UBS upgrades Dabur India on improving domestic demand, cuts PT

Dabur India

16/04/2026 06:14

** Shares of Dabur India DABU.NS rise as much as 1.8% to 441.40 rupees

** UBS upgrades stock to "neutral" from "sell", but cut its PT to 490 rupees from 540 rupees

** Brokerage notes Dabur has lagged peers, with the stock down about 20% over the past five years amid weak execution in international businesses

** Says Q4 data showing an uptick in domestic demand, though high-single-digit growth is unlikely without further acceleration

** It adds that international operations remain a drag, with recovery expected to be gradual and earnings growth driven mainly by domestic performance

** For FY27, UBS sees consolidated revenue and EBITDA to grow by 8.3% and 11.1%, respectively

** Thirty-seven analysts have a "hold" rating on avg; median PT is 527 rupees - LSEG data

** YTD, DABU down 13%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))