Nuvama Predicts Double-Digit Growth for Dabur India by FY27, Sees 17% Upside

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Dabur India Eyes Double-Digit FY27 Growth, Nuvama Predicts 17% Upside

Dabur India Eyes Double-Digit FY27 Growth, Nuvama Predicts 17% Upside

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CNBC TV18•20-02-2026, 09:33

Dabur India Eyes Double-Digit FY27 Growth, Nuvama Predicts 17% Upside

•Nuvama reiterates 'Buy' rating on Dabur India, setting a target price of ₹605, implying a 17% upside.
•Dabur targets high-single to low double-digit revenue growth by FY27, supported by a 2% price hike.
•Management expects recovery in key categories like beverages and Chyawanprash in upcoming quarters.
•Dabur Ventures, with ₹5 billion capital, will invest in high-growth, digital-first consumer businesses.
•Nuvama anticipates faster year-on-year growth in Q4FY26 and improved EBITDA margins in FY27.

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