Dabur India stock gains 4%, nears record high post Q2 results

Consolidated net profit grew 7 per cent at Rs 403 crore as against Rs 377 crore in the year-ago quarter.

Shares of Dabur India moved higher by 4 per cent to Rs 479 on the BSE on Tuesday after the company reported a better-than-expected 4.8 per cent year-on-year (YoY) volume growth in September quarter (Q2FY20). Analysts had forecast volume growth in the range of 3.0 - 3.5 per cent for the quarter.

The stock was trading close to its all-time high level of Rs 491, touched on August 27, 2018 in the intra-day deal.

The fast moving consumer goods (FMCG) company posted 4 per cent YoY jump in consolidated revenue at Rs 2,212 crore in Q2FY20. Consolidated net