Dabur India gains after good Q3 numbers

Dabur India rose 2.95% to Rs 244 at 15:23 IST on BSE after consolidated net profit rose 12.65% to Rs 318.54 crore on 3.30% increase in total income to Rs 2187.37 crore in Q3 December 2015 over Q3 December 2014.

The result was announced during trading hours today, 28 January 2016.

Meanwhile, the BSE Sensex was down 31.48 points, or 0.13%, to 24,460.91.

On BSE, so far 2.03 lakh shares were traded in the counter, compared with an average volume of 2.71 lakh shares in the past one quarter. The stock hit a high of Rs 244.75 and a low of Rs 235 so far during the day. The stock hit a 52-week high of Rs 316.50 on 6 August 2015. The stock hit a 52-week low of Rs 231.30 on 27 January 2016. The stock had underperformed the market over the past one month till 27 January 2016, sliding 14.42% compared with 5.21% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 12.51% as against Sensex's 10.13% fall.

The large-cap company has an equity capital of Rs 175.91 crore. Face value per share is Re 1.

Dabur India said that its toothpaste business grew ahead of the industry ending the quarter with a strong 15.5% surge. The skin care business reported a near 10% growth during the quarter, while the home care business grew by over 8%. The Over-the-Counter (OTC) and ethicals category ended Q3 December 2015 with a near 8% growth.

The international business division for the company reported a 14.8% growth in Q3 December 2015. The growth in the company's international business was led by Bangladesh at over 15%, Turkey at 14% and GCC at 10%. The US-based Namaste Laboratories posted strong double-digit growth with both the US and non-US businesses performing well, the company said in a statement.

Dabur India is the fourth largest FMCG company in India. The company operates in key consumer products categories like hair care, oral care, health care, skin care, home care & foods.

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