Dabur India Ltd.'s share price fell over 7% on Thursday, as most brokerages see the company facing significant challenges in the third quarter of the ongoing financial year. Analysts expect a decline in the company’s consolidated revenue to mid-single-digit percentage year-on-year, largely influenced by proactive inventory correction strategy. The unfavorable weather conditions are an additional headwind. Jefferies noted that the unfavorable weather, including heavy rains and flooding, has affected consumer demand, particularly in the beverages segment. The brokerage expects a decline in operating profits for Dabur, although peers may not experience the same downturn. Nuvama also highlighted a projected 5% decline in consolidated revenue, attributing it to inventory correction in general trade and subdued urban demand. They emphasize the challenges faced by the beverages portfolio, which suffered from the adverse weather conditions.
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9 окт 2024
