Dabur Ltd on Wednesday reported an 17.5% year-on-year fall in its consolidated net profit (attributable to owners of the holding co) for the fiscal’s second quarter ended September (Q2FY25) to ₹425 crore. The company had reported a profit of ₹515.05 crore in the year-ago period. Sequentially, the consolidated net profit was down 15.02%.
Dabur’s consolidated revenue from operations stood at ₹3,028.59 crores during the quarter ended September from ₹3,203.84 crore in Q2FY24, a year-on-year fall of 5.5%.
In an exchange filing, the company reported that despite a tough demand landscape characterised by significant food inflation and a subsequent pressure on urban demand, Dabur maintained strong consumer engagement with its major brands, finishing the second quarter of 2024-25 with a consolidated revenue of ₹3,029 Crore.
The FMCG-major’s EBITDA was down by 9.4% compared to the same quarter last year, totalling ₹704.1 crore.
Dabur share price today
On Wednesday, Dabur share price closed 2.07% higher at ₹546.95 apiece on BSE. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, in the last couple of months, Dabur share price has seen sharp sell-off from its highs of around 670, the trend remains weak but considering the oversold conditions we have seen some respite in this week.
The immediate support is around ₹530 which if broken will resumes downside towards ₹510 on the flip side, the stock has multiple over head resistance at higher levels with ₹560 and ₹570 as key moving average levels. Any bounce towards it can be used to exit positions as undertone remains weak for this counter.
