Dabur‘s share price traded flat as the company posted its earnings for the quarter ended June.

What Happened: The FMCG major’s net profit for the quarter came in at ₹500.12 crore, up around 8% from the ₹463 crore profit posted in the same quarter last year. Revenue from operations stood at ₹3,349.11 crore, up around 7% from the ₹3,130 crore posted in the same quarter last year.

Both revenue and net profit were in line with Bloomberg estimates of around ₹3,342 crore in revenue and ₹494 crore in profit. Operating profit for the April-June period came in at ₹655 crore.

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The consumer care business revenue was at around ₹2,567 crore, up 7.3% from the ₹2,391 crore revenue posted in the same quarter last year. Revenue from the food business came in at ₹703 crore, up around 5% year-on-year.

Price Action: Dabur’s share price was up 0.91% to trade at ₹641.15 on Thursday afternoon.

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