Dabur India advances after good Q2 numbers

Dabur India rose 3.92% to Rs 334.05 at 15:02 IST on BSE after consolidated net profit adjusted for GST and currency translations grew by 7.2% to Rs 361.90 crore on 8% growth in revenue to Rs 1958.90 crore in Q2 September 2017 over Q2 September 2016.

The result was announced during market hours today, 31 October 2017.

Meanwhile, the S&P BSE Sensex was down 47.11 points or 0.14% at 33,219.05.

On the BSE, 2.41 lakh shares were traded on the counter so far as against the average daily volumes of 28,000 shares in the past two weeks. The stock had hit a high of Rs 334.80 so far during the day which is a 52-week high. The stock hit a low of Rs 322.85 so far during the day.

With the GST headwinds settling down and improved consumer offtake in domestic markets, Dabur India reported a strong surge in the domestic consumer growth during Q2 September 2017. However, the overseas business performance was hit by a combination of steep currency devaluation in Egypt, Turkey and Nigeria, and the continued geopolitical disturbances in key geographies, Dabur said in a statement.

Dabur India's chief executive officer Sunil Duggal said that the company has lined up a number of exciting initiatives and are committed to aggressively launch new products leveraging on its Ayurvedic heritage and cutting-edge science.

Dabur India's board declared interim dividend of Rs 1.25 per share for the year ending 31 March 2018 (FY 2018).

Dabur India is one of India's leading FMCG companies.

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