Dabur shares close 4.7% lower on weak revenue growth estimates in Q4

SummaryThe company’s consolidated revenue growth is estimated to remain within mid-single digits in the final quarter of the financial year 2023-24 (Q4FY24). Dabur India Ltd shares dropped more than 5% on Thursday, April 4, following an almost flat growth in revenue during the quarter ending on March 31, 2024, due to a sluggish demand in the period.
The company witnessed a growth in its rural demand, riding on rollback of prices in staples. This helped in narrowing the gap between rural and…
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Source: https://upstox.com/news/market-news/stocks/dabur-shares-decline-over-5percent-on-poor-q4-revenue-growth-update/article-78416/