Dabur India surges 9% as domestic FMCG biz posts 21% volume growth in Q1

The stock surged 9% to Rs 429, its new high on the BSE in intra-day trade, after the company reported a better-than-expected domestic FMCG volume growth of 21% in June quarter.

Shares of Dabur India have surged 9% to Rs 429 per share, also their new high on the BSE in intra-day trade, after the company reported a better-than-expected domestic volume growth of 21% in June quarter (Q1FY19).  Analysts had expected volume growth in the range of 10% to 15% for the quarter.

The fast moving consumer goods (FMCG) major reported 19.6% year on year (yoy) jump in its comparable consolidated revenue at Rs 20.81 billion in Q1FY19.

“Growth in domestic FMCG was 23.7% backed by one of the highest ever volume growth of 21%,” Dabur India said in