Dabur maintains FY27 growth guidance; Nomura raises target price to Rs 625, retains Buy

Nomura raised Dabur's target price to Rs 625 and retained a Buy rating.

Dabur maintained its FY27 growth guidance.

Dabur's profit margin expanded 30 basis points year-on-year to 47.3%.

Nomura increased earnings estimates for FY27-FY29 to factor in price hikes.