3 Bonus Issues, 1:10 Split: FMCG Dabur India Likely To Report Profit, Shares In Green

Large cap FMCG company, Dabur India Ltd is likely to declare net profit in the range of 315 to 320 crore for the March 2024 quarter as per various analysts tracking the company. The company declared its net profit at Rs 293 crore in the year ago period amid robust growth in the domestic business. PAT for Q4 FY2024 of Dabur India is expected to remain in the range of 315 to 340 crore. Meanwhile, revenue from operations likely to surge by more than 5%. Meanwhile, Dabur India Ltd shares are trading in green ahead of the results. Current market price of Dabur India share on BSE is Rs 509.40 per share with intraday gain of 0.36%. Dabur India shares slipped over 5% in last 1-year and gained 33% in last 3-years. More details below:

According to brokerage firm HDFC Securities, adjusted PAT is expected to be at Rs 340 crore, likely to be up by 6.8% YoY albeit with a 36% QoQ fall. The net sales is expected to be around Rs 2,830 crore, up 5.5% YoY and down by 13.2% QoQ. It has modeled 10% YoY growth in domestic revenue with 8% YoY volume growth.

The hair care, oral care, healthcare, home care, foods are likely to rise by 4/9/1/5/2% YoY. Including Badshah Masala, the Foods segment growth is seen to be around 25%. The brokerage firm feels international business may rise by 6% YoY.

Estimated EBITDA for January-March quarter is Rs 440 crore, up 6.8% YoY while down 34.4% QoQ. However, EBITDA margin for the said quarter is likely to be at 15.5%, up by 19 bps over Q4FY23 and down by 502 bps over Q3FY24. The gross margin is expected at 47% expansion which will be an expansion of 160 bps YoY.

Meanwhile, Sharekhan estimates the PAT at Rs 318 crore, up 8.6% as against the corresponding period of the last financial year. Revenue is likely to be estimated at Rs 2,824 crore, up 5.5% YoY. The revenue growth will be on account of 8% Y-o-Y growth in the domestic business and 4% Y-o-Y growth in the international business.

Axis Securities feels that Dabur is likely to declared its net profit at Rs 341 crore for the March 2024 quarter, up 13.3% YoY but down 34% QoQ. The revenue from operations for the quarter under review is expected to be at Rs 2,838 crore which will likely be up 6% YoY but down 13% QoQ. EBITDA for quarter under review likely to remain at Rs 452 crore, down 32.4% in Q3FY24 and up by 10.2% in Q4FY23.

Dabur India Dividend History: The company announced 48 dividends since May 23, 2001. In last 12 months, Dabur India announced an equity dividend of Rs 5.45 per share. At the current share price of Rs 508.40 per share, it offers a dividend yield of 1.07%.

Dabur India Bonus Share History: Dabur India announced 3 bonus issues since January 19, 2006. Its last bonus share was declared in the ratio 1:1 with ex-date fixed as September 8, 2010.

Dabur India Stock Split History: Dabur India split the face value of its shares once since November 27, 2000. Dabur India last split face value of its shares from Rs 10 to Re 1 in 2000. The share traded ex-split on November 27, 2000.

Dabur India Stock Performance & Return: The 52-week high price of Dabur India share is Rs 596. 90 per share (as on 06/07/2023) and 52-week low price is Rs 489.00 (as on 16/04/2024), respectively. Dabur India has a market capitalisation of Rs 90,161.35 crore. Dabur India has a PE of 61.77 and EPS (TTM) of 8.23. Dabur India shares soared over 1% in last 2-weeks, declined 4% in last 6-months, and gave return of 33% in last 3-years. In last 10-years, Dabur India stock soared 183%.

Dabur India About: Dabur India Limited is a leading Indian consumer goods company with interests in hair care, oral care, health care, skin care, home care and food & beverages. Dabur India Ltd. is one of India's leading FMCG Companies with Revenues of over Rs. 11,530 Crores & Market Capitalization of over Rs. 96,500 Crore. Building on a legacy of quality and experience of over 139 years, Dabur is today India's most trusted name and the world's largest Ayurvedic and Natural Health Care Company, according to its official website.

Disclaimer:

The stock has been picked from the brokerage report of Sharekhan, Axis Securities, and HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.