Dabur India Ltd.’s shares reached a new all-time high, positioning it in the exclusive group of companies with a market capitalization of Rs. 1 trillion ($ 13.33 billion).
On May 7, India’s largest home grown consumer company will announce its March quarter earnings. It is expected to report good earnings. Analysts say that growth trends in health supplements, over-the-counter and ethical products, oral care, and juices will be important to watch. Dabur saw a significant increase in retail off take thanks to good momentum in foods, beverages, and oral care.
JP Morgan, in line with the past three-year average multiple, has extended its target price time frame (PT) to March 2022, with a new PT of Rs. 600 (US$ 8), based on a 48x one-year forward P/E multiple.
