EBITDA above our estimate; positive commentary for FY25

Company
03 May 2024
5 Min read 
  • Dabur's 4QFY24 results update includes changes in estimates, target price, and rating.
  •  The company's revenue growth was largely in line with a 5% YoY increase.
  •  EBITDA was above the estimate, with a healthy 14% YoY growth.
  •  The HPC business sustained a 9% YoY growth, with oral care leading at 22%.
  •  Seasonal businesses like healthcare declined, impacted by delayed winter season.
  •  Dabur's international business grew 12% YoY in constant currency terms.
  •  The company is optimistic about gradual consumption uptick in FY25.
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