Shares of Dabur India fell by 2 per cent today after the company gave weak guidance for the third quarter due to lower juice sale amid disruption of supplies from its plant in Nepal.
The stock went down 2.05 per cent to settle at Rs 272.25 on BSE. During the day, it lost 3.54 per cent to Rs 268.10.
At NSE, shares of the company declined 1.86 per cent to end at Rs 271.70.
Dabur has become the first major private Indian firm to be hit by prevailing political tension in Nepal as the homegrown FMCG giant said that estimated juice sale in third quarter will be lower by 10-15 per cent against previous year.
"We have lost some part of juice sale in October and November, 2015 and estimated juice sale during third quarter of the current fiscal will be lower by 10-15 per cent against previous year. This is a one-time issue beyond our control and will have a near term impact on December quarter performance", Dabur had said in a BSE filing yesterday.
There is no improvement in the eco-political situation in Nepal till date and the India-Nepal border continues to remain closed, it added.
Dabur has a plant at Birgunj in Nepal, which is only catering the domestic market there as it is unable to send supplies across the border.
