PT 461 rupees) says Dabur's three core categories face either structural or competitive pressure; raw material costs likely to pressure margins further
** Systematix ("buy", PT 510 rupees) says Q1 marked first instance of double-digit rev growth in 12 quarters; rev growth acceleration in future qtrs largely to be driven by pricing hikes
** DABU on avg rated "hold" by 37 analysts; median PT is 523 rupees - LSEG-compiled data
** Stock down 16.9% YTD
     

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))