Dabur India shares gain nearly 4 pc post Q3 earnings

New Delhi, Jan 31 () Shares of FMCG major Dabur India jumped nearly 4 per cent on Friday after the company reported a 8.62 per cent increase in consolidated net profit for the third quarter ended December 2019.

The scrip gained 3.73 per cent to close at Rs 496 on the BSE. During the session, it went up by 5.21 per cent to Rs 503.10.

On the NSE, it rose by 3.55 per cent to close at Rs 495.75.

The homegrown FMCG major on Thursday reported a 8.62 per cent increase in consolidated net profit at Rs 398.87 crore for the third quarter ended December 2019.

The company had posted a consolidated net profit of Rs 367.21 crore in October-December quarter a year ago, Dabur India said in a BSE filing.

Revenue from operations rose 6.99 per cent to Rs 2,352.97 crore during the quarter under review as against Rs 2,199.21 crore in the corresponding quarter of the previous fiscal.

Total expenses during October-December rose 6.03 per cent to Rs 1,924.94 crore as against Rs 1,815.41 crore. SUM ANS ANS