Dabur – Edelweiss Stock Tips
by admin on September 21, 2009
Company: Dabur
Broking House: Edelweiss
Current Price: Rs 134.05
FMCG major Dabur’s focus launching new products will help it maintain strong growth momentum. Its four new products — Total protect, Vatika almond enriched hair oil, Real Burrst and UVEDA— are in various stages of rollouts. The company is also confident on sustained growth momentum in rural demand, which constitutes 20 per cent of its total sales. It has diversified raw material base and will reap the benefits of benign input costs scenario in terms of achieving better margins. Its international business is expected to rise by 25 per cent. The losses in the retail business are expected to come down to Rs 12 crore as against Rs 17.8 crore in FY09. The stock is trading at 19.9x FY11E EPS.
Company: Dabur
Broking House: Edelweiss
Current Price: Rs 134.05
FMCG major Dabur’s focus launching new products will help it maintain strong growth momentum. Its four new products — Total protect, Vatika almond enriched hair oil, Real Burrst and UVEDA— are in various stages of rollouts. The company is also confident on sustained growth momentum in rural demand, which constitutes 20 per cent of its total sales. It has diversified raw material base and will reap the benefits of benign input costs scenario in terms of achieving better margins. Its international business is expected to rise by 25 per cent. The losses in the retail business are expected to come down to Rs 12 crore as against Rs 17.8 crore in FY09. The stock is trading at 19.9x FY11E EPS.
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Real Burrst,
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