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.
Vineetha Sampath
Dabur hopes for festive cheer

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.

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