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Dabur stock jumps 4% on positive Q1 business update, upbeat demand trends

08 Jul , 2024   By : Debdeep Gupta


Dabur stock jumps 4% on positive Q1 business update, upbeat demand trends

Shares of Dabur rose over 4 percent on July 8 after the company shared a positive business update for the April-June quarter. The company anticipates mid to high single-digit growth in consolidated revenue for Q1FY25.

At 10.05 am, shares of Dabur India were trading at Rs 628.45 apiece on the NSE.

The India business is also expected to record mid-single-digit volume growth, with demand reflecting a sequential improvement. The company also expects growth to accelerate in the coming months, particularly in rural markets, driven by a normal monsoon and government economic initiatives.

In addition, the home & personal care (HPC) and healthcare segments are expected to grow in high-single digits, while the beverage segment faces pressure due to heat waves seen in Q1.

The food category, including Badshah Masala, showed strong momentum, expected to post high-teen growth. Gross margins are likely to expand due to price increases and cost-saving measures. Advertising and promotion spending grew ahead of revenue, with operating profit expected to grow slightly ahead of revenue.

Moreover, the company also reiterated its focus on expanding distribution, investing in key brands, and increasing market shares across its portfolio.

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