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Dabur hopes for festive cheer
Mint Mumbai
|October 09, 2023
Dabur India Ltd’s shares closed 0.7% lower on Friday, a day when the Nifty 50 index was up 0.5%. The company’s business update for the three months ended September (Q2FY24) indicates that financial results for the quarter may well be forgettable.
Dabur noted a year-on-year improvement in FMCG consumption for the quarter, but the recovery has been gradual at best. A mild summer weighed on its food & beverage (F&B) business.
This, along with many festivals falling in Q3 this year instead of Q2 means the revenue in this segment is expected to fall slightly from ₹431 crore (excluding Badshah acquisition) seen in Q2FY23. Other verticals—healthcare, and home & personal care (HPC)—are likely to grow in high single digits each. In Q1, these segments saw revenue growth of 10% and 11%, respectively.
Cette histoire est tirée de l'édition October 09, 2023 de Mint Mumbai.
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