Dabur Stock Soars 4% on Positive Q1 Business Update and Upbeat Demand Trends
Dabur expects growth to accelerate in the coming months, particularly in rural markets, driven by a normal monsoon and government economic initiatives.
Shares of Dabur rose over 4 percent on July 8 after the company shared a positive business update for the April-June quarter. The company anticipates mid to high single-digit growth in consolidated revenue for Q1FY25.
At 10.05 am, shares of Dabur India were trading at Rs 628.45 apiece on the NSE.
The India business is also expected to record mid-single digit volume growth, with demand reflecting a sequential improvement. The company also expects growth to accelerate in the coming months, particularly in rural markets, driven by a normal monsoon and government economic initiatives.
The food category, including Badshah Masala, showed strong momentum, expected to post high-teen growth. Gross margins are likely to expand due to price increases and cost-saving measures. Advertising and promotion spends grew ahead of revenue, with operating profit expected to grow slightly ahead of revenue.
Moreover, the company also reiterated its focus on expanding distribution, investing in key brands, and increasing market shares across its portfolio.
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