Dabur is likely to see a steady December quarter though it may not be robust due to tepid demand. Nepal blockade and Chennai floods are likely to have small impact on revenue. According to CNBC-TV18, net profit is seen up 12 percent at Rs 317 crore in Q3 from Rs 283 crore in year-ago period. Q3 revenue may grow up 6.3 percent at Rs 2210 crore versus Rs 2079 crore (year-on-year).
Q3 EBITDA is seen up 10.5 percent at Rs 389 crore against Rs 352 crore while EBITDA margin may come in at 17.6 percent versus 16.9 percent (Y-o-Y).
Analysts polled by CNBC-TV18 see volume growth at 1-6 percent volumes and price/mix-led growth 2.5 percent, due to competitive pressures and Nepal issues. Analysts expect a hit of Rs 40-50 crore hit on top line owing to Nepal issues. Late winter likely to impact demand for Chyawanprash. Demand may continue to be subdued and no significant uptick from festive season. Dabur has highlighted liquidity crunch denting rural growth.
Gross margins are expected 130 basis points and input costs environment may remain benign. There may be increase in other expenses due to Nepal blockade. Discounts on Meswak may aide in defending oral care market share while advertising spends are expected to remain elevated.
International business is expected to see 12 percent growth.
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