Dabur India share price climbs 1%; should you buy the stock after Q2 result?

In this article, we will talk about the Dabur Indian share price. Dabur Ltd is one of the best and most famous Indian multinational consumer goods companies. This company was founded by S.K Burman and headquartered in Ghaziabad. It Manufactures Ayurvedic medicine and is the largest fast-moving consumer goods (FMCG) company in India. Reportedly, On 3 November 2023, Dabur’s share cost increased more than a percent in early trade on NSE, extending its gains of the last session after the FMCG firm’s Q2 earnings. Here we have more information about the news and we will share it with you in this article.

Dabur

After the company declared its September quarter earnings, Dabur’s share price increased 2.57 % to close in the last session on Thursday. On Friday, Dabur shares price unlocked at ₹534.10 and soon grew 1.3% to the level of ₹537.10 on the NSE. At almost 9:20 a.m., the stock had been up 0.81% at ₹534.70 on NSE. Dabur share cost has underperformed its sectoral index Nifty FMCG index and Nifty 50 have earned about 16% and 6%, respectively, at the same time. Swipe up the next page for more information about the news.

Dabur Q2 Results

Currently, lots of people are super keen to know about the Q2 result. According to the report, on Thursday, Dabur firm noted a close year on year from ₹490.06 crore in the same quarter the previous year. Its close income from functions developed 7.2% YoY to ₹3,203.84 crores in Q2FY24 from ₹2,986.49 crores in the related quarter the previous year, compelled by the continued performance of both the “Home and Personal Care” and “HealthCare” business. The Q2 income development stood at 10.4% on constant currency terms. You are on the right page for more information about the news, so please read the full article.

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Brokerages largely positive, retain earlier views

Few brokerage companies have kept their earlier views on the stock while some of them have cut their assessments. But they seem to remain hopeful about the stock. Nuvama Wealth Management has supported a buy call on the stock but the target cost to ₹680 from ₹725 earlier. Nuvama stated the company’s overall Q2FY24 result arrived in line with the estimate. The drinks portfolio finally bottomed out and began witnessing growth in October. Full-year operating margin guidance stands at nearly 19.5 percent. Here we have shared all the information that we had if we get any information then we will update you soon. Stay connected with us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.