Indiabulls Securities Research has come out with a research report on Dabur India. The research firm has maintained hold rating on the stock, in its report dated November 19, 2009.
"In Q2’10, Dabur India reported a robust top-line growth of 22.7% yoy to Rs 8.5 billion, led by robust 14.2% growth in volumes across its key categories. EBITDA grew by 36.4% yoy to Rs 1.8 billion and margins by 215 bps to 21.4% due to softening of raw material prices. We remain bullish on Dabur’s diversified product portfolio, with a niche positioning in the Herbal and Natural space, and the initial signs of revival in core categories. However, the stock has rallied more than 30% in the last three months, hence we maintain our hold rating on the stock" says Indiabulls Securities Research.
| NIFTY 
