Dabur shares slumped on Monday morning after its Q3 update.
As the markets usher in a brand new year, the equities are also looking at yet another crucial earnings season this January. As companies gear up to release quarterly earnings for Q3 (October-December), more action is expected at Dalal Street.
Dabur Shares Q3 Update
The FMCG giant was one of the first to share an update. In an exchange filing dated January 3, the company shared a not-so-optimistic note with the market and its investors.
In the update, they said, that during Q3, rural consumption for FMCG was resilient and continued to grow faster than urban. While general trade was still under pressure, alternative channels like modern trade, e-commerce, and quick commerce continued to post strong growth.
Breaking the bad news, the company further added, "Dabur's consolidated revenue is expected to register low single-digit growth during Q3 FY25."
Breaking the bad news, the company further added, "Dabur's consolidated revenue is expected to register low single-digit growth during Q3 FY25." | Representational Image
Drop In Revenue
In the previous quarter or Q2 of FY25, the company accrued a total revenue count of Rs 3,180.11 crore, compared to revenue of Rs 3.320.2 crore from the adjacent quarter of the previous fiscal year.
In the update, the company also added, "In India business, HPC is expected to grow in mid to high single digits, while Health Care is expected to be flattish due to the delayed winter onset. While Beverages portfolio is expected to report muted performance, our culinary business under the brand 'Hommade' and 'Badshah' continued to perform well during Q3 and is expected to post strong double-digit growth."
Dabur Shares On Monday
When we look at the company's performance at the equity markets, the stock price opened at Rs 522.30, lower than its previous closing of Rs 524.90 per share.
This soon dwindled further at the bourse. The maker of Dabur Chyawanprash among other items saw its shares sink further in the very first hour of the day's trade on Monday, January 06.
At the time of writing, the shares of the fast-moving goods company dropped by 4.14 per cent or Rs 21.75, taking the overall value of each stock to Rs 503.15 per share.
