Dabur Shares: Dabur India saw its shares rise by over 4% on July 8 following a positive business update for the April-June quarter. The company expects mid to high single-digit growth in consolidated revenue for Q1FY25.
At 10:35 am, Dabur India shares were trading at Rs 629.70 apiece on the NSE.
The company anticipates mid-single-digit volume growth in its India business, driven by improving demand, particularly in rural markets supported by a normal monsoon and government economic initiatives.
Dabur forecasts high-single-digit growth in the home & personal care (HPC) and healthcare segments. However, the beverage segment faces challenges due to heatwaves experienced in Q1.
The food category, including Badshah Masala, is showing strong momentum with expected high-teen growth. Gross margins are expected to expand due to price increases and cost-saving measures. Advertising and promotion spends have grown ahead of revenue, with operating profit expected to outpace revenue growth.
Dabur reiterated its focus on expanding distribution, investing in key brands, and increasing market shares across its product portfolio.
Disclaimer: The views and investment tips expressed by investment experts on LegalParivar.com are their own and not those of the website or its management. We advises users to consult certified experts before making any investment decisions.
