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Dabur India Q4 update: Dabur India's shares fell over 4 percent. The stock was also the top drag on the FMCG index, which slipped 0.2% on April 4.
The maker of Real juice, Hommade condiments and chyawanprash noted in a filing to the stock exchanges that its foods and beverages segment would lead growth in the quarter, usually the best performer in the October-December quarter due to the festive season and its juices portfolio. Dabur said the third quarter has been better than expectations, also driven by its acquired Badshah masala franchise and its international business.
The fast-moving consumer goods market saw a 7.5% volume growth and P&G said demand eventually unlocked capital investments and triggered a positive investment cycle. Rural growth is inflecting as well, with the quarter showing 1.4% volume growth in the non-food sector after four quarters of significant volume decline.