Dabur India's Q1 operating profit growth lags low single-digit revenue growth despite urban demand boost and volume rise, with shares up 3%.

• Nomura rates 'buy' at 550 rupees, citing underperformance vs peers and rural growth mismatch.
• Morgan Stanley 'underweight' at 396 rupees, forecasts weak earnings growth to persist amid flat top, line.
• Macquarie 'neutral' at 480 rupees, worries beverage weakness hampers near-term growth prospects.