A recent stock correction has brought valuations to reasonable levels. Analysts seemed positive on the stock.
The demand environment is unchanged compared to Q2FY25.
Rural demand is slowly recovering, but urban demand is subdued.
Dabur made inventory corrections at the end of Q2FY25 to improve distributor return on investment (ROI), which had a significant impact on primary sales performance in Q2 (domestic revenue down 8 per cent).
The management expects gross margins to improve gradually. Its operating margin was 20 per cent pre-Covid but contracted in FY24 due to high raw material costs and increased brand investments.
Given a 2 per cent price hike, the company is confident about sustaining earnings before interest, taxes, depreciation and amortisation (Ebitda) margins at 19-20 per cent.
The portfolio of Chyawanprash, Honey, Honitus, and Lal Tail has seen modest growth due to the delayed winter.
The winter portfolio usually has 30-35 per cent revenue contribution in Q3 and an estimated 15 per cent contribution in FY25.
Primary revenue growth has normalised from October, with a price hike.
Denne historien er fra December 17, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 17, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
NTA to be restructured, will only focus on higher edu entrance exams
The NTA will not conduct any recruitment exams from 2025, instead will only focus on higher education entrance tests, Union Education Minister Dharmendra Pradhan announced on Tuesday.
Digital scams: NPCI lists 'tricks' to watch out for
With incidents of online frauds, including 'digital arrests' on the rise, the National Payments Corporation of India (NPCI) that oversees India's retail payment systems has issued an advisory outlining steps to protect users against such scams.
Data breach, regulatory uncertainty hurdles in AI implementation: Deloitte
As Indian companies implement artificial intelligence (AI) in systems and processes, cyberattacks, data breaches and regulatory uncertainty about the new technology have become a concern, according to a survey.
Four of 10 in rural, semi-urban India prefer UPI: Report
Only about four out of ten users in rural and semi-urban India have the country's real-time payments system, Unified Payments Interface (UPI), as a preferred mode of transaction, with about two only preferring cash, according to a joint report by EY and CII.
IBA seeks training sessions by CBI to tackle bank fraud
The Indian Banking Association (IBA) has suggested to the finance ministry to direct public sector banks (PSBs) to organise regular training sessions by the Central Bureau of Investigation (CBI) for bankers to enhance vigilance and prevent fraud.
BITTER CHILL PILL
LNG, or chilled natural gas, is a $29 billion opportunity. So, what is keeping the sales low?
Assess employment growth prospects, infra before investing
The weighted average price of newly launched projects in the top 30 Tier-II cities surged by up to 65 percent between December 2023 and October 2024, according to a recent report by PropEquity.
Booster dose for Piramal Pharma on growth hopes
JM Financial initiates coverage on the stock with a 'buy' rating
LARGECAP CUTOFF LIKELY TO TOUCH ₹1 TRILLION
The market capitalisation (mcap) cutoff to qualify for mutual funds' (MFs') largecap universe is likely to go up for the fifth consecutive time to touch the ₹1 trillion mark for the first time.
Oberoi Realty: On a strong growth foundation
Oberoi Realty is a Mumbai-focused real estate player across residential, retail, hospitality, and social infrastructure.
