Views on Dabur India 4QFY2014 results - Angel Broking

Views of Mr. V. Srinivasan (Research Analyst - FMGC, Angel Broking) on Dabur India 4QFY2014 results:

"For 4QFY2014 Dabur's results were in-line with estimates. The company's top-line rose by 15.5% yoy to Rs. 1,769cr aided by 9.4% volume growth. Dabur's volume and value growth remained healthy despite the slowdown witnessed in the domestic FMCG industry. The company's domestic FMCG business posted 14% yoy sales growth, while international business posted a 19.7% sales growth. On the domestic front, while healthy supplements category grew by 18% yoy, digestives category rose by a strong 23% yoy. OPM fell by 60bp yoy to 16.4% due to higher raw material, employee and other expenses. Bottom-line rose by 17.3% yoy to Rs. 235cr. We maintain a neutral rating on the stock."

Shares of DABUR INDIA LTD. was last trading in BSE at Rs.180 as compared to the previous close of Rs. 179.35. The total number of shares traded during the day was 112575 in over 2780 trades.

The stock hit an intraday high of Rs. 181.9 and intraday low of 179.35. The net turnover during the day was Rs. 20327534.

Source : Equity Bulls

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