Dabur Shares Slump After Weak Q4 Numbers

Dabur‘s share price had been trading lower on Thursday ahead of the Q4 results and slumped further after the company declared the results in the afternoon.

What Happened: The company’s revenue from operations rose 6% year-over-year to ₹2,677.80 crore in the March quarter. However, the company’s revenue slumped 12% sequentially.

The company’s consumer care business revenue grew marginally to ₹2,096.15 crore compared to the ₹2,095.15 crore revenue it booked in the same quarter last year. Revenues from the food business saw healthy growth at 44% YoY to ₹521.17 crore.

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Net profit for the quarter ended March slumped 0.6% YoY to ₹292.76 crore. The profit was much below consensus estimates of around ₹320- ₹350 crore. The slump was even steeper when compared to the profit the company booked in the December quarter at ₹476.65 crore. Earnings per share for the quarter stood at ₹1.70. The company also announced a dividend of ₹2.70/share, aggregating to a total of ₹478.38 crore.

The weak numbers saw the company’s shares take a steep fall just after the results were declared at around 2:30 pm.

Price Action: Dabur share price slumped 1.55% to close at ₹529.60 on Thursday.

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