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Dabur Stock Price Falls 3pc On Report Of 6pc Profit Decline

DCountry’s leading FMCG player, Dabur India Limited, reported a decline in net profit by 6pc at Rs.371.49-Crore during the Q4FY2019, vis-à-vis Rs397.18-Crore during the same period last year.  The company’s operational revenue during the quarter spiked by 5pc to Rs. 2,128.19cr V/s Rs.2,032.91-Crore during the equivalent quarter last year.

At market closing hours, the Dabur stock closed at Rs382.80per share, down 3.84pc or Rs15.30. The benchmark Sensex was 50.12 points down at 38981.43.  The broader Nifty50 closed lower by 23.40 points at 11724.75

The market breadth was slanted in favor of sellers. On the Nifty50, 21 shares advanced and 29 shares declined.

Infratel Yes Bank, PowerGrid, and Hero MotoCorp were among gainers on the Nifty, while , Britannia, Zee Ent, Tata Motors and IndusInd Bank were losers.