Dividend: FMCG Major Sets Nov 8 Record Date, Buy On 12.7% Correction, TP Rs 700: Motilal Oswal

Large cap FMCG major Dabur India Ltd shares today zoomed 0.97% to Rs 576.50 per share on BSE. The company today fixed November 8, 2024 as the record date for interim dividend for financial year 2024-25, if declared. The Board of Directors will hold meeting on October 30, 2024 to consider financial results and interim dividend. The company has a market capitalisation of Rs 1,02,173.75 crore.

Dabur India shares witnessed decline of 12.75% in last 1-month and gained over 14% in last 6-months. LIC stake in Dabur India surged from 3.53% (March quarter) to 3.71% in June 2024 quarter. Check details below:

Dabur India Sets Record Date For Interim Dividend: As per the exchange filing of Dabur India dated October 16, 2024, "we wish to inform you that the Company has fixed Friday, November 8, 2024 as record date for the purpose of ascertaining the name of Members/Beneficial Owners entitled to receive the Interim Dividend on equity shares for the Financial Year 2024-25, if declared by the Board of Directors at its meeting scheduled to be held on October 30, 2024."

Dabur India To Mull Quarterly Results, Interim Dividend On Oct 30: As per the exchange filing of Dabur India dated September 24, 2024, "Pursuant to provisions of Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 30th October 2024 to inter alia, consider and approve the unaudited financial results for the quarter/half year ending on 30th September 2024 and to consider declaration of interim dividend on the equity shares of the Company for the Financial Year 2024-25."

Dabur India Shares Performance: The 52-week high price of Dabur India shares on BSE is Rs 672.00 per share (as on 17/09/2024) and 52-week low price is Rs 489.00 per share (as on 16/04/2024), respectively. Dabur India shares plunged 9.97% in last 3-months, gained over 3% so far in 2024, rose more than 7% in last 1-year, and jumped 27% in last 5-years.

Dabur India Dividend History: The company declared 49 dividends since May 23, 2001. In last 12 months, Dabur India announced an equity dividend of Rs 5.50per share. At the current share price of Rs 576.50 per share, it offers a dividend yield of 0.95%.

Dabur India Shareholding: FII/FPI have decreased holdings from 15.82% to 14.99% in Jun 2024 qtr. Number of FII/FPI investors increased from 802 to 807 in Jun 2024 qtr. Mutual Funds have increased holdings from 5.98% to 6.25% in Jun 2024 qtr. Number of MF schemes decreased from 30 to 29 in Jun 2024 qtr. Institutional Investors have increased holdings from 28.39% to 28.55% in Jun 2024 qtr, according to Trendlyne.

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.

LIC Stake In Dabur India: Life Insurance Corporation Of India (LIC) has 3.71% stake in Dabur India as the PSU insurer has 65,828,461 shares of the company as of June quarter.

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.

Should You Buy Dabur Shares On Corrections? According to Motilal Oswal, "the company has already indicated that primary growth will return to normal from October. With external drivers remaining consistent, we view the recent stock price correction as an opportunity to be constructive on the stock. DABUR is at 16%, 14%, 9%, and 19% discount to HUL, Britannia, Marico, and Colgate, respectively, on FY26E P/E. Once the company's growth trajectory improves, we expect a re-rating potential in the stock. We reiterate a BUY rating on the stock with a TP of INR700 (at 50x P/E on Sep'26)."

According to A R Ramachandran, Independent SEBI Research Analyst, "Dabur is slightly bullish on the Daily charts with strong support at 563. A Daily close above resistance of 581 could lead to a target of 619 in the near term."

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 Motilal Oswal and A R Ramachandran. 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.