Dabur India Q2 update: Consolidated revenue may register mid-to-high single-digit growth

In its India business, Healthcare and HPC segments are expected to grow in high single-digit. On account of a mild summer and changes in festive season, the company anticipates the food and beverage (F&B) business to remain slightly below last year revenue. Badshah Masala continued to perform well and is expected to post growth in high teens, it said.

Dabur's international business is poised for a strong performance, with double-digit growth in constant currency led by Middle East, Egypt and Turkey.

"While the FMCG consumption is showing year-on-year improvement, however the recovery has been gradual. This quarter witnessed a mild summer and a slightly deficient monsoon. Festive season is later than normal this year due to which offtake related to festivals is delayed and will carry forward to next quarter," the company said in a statement.

The firm expects recovery of consumption in both urban and rural markets in India due to improving macro indicators, increase in government expenditure and positive consumer sentiment.

"We remain committed to driving ahead of category performance of our business segments and gain market shares across our portfolios. We will continue to invest strongly behind our brands, distribution expansion, manufacturing footprint and digitisation initiatives," it said.

Shares of Dabur India Ltd were trading almost flat at Rs 548.75 apiece on the NSE today. The stock has an average target of Rs 632.11, which represents an upside of 15.09% from the last price of Rs 549.25.