Dabur India witnessed a decline in its shares by over 4 percent following the announcement of mid-single digit revenue growth in the January-to-March quarter.
The company revealed in its Q4FY24 result update that its India business and home and personal care segment are anticipated to experience growth in high-single digits. However, the healthcare and food and beverage segments are expected to register low single-digit growth.
Despite this, the international business is projected to achieve double-digit growth in constant currency terms, driven by strong performance in regions like the Middle East and North Africa, particularly in Egypt and Turkey.
As of 2:00 pm, Dabur India’s shares were trading 4.21% lower at ₹508.65 on NSE.
