275% Dividend: FMCG Stock To Buy In June, TP Upgraded To Rs 700: Emkay Global

Leading brokerage firm Emkay Global appears upbeat on FMCG major Dabur India Ltd share and recommended buy call. The analysts at Emkay upgraded the target price to Rs 700 as the management is optimistic about consumption revival. Current market price of Dabur India share on BSE is Rs 608.60 per share with intraday fall of 0.16% as on June 14, 2024. Dabur India shares marginally by 0.65% in last 1-week and gave return of 15% in last 3-months. Dabur India recommended final dividend of Rs 2.75 per share of the face value of Re 1/- each for FY 2023-24.

Record date for dividend is yet to be issued. Promoters have increased holdings from 66.24% to 66.25% in March 2024 quarter. Number of FII/FPI investors increased from 791 to 802 in March 2024 quarter. Mutual Funds have increased holdings from 5.61% to 5.98% in March 2024 quarter.

Emkay Global On Dabur India: According to the brokerage firm, "Dabur has been our preferred consumption pick, given its relatively higher share of rural, diversified portfolios and its sustained thrust on NPDs."

LIC Stake In Dabur India: Life Insurance Corporation Of India (LIC) has 3.53% stake in Dabur India as the PSU insurer has 62,625,518 shares of the company.

Dabur India Share Performance: The 52-week high price of Dabur India share is Rs 634.00 per share (as on 05/06/2024) and 52-week low price is Rs 489.00 (as on 16/04/2024), respectively. Dabur India's market capitalisation stood at Rs 1,07,862.87 crore. Dabur India has a PE of 71.46 and ROE of 21.82. Dabur India shares zoomed more than 11% in last 2-weeks, gained more than 11% in last 6-months, offered return of 8.27% in last 1-year, and rallied 52% in last 5-years.

Dabur India Financials: Earlier this year on May 2, Dabur India announced its whole year 2023-24 consolidated revenue crossed Rs Rs 12,000 mark to end the year at Rs 1204 crore. It marks a 7.6% rise over the previous year's Rs 11,530 crore. The full year consolidated revenue growth stood at 10.1% on a constant currency basis.

Meanwhile, consolidated net profit for 2023-24 reported a jump of 7.9% to Rs 1843 crore as against Rs 1707 crore an year ago. Dabur quarterly net profit surged 16.2% to Rs 350 Crore, up from Rs 301 crore a year earlier. Q4 Consolidated Net Profit, on a like-to-like basis, reported a 22.7%, Consolidated Revenue for the quarter registered a 7.3% jump on Constant Currency basis. Revenue stood at Rs 2,815 crore, up 5,1% on INR basis from 2,678 Crore a year earlier.

Dabur India Dividend History: The company declared 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 608.60 per share, it offers a dividend yield of 0.90%.

Dabur India Bonus Share History: The FMCG major declared a total of 3 bonus issues since January 19, 2006. Dabur's last bonus share was announced in the proportion of 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. It last sub-divided face value of its shares from Rs 10 to Re 1 in 2000. The share traded ex-split on November 27, 2000.

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 Emkay Global. 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.