Dabur India Scouting For Investment Opportunities, Shares Gain

Leading FMCG company Dabur India, armed with a cash reserve of Rs 7,000 crore, is scouting for acquisition opportunities in healthcare and home & personal care segments, according to its CEO Mohit Malhotra.
According to a report published in PTI, besides, Dabur is looking for acquisition opportunities in the online space, and with several D2C (Direct to Consumer) brands operating in it, it finds the valuation 'more reasonable' now and will pursue it if it finds a suitable one for growth, he said.

The company is scaling its presence in the online space, which includes e-commerce channels and D2C business, where it plans to introduce more innovations under existing brands and through inorganic opportunities, added the PTI report.

'We are introducing innovations there. Those innovations are coming on the back of existing brands and these innovations will come on the back of some new brands that we might launch or we are looking at an acquisition for a new brand,' Malhotra told PTI.

Current market price of Dabur India share on BSE is Rs 539.25 per share with intraday gain of 0.57%. Its 52-week high price is Rs 610.40 per share and 52-week low price is Rs 504.00 per share, respectively. The large cap FMCG company has a market capitalisation of Rs 95,556. 97 crore. Dabur India shares fell 4% in last 3-months, 2.61% in last 1-year, 11% in last 2-yers, and gained 2.30% in last 3-years. In last 5-years, Dabur India stock surged 46%.

Earlier this year on November 2, 2023 the company declared its quarterly results and interim dividend.

Dabur India Declares Interim Dividend: As per the BSE filing of the company issued today, "Pursuant to Regulations 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs.2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2023-24." The company on October 25 fixed November 10, 2023 as the record date for interim dividend.

Dabur India Financial Results: The company announced a growth of 7.27% in its revenue to Rs 3203.84 crore for the quarter under consideration as compared to Rs 2986.49 crore announced a year ago amid steady performance recorded in both Home & Personal care and HealthCare businesses, as per the regulatory filing. Dabur India's revenue soared 2.34%, sequentially. Meanwhile, the company's earnings before interest, tax, depreciation and amortization (EBIDTA) declared at Rs 661 crore, up 10 %. EBIDTA margin came at 20.6% as against 20.1% in the year ago period.'

"We have witnessed a marked sequential improvement in urban demand, led by new-age channels. While the rural growth still lags urban demand, the gap has reduced. We are increasingly optimistic of the future as we are seeing green shoots of recovery in Rural sentiments. We will continue to invest behind our brands, distribution infrastructure and innovation to deliver volume-led profitable growth," said Mohit Malhotra, Chief Executive Officer, Dabur.

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.

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