Dabur share price gains as brokerages maintain bullish view after Q4 results; Should you buy the stock?

livemint.com:

₹537.50 apiece on the BSE. Dabur India posted a consolidated net profit of ₹341.22 crore for the quarter ended March 2024, recording a growth of 16.5% from ₹292.76 crore in the year-ago quarter. The FMCG major’s revenue Q4FY24 rose 5.11% to ₹2,814.64 crore from ₹2,677.80 crore, YoY.

Dabur has given a cautiously optimistic outlook for FY25 led by 8% growth in rural sales, strong performance across oral care, Home care with market share gain across categories and innovations and distribution led gains. The company expects volume/realization growth to enable high single-digit to low double-digit sales growth with calibrated margin expansion. Read here: Dabur sees early signs of rural recovery, enters talcum powder market Brokerages maintained their bullish view on Dabur India led by sustained market share growth, rural recovery, growth in beverages business, initiatives around distribution, new launches, and marketing spend.

Here’s what brokerages have to say about Dabur Q4 results and Dabur share price: Prabhudas Lilladher believes harsh summer will provide tailwind to Dabur’s juices, drinks, Glucon-D products while normal monsoons will boost rural demand and tame inflation. It expects sustained innovation, premiumisation and launches in core segments like Healthcare, oral care & HPC will help sustain double-digit growth. The brokerage firm increases its FY25 and FY26 earnings per share (EPS) estimates by 1.4% and 1.8% and estimates 12.8% EPS CAGR over FY24-26.