Dabur India: Q3 mein Revenue toh badha, par Volume Growth slow? Investors ko kya hai update?

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AuthorIshaan Verma|Published at:
Dabur India: Q3 mein Revenue toh badha, par Volume Growth slow? Investors ko kya hai update?
Overview

Dabur India ne Q3 FY26 mein **6%** ka revenue growth report kiya hai, jo expectations se match karta hai. Par volume growth **3%** par hi simat gaya, jo expected **5%** se kaafi kam hai.

Arey bhaiyo aur behno, Dabur ke results aaye toh hain, revenue toh 6% grow kar gaya, bilkul market ke predictions ke hisaab se. Lekin asli masala volume growth mein hai, jo sirf 3% raha. Ye analysts ke 5% ke target se kaafi neeche hai aur competitors bhi behtar kar rahe hain.

Kya hai reason? GST ka game!

Company ka kehna hai ki ye thoda GST transition ka effect hai. October mein stocks kam ho gaye the, jisse sales par impact pada. Lekin achhi baat yeh hai ki November ke mid se restocking shuru ho gayi thi aur ab recovery dikh rahi hai. Overall, GST cycle ke hisaab se quarter theek hi tha, par Dabur ke volume numbers mein thodi kami dikhi.

Rural vs. Urban: Gap kam ho raha hai

Rural demand toh abhi bhi urban se aage hai, par dono ke beech ka difference kam ho gaya hai. Pehle rural demand 600 basis points aage thi, ab sirf 300 basis points. Yeh dikhata hai ki cities mein bhi logon ki kharch karne ki capacity wapas aa rahi hai. Management ka kehna hai ki Q4 FY26 mein revenue growth high single digits mein aa sakti hai.

Brokerage kya bol rahe hain?

Is performance ko dekh kar Motilal Oswal ne stock par 'Neutral' rating rakhi hai aur target price ₹535 set kiya hai. Ye target FY27 ke EPS ka 40 times multiple le kar banaya gaya hai. Dabur ka P/E ratio 58x chal raha hai aur market cap lagbhag ₹95,000 crore hai. Stock abhi ₹525 ke aas paas trade ho raha hai aur roz lagbhag 2 million shares ka volume dekhne ko milta hai. Basically, Dabur ek stable company hai, ab dekhte hain aage kaise perform karti hai.

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