Dabur Q2 results: ESOP announced; 35,605 equity shares to be allotted towards employee stock option

Dabur Result: Dabur, one of the leading Indian multinational consumer goods companies, has declared the allotment of 35,605 equity shares of the face value of Re 1 each to the eligible employees of the Company on account of the exercise of vested stock options pursuant to the Dabur Employee Stock Option Scheme. The company declared its quarterly results for the quarter ending in September on October 26. 

The consolidated revenue for this quarter was up by 6 per cent to Rs 2,986.5 Crore while the Q2 Revenue growth stood at 8.5 per cent on a Constant Currency basis. 

Dabur reported a Consolidated Revenue of Rs 2,986.5 Crore in the second quarter of the 2022-23 financial year, up from Rs 2,817.6 Crore in the same quarter a year ago. 

Dabur mitigated the impact of unprecedented inflationary pressures through disciplined cost control, operational efficiencies, and judicious price increases across key product categories. The company ended the second quarter with a Net Profit of Rs 490.1 Crore. 

The Board of Directors at their meeting held on 26 October 2022, has declared an interim dividend of Rs 2.50 per share (250 % on a par value of Rs 1 each) aggregating to Rs 442.94 crores. The Company has fixed 4 November 2022 as the record date for the payment of the interim dividend. 

This quarter Dabur made a comeback in terms of profit as the company faced considerable losses last quarter. Dabur India reported a decline in its net profit for the quarter that ended 31 March 2022 at Rs 294.34 crore. 

Dabur India has also announced the acquisition of 51 per cent shareholding of Badshah Masala, which is engaged in the business of manufacturing, marketing, and export of ground spices, blended spices, and seasonings. The acquisition is expected to be completed before March 31, 2023, the company mentioned in its press release.

The share of Dabur India closed at Rs 532.50 today.