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Dabur India may see double-digit FY27 growth, says Nuvama; 17% upside seenNuvama keeps ‘Buy’ on Dabur India with a ₹605 target, citing growth and margin recovery. Dabur Ventures to invest ₹5 billion in digital-first businesses.By Gareema Bangad  February 20, 2026, 9:33:48 AM IST (Published)2 Min ReadShares of Dabur India Limited will be in focus on Friday, February 20, after Nuvama reiterated its ‘Buy’ rating on the stock, citing management’s medium-term growth roadmap, expected category recovery and improving margin outlook.

The brokerage set a target price of ₹605 per share, implying a 17% upside from Thursday's closing price of ₹501.65.

In its note, Nuvama Institutional Equities said Dabur is targeting high-single to low double-digit revenue growth in FY27, supported in part by a 2% price hike. The brokerage highlighted that management expects key categories such as beverages and Chyawanprash to stage a recovery in the coming quarters.

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The company also outlined plans to scale its investment arm, Dabur Ventures, which has been allocated around ₹5 billion in capital. The platform will focus on investing in high-growth, digital-first and new-age consumer businesses as part of its broader portfolio strategy.

On the near-term outlook, Nuvama said Dabur is likely to report slightly faster year-on-year growth in Q4FY26 compared with Q3FY26. The brokerage also noted that EBITDA margins in FY27 are expected to improve over FY26 levels, indicating a gradual recovery in profitability.

According to Bloomberg data, analyst sentiment on Dabur India remains mixed but moderately constructive. Of the 41 analysts tracked, 16 (39%) have a ‘Buy’ rating, 18 (43.9%) recommend ‘Hold’, and 7 (17.1%) suggest ‘Sell’.

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The 12-month target price stands at ₹548.15, compared with the last traded price of ₹501.65, implying a potential upside of about 9.3%.

Shares of the company are trading marginally lower at ₹501.15 on Friday morning. The stock has delivered a marginal negative return of 0.2% over the past 12 months.Continue ReadingTagsDabur IndiaNuvamaShare Markets Today