Dabur's Q2FY17 Consolidated Net Profit rises 5.29% yoy

Dabur India Limited, the FMCG major of the country posted a static revenue growth of 1.1 per cent year on year for quarter ended 30^th September of 2016 missing estimates by 10 per cent and a 5 per cent net profit growth to Rs 358 crores. However, it missed estimates by ~3 per cent.

Dabur reported a stagnant revenue growth of 1.1 per cent to Rs 1,981 crores due to tepid growth in its consumer care and retail segments. The food segment grew ~9 per cent year on year to Rs 269 crores but declined quarter on quarter.

EBITDA of the company grew 0.70 per cent year on year to Rs 407 missing estimates of Rs 436 crores impacted by higher raw material cost. This led to a margin contraction of 7 bps year on year to 20.6 per cent supported by lower add spends.

Net profit grew 5.3 per cent year on year to Rs 358 crores missing estimates of Rs 367 crores. This was supported by other income of Rs 89 crores which grew 60 per cent year on year.

Dabur share price is currently trading at Rs 297.30, up by 4.28 per cent or 12.20 points. A total of 85,58,513 shares of the company have exchanged hands on the counter of NSE aggregating to a total amount of Rs 24,819.69 lacs.

Important Fundamentals:

• Sector- FMCG
• Face Value (Rs.)- 1
• Average Daily Movement [ADM]- 6.55
• Average Volume [20 days]– 15,84,019
• 1 Month Return (%)-1.00
• Consolidated FY 15-16 PE Ratio - 40.09
• Consolidated Trailing PE Ratio - 39.03
• Standalone FY 15-16 PE Ratio - 53.45
• Standalone Trailing PE Ratio - 52.09
• Book Value - 23.62
• Market Cap - Rs 50220.95 (Cr)
• % of Promoter holding pledged – 0

Dabur is one of the top 500 shares recommended by Dynamic Levels.