Moneycontrol
Last Updated : Jan 31, 2018 08:19 AM IST | Source: CNBC-TV18

Dabur India Q3 profit may rise 17%, domestic volume growth seen around 12-15%

Analysts expect domestic volume growth at around 12-15 percent for the quarter against 7.2 percent in Q2FY18 and negative 5 percent in Q3FY17.

Dabur India will announce its third quarter earnings on January 31. It is an important quarter for the company as last quarter (Q2FY18) showed improvement in oral care & foods business and it will be good if that improvement continues in Q3 aided by low base.

The stock rallied more than 17 percent since the start of October-December quarter.

Consolidated profit during the quarter is expected to increase 17.4 percent to Rs 345 crore and revenue to rise 11.1 percent to Rs 2,059 crore compared to year-ago, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit is seen rising 20 percent year-on-year to Rs 400 crore and margin may expand 150 basis points to 19.5 percent for quarter ended December 2017.

Analysts expect domestic volume growth at around 12-15 percent for the quarter against 7.2 percent in Q2FY18 and negative 5 percent in Q3FY17.

Volume growth may be aided by low base, price cuts post GST, new launches (Dabur Red Gel Toothpaste, Ayurvedic Portfolio etc) and underlying demand for herbal & natural products.
First Published on Jan 30, 2018 06:12 pm
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