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Dabur Plunges 5%; BSE FMCG Index Down 1.2%
Thu, 3 Oct 9:20

Dabur Plunges 5%; BSE FMCG Index Down 1.2%Image source: Nikada/www.istockphoto.com

Dabur share price has plunged 5% and is presently trading at Rs 588.0.

Meanwhile, the BSE FMCG index is at 23,462.8 (down 1.2%).

Among the top losers in the BSE FMCG index today are BOM.BURMAH (down 2.4%) and Godrej Consumer (down 2.0%).

Tata Coffee (up 3.6%) and HATSUN AGRO PRODUCTS (up 2.0%) are among the top gainers today.

Over the last one year, Dabur has moved up from Rs 552.9 to Rs 588.0, registering a gain of Rs 35.1 (up 6.3%).

On the other hand, the BSE FMCG index has moved up from 18,586.0 to 23,462.8, registering a gain of 26.2% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 212.1%), BOM.BURMAH (up 127.7%) and Colgate (up 90.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,002.1 (down 1.5%).

The top losers among the BSE Sensex today are Asian Paints (down 3.0%) and Tata Motors (down 2.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,452.9 (down 1.3%). BPCL and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,002.1, registering a gain of 17,490.0 points (up 26.7%).

Dabur Financial Update...

Dabur net profit grew 8.3% YoY to Rs 4,946 million for the quarter ended June 2024, compared to a profit of Rs 4,568 million a year ago. Net sales rose 7.0% to Rs 33,491 million during the period as against Rs 31,305 million in April-June 2023.

For the year ended March 2024, Dabur reported 6.5% increase in net profit to Rs 18,113 million compared to net profit of Rs 17,013 million during FY23. Revenue of the company grew 7.6% to Rs 124,040 million during FY24.

The current Price to earnings ratio of Dabur, based on rolling 12 month earnings, stands at 56.3.


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