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Dabur India down for second day on weak Q4 but brokerages still upbeat. Here's why
Extending losses for a second day, Dabur India was trading 1.5 percent lower on May 5 morning after posting a weak set of numbers for the March quarter of the financial year 2022-23. The homegrown FMCG major reported a 0.5 percent year-on-year decline in Q4 net profit at Rs 292.7 crore and domestic volume growth of 1 percent, which lagged expectations. At 10.30 am, the stock was quoting at Rs 518.4 on the National Stock Exchange, 2.2 percent lower from the previous close. The stock has lost more than 7 percent in 2023 so far. On the operating front, Dabur's earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 9.6 percent YoY to Rs 410 crore. The operating margin declined to 15.3 percent from 18 percent in the year-ago period. Source - https://www.moneycontrol.com/news/business/stocks/dabur-india-down-for-second-day-on-weak-q4-but-brokerages-still-upbeat-heres-why-10532261.html
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