Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates
Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.
by ETMarkets.com
NEW DELHI: Chyawanprash-maker Dabur India on Wednesday reported a 14.24 per cent year-on-year (YoY) drop in consolidated net profit at Rs 319.24 crore for the March quarter against Rs 372.26 crore in the same quarter last year.
The profit figure missed ET NOW poll estimate of Rs 391 crore.
Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.
The Board of Directors of the company recommended a final dividend of Rs 1.60 per share for the financial year 2019-20.
The nationwide lockdown resulted in significant reduction in the business operations of the company in terms of sales and production, Dabur India said.
“The management has considered the possible effects that may result from the pandemic on the recoverability/carrying value of the assets. Based on the current indicators of future economic conditions, the management expects to recover the carrying amount of the assets, however, the management will continue to closely monitor any material changes to future economic conditions,” it said in a statement.
Shares of the company dropped 0.88 per cent to Rs 429.45 in the afternoon trade
In Video: Dabur Q4 results: Net profit dips 24% at Rs 281.6 cr amid Covid-19 disruptions