💨 Abstract

Dabur India shares dropped 7.7% on Thursday due to the company's forecast of a first-quarter revenue decline in four years, attributable to weak demand in its food and beverages segment. The decline is expected to be in the mid-single digits, impacted by heavy rain and floods, according to Dabur. The company also mentioned a buildup of inventory and decreased operating margin due to brand investments.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖