Dabur's strategic moves pays well in Dec quarter, analysts remain positive

Dabur’s December 2019 quarter (Q3) numbers were ahead of Street estimates, save net profit that missed estimates on account of non-operational items. Analysts say that a favourable raw material environment, along with Dabur’s efforts to drive sales, augers well for the company.
 
The company — which owns popular brands like Chyawanprash and Hajmola —clocked 7 per cent year-on-year (YoY) growth in revenue to Rs 2,353 crore in Q3, versus Bloomberg consensus estimates of Rs 2,313 crore.
 
Profit before tax grew 9.3 per cent YoY to Rs 502.3 crore, beating expectations of Rs 496 crore. However, provisioning for impairment