Dabur India - Management meeting notes—slow rural growth, industry volumes weak - Kotak

Our recent interaction with Dabur India's management reaffirmed generally weak and decelerating volume growth in the Indian consumers industry. More important, Dabur indicated rural growth had slowed materially, almost catching up with urban growth. A monsoon-led spurt in rural income and election spending ahead of the 2014 general elections hold promise but there is little on-ground evidence of a positive impact, yet.

Dabur's diversified portfolio serves it well in these challenging times. We reiterate ADD.

Source : Equity Bulls

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