Dabur India Shares Dip Over 4% as Q4 Revenue Growth Falls Short

4 Apr 2024 , 02:23 PM

Dabur India’s stock witnessed a decline of over 4% following the company’s announcement of mid-single-digit revenue growth in the January-to-March quarter.

At the time of writing, the stock was trading 3.95% lower at ₹510.80 on the National Stock Exchange (NSE). According to the company’s Q4FY24 result update, its India business and home and personal care segment are projected to experience growth in high-single digits.

Conversely, the healthcare and food and beverage segments are anticipated to register low single-digit growth.

In terms of international business, double-digit growth in constant currency terms is anticipated, driven by strong momentum in regions like the Middle East, North Africa, Egypt, and Turkey. The company predicts continued expansion in gross margins due to input cost deflation and cost-saving initiatives.

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