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Dabur India Beats Q3 View on Sustained Rural Demand
Hindustan Times Pune
|January 31, 2025
Consumer goods maker Dabur India reported third-quarter profit above estimates on Thursday, driven by continued demand in its core rural market.
Shares of the company closed 3% higher after the results.
Dabur's consolidated profit rose 1.6% year-on-year to ₹522 crore for the three months ended December 31.
Analysts, on average, expected a profit of ₹515 crore, according to data compiled by LSEG.
A slew of festivals celebrated by Indians during the reporting quarter contributed to higher rural consumption, although a slowdown in urban consumption remained an overhang on growth.
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