GENERAL16 Sept 2026
Dabur India shares: From Reduce to Add - What led to upgrade from Kotak Institutional Equities
Kotak Institutional Equities has upgraded Dabur India to 'Add' from 'Reduce' after the stock fell about 20% in four months. The broker calls the valuation reasonable and sets fair value at ₹430. Dabur closed at ₹384 on September 16. It expects 9-10% revenue and profit growth in FY 2026-27 under new India CEO Herjit Bhalla, though health supplement drinks remain weak.
Key Statutory Highlights
- Kotak Institutional Equities upgraded Dabur India to 'Add' from 'Reduce', mainly due to reasonable valuations after a roughly 20% correction in the share price over four months.
- Kotak set a fair value of ₹430 per share for Dabur India, while the stock closed marginally lower at ₹384 on BSE on September 16.
- Kotak expects Dabur's revenue and EPS growth to improve to 9-10% in FY 2026-27, helped by a soft base and better execution under new India CEO Herjit Bhalla.
Actionable Advice for Taxpayers / Founders:Treat this upgrade as one brokerage's view, not a guarantee. If you hold or plan to buy Dabur shares, review it against your own goals and speak to a certified financial adviser before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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