|Stock Name : Dabur/Tips Open||Buy : 511||Posted Date : Nov 17, 2020|
|Stopless/Horizon : 485||Target : 587||Results Achieved (Yes/No) :|
Overview: Dabur India Limited is a leading Indian consumer goods company It is a Large Cap company with Market Capitalisation of over Rs 80,000 Crore.
About the company:The 135-year-old ayurvedic company, promoted by the Burman family, started operating in 1884 as an Ayurvedic medicines company. Today, Dabur India Ltd. is one of India’s leading FMCG Companies with Revenues of over Rs 8,700 Crore.
Dabur operates in key consumer product categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care and Foods. The ayurvedic company has a wide distribution network, covering 6.7 million retail outlets with a high penetration in both urban and rural markets.
Dabur acquired three companies of the Balsara group for Rs 143 crore in 2005, along with the brands Promise, Babool, and Meswak (oral care); and Odomos, Odonil, and Odopic (homecare).
In 2009, Dabur acquired Fem Care Pharma Ltd (FCPL) for Rs 260 crore. FCPL manufactures consumer products: bleach, liquid soaps, and hair removing creams, under the Fem brand and fabric softeners and stain removers under Bambi.
Dabur’s products also have a huge presence in the overseas markets and are available in over 100 countries across the globe.
The company has 20 manufacturing facilities, of which, 12 production facilities are located in India. Outside India, the company has manufacturing facilities in Dubai, Sharjah, Ras-al- Khaimah, Egypt, Nigeria, Nepal and Bangladesh.Dabur’s overseas revenue accounts for over 27% of the total turnover.
Management:Mr. Amit Burman is the Chairman and Mr. Mohit Malhotra is the CEO.
Shareholding Pattern (As on September 2020):
• Promoters: 67.85
• Foreign Institutions: 18.08
• NBFC and Mutual Funds : 2.91
• Others: 1.70
• General Public: 5.45
• Financial Institutions: 3.99
• Foreign Promoters: 0.02
Dividend:Dabur India declared an equity dividend of 300.00% amounting to Rs 3 per share for the year ending March 2020.
Sales Report:Dabur reported a 19.6% jump in its profit for the second quarter ended September. Net profit for the period stood at ₹482.86 crore against ₹403.64 crore reported in the same period last year. Consolidated revenue rose 14% to Rs 2,516.04 croreagainst Rs 2,211.97 crore in the year-ago period.
Net profit of Sagar Cements rose 917.61% to Rs 50.27 crore in this quarter against the last year’s same quarter profit Rs 4.94 crore. The company’s EPS has increased to Rs. 21.58 in September 2020 from Rs. 2.28 in September 2019.
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