|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||530.65 - 536.65|
|52 Week Range||482.25 - 610.75|
|Beta (5Y Monthly)||0.25|
|PE Ratio (TTM)||55.66|
|Earnings Date||May 03, 2023 - May 08, 2023|
|Forward Dividend & Yield||5.00 (0.94%)|
|Ex-Dividend Date||Nov 03, 2022|
|1y Target Est||627.15|
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CHENNAI (Reuters) -Dabur India Ltd reported a 5% drop in third-quarter profit on Thursday, with its revenue growth slumping to a ten-quarter low as customers in rural areas, reeling from the impact of high living costs, tightened spending. "The impact of inflationary pressures was more pronounced in the rural markets as marked downtrading and shift to more affordable and smaller packs led to rural growth lagging urban markets for the second quarter in a row for Dabur," Chief Executive Mohit Malhotra said in a statement. Branded fast-moving consumer goods (FMCG) makers in India have struggled to pull in sales from rural areas as inflation-hit customers look for cheaper alternatives.
Indian shares began 2023 with weekly losses, with investors nervous ahead of the earnings season after recent warnings by some major companies. Strong U.S. jobs data, which indicated the Federal Reserve could keep hiking rates, also weighed. On Friday, the Nifty 50 index closed 0.74% lower at 17,859.45.
CHENNAI (Reuters) -Dabur India Ltd's operating margin for the third quarter could shrink due to currency fluctuations and inflation in its international business, the consumer goods maker said on Friday, even as it forecast an overall improvement in revenue. The company, which earns a quarter of its revenue from overseas markets, said declines in Turkish and Egyptian currencies and high cost of sales have put a damper on its international business in recent times. Dabur's shares, which fell 3% last year, declined as much as 3.6% on Friday.