Dabur India Ltd touched Rs 1 trillion in market capitalization after its shares hit a fresh record high on Thursday The stock touched an all-time high of Rs 569.20, and is currently up 1 per cent at Rs 566 on the BSE. Dabur’s market cap stood at Rs 1.01 trillion. The company may declare its March quarter earnings on 7 May. It is expected to post strong earnings on a weak base of last year. Growth in health supplements, OTC & ethicals, oral care, and juices would be watched, the analyst said. The company delivered strong growth in retail offtake on the back of strong traction in foods, beverages, and oral care.

Analyst say that given higher rural salience, any potential uptick in rural consumption could benefit Dabur disproportionately. Overseas operations, the Middle East, in particular, could be challenged in the short term. Brokerage firm JP Morgan extended its target price time frame to March 2022 and set a new target of Rs 600.

“Chyawanprash witnessed a sequential decline in demand which is generally a normal trend while honey demand further moderated due to competitive intensity. Notably, the new mango drink has been receiving good traction. Overall, Dabur is expected to deliver 31 per cent growth during the 4QFY21”, said Antique Stock Broking in a note to its investors.