Dabur India shares drop 3% on missing estimates in Q3FY18 net profit

Analysts at ZeeBusiness estimated Dabur’s net profit and revenue this quarter, at Rs 355 crore and Rs 2,090 crore respectively.

Representational Image of Dabur India's product. Photo: Official Website

FMCG-player Dabur India missed analysts estimates during December 2017 (Q3FY18) quarter performance, despite reporting growth in both consolidated top-line and bottom-line on yearly basis.

Dabur recorded consolidated net profit of Rs 333.03 crore in Q3FY18, rising by 13.02% from Rs 294.67 crore in the corresponding period of the previous year.

However, Q3FY18 net profit declined by 8.17% compared to net profit of Rs 362.67 crore in the preceding quarter.

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Consolidated revenue came in at Rs 1,966.44 crore - witnessing growth of 6.13% from Rs 1,852.91 crore in Q3FY17 and gradually up by 0.38% versus Rs 1,958.93 crore in Q2FY18.

Analysts at ZeeBusiness estimated Dabur’s net profit and revenue this quarter at Rs 355 crore and Rs 2,090 crore respectively.

Under consolidated segment-wise break up, consumer care business was sole best performer, by registering 8.60% growth to Rs 1,696.86 crore in Q3FY18 from Rs 1,562.52 crore in Q3FY17.

While other segments reported decline during the quarter. Food business tumbled by 3.84% year-on-year (YoY) to Rs 210.69 crore, retail business was also down by 9.71% yoy to Rs 32.09 crore and others dropped by 32.84% yoy to Rs 20.49 crore.

For nine month of FY18, consolidated net profit was at Rs 960.56 crore - sequentially up by 1.47% yoy, on the other hand revenue stood at Rs 5,715.43 crore down by 1.23% on yearly basis.

On standalone basis, Dabur’s performance was good in Q3FY18, with net profit growing by 15.92% yoy to Rs 265.47 crore, while revenue came in at Rs 1,449.31 crore above 12.88% yoy.

Post Q3FY18 announcement, the share price of Dabur dropped by nearly 3%. However at around 1407 hours, the company was trading at Rs 349.80 per piece down Rs 9 or 2.44%.

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