Dabur has released its second quarter results. The bank's profit has fallen by 18 percent compared to last year. At the same time, there has been a 6 percent decline in income. EBITDA has also fallen by more than 16 percent compared to last year. Margins have also come down compared to last year. Dabur's profit and income have been slightly less than the CNBC TV 18 poll. At the same time, both EBITDA and margin have been better than estimates. Dabur India's stock closed with a gain of more than 2 percent in Wednesday's trading.
 

How were the quarterly results?

Dabur's second quarter profit has come down from Rs 507 crore to Rs 418 crore as compared to last year, i.e. it has decreased by 17.6 percent on a year-on-year basis. The profit has been slightly less than the market estimates. A profit of Rs 431 crore was estimated in CNBC TV 18's poll. At the same time, the income has come down from Rs 3203.8 crore to Rs 3029 crore as compared to last year. That is, a decline of 5.6 percent has been seen in it. A CNBC TV 18 poll had estimated the income to be Rs 3045 crore. EBITDA has come down by 16.3 percent to Rs 553 crore. However, the market estimate was Rs 548 crore. Margins have been at 18.3 percent, which was 20.6 percent a year ago. The market had estimated that the margins would be at 18 percent. That is, both EBITDA and margins have been better than the estimates.