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Dabur Plunges 4%; BSE FMCG Index Down 0.0%
Wed, 24 Jul 9:53

Dabur Plunges 4%; BSE FMCG Index Down 0.0%Image source: Ivcandy/www.istockphoto.com

Dabur share price has plunged 4% and is presently trading at Rs 626.0.

Meanwhile, the BSE FMCG index is at 22,544.1 .

Among the top losers in the BSE FMCG index today are Godrej Consumer (down 2.9%) and Marico (down 2.8%).

AVANTI FEEDS (up 6.5%) and Shree Renuka Sugars (up 4.4%) are among the top gainers today.

Over the last one year, Dabur has moved up from Rs 565.0 to Rs 626.0, registering a gain of Rs 61.1 (up 10.8%).

On the other hand, the BSE FMCG index has moved up from 18,998.8 to 22,544.1, registering a gain of 18.7% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 156.4%), JYOTHY LABS (up 115.1%) and BOM.BURMAH (up 93.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,171.2 (down 0.3%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 2.7%) and Bajaj Finance (down 2.2%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,375.4 (down 0.4%). Hindustan Unilever and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,171.2, registering a gain of 13,786.4 points (up 20.8%).

Dabur Financial Update...

Dabur net profit grew 16.6% YoY to Rs 3,416 million for the quarter ended March 2024, compared to a profit of Rs 2,930 million a year ago. Net sales rose 5.1% to Rs 28,146 million during the period as against Rs 26,778 million in January-March 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 61.2.


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