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India's Dabur falls as analysts cut PT after Q2 profit miss



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** Shares of Dabur DABU.NS fall 1% to 540 rupees

** Co reported lower-than-expected profit in Q2, hurt by weaker demand in urban areas and above-average rains

** Nineteen of 39 analysts covering the stock cut PT after results- LSEG data

** Avg rating on the stock is "buy", median PT is 616.5 rupees - LSEG data

** Median PTs on peers Marico MRCO.NS, Hindustan Unilever HLL.NS at 722.5 rupees and 2,900 rupees, respectively, with "buy" rating

** Rising competition in beverages segment, delay in rural recovery key concerns - Bob Capital Markets

** Acquisition of debt-laden hair care company Sesa Care to address portfolio gap is unlikely to improve organic growth - Emkay Research

** DABU down 13% so far this month, set for biggest monthly fall since June 2008

** DABU down 5% YTD vs ~4% rise in Nifty FMCG index .NIFTYFMCG





Reporting by Ashna Teresa Britto in Bengaluru

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