Dabur India firms up after decent Q3 results

Dabur India rose 2.31% to Rs 440.80 at 15:07 IST on BSE after consolidated net profit rose 10.26% to Rs 367.21 crore on 11.84% increase in net sales to Rs 2,199.21 crore in Q3 December 2018 over Q3 December 2017.

The result was announced during trading hours today, 31 January 2019.

Meanwhile, the S&P BSE Sensex was up 673.06 points, or 1.89% to 36,264.31.

On the BSE, 4.96 lakh shares were traded in the counter so far compared with average daily volumes of 1.41 lakh shares in the past two weeks. The stock had hit a high of Rs 446.05 and a low of Rs 427.65 so far during the day.

Dabur India said that prudent cost management initiatives coupled with strong growth in the domestic market across its key business categories helped the company mitigate the weaker economic indicators and macro-economic headwinds in some international markets to deliver a strong overall performance in the third quarter of 2018-19 financial year. Dabur India ended the quarter with double-digit volume growth and also reported market share gains across key categories.

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

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