Stock Market Today Latest News 3 August 2023

  • The Company’s Revenue from Operations increased by 12.6% to Rs 2,226.00 crores for the quarter ended June 30, 2023, compared to Rs 1,977.03 crores during the same period in the previous year.
  • The Operating Profit (PBIDTA excluding Other Income and Finance Income) for the quarter was Rs 145.00 crores (6.5% of Revenue) compared to Rs 123.31 crores (6.2% of Revenue) in Q1FY23.
  • Net Profit for the quarter grew to Rs 83.37 crores compared to Rs 74.35 crores in Q1FY23.

Dabur Q1 Consol. Revenue crosses Rs 3,000-Crore Mark, Up 11%

Q1 Consolidated Operating Profit Up 11.2%; Market Share gains across 90% portfolio

India’s leading Science-based Ayurveda major Dabur India Ltd today announced a 11% growth in Consolidated Revenue for the First Quarter of 2023-24 to cross the Rs 3,000 Crore mark for the first time in the first quarter, driven by strong double-digit growth in both HPC and HC businesses. The Ql Revenue growth stands at 13.3% on Constant Currency basis.
The Board of Directors of Dabur India Ltd (DIL) met here today to consider the unaudited financial results of the Company for the quarter ended June 30th, 2023.
The financial year 2023-24 began on a strong note, reflecting the successful execution of our business
and go-to-market strategies to deliver a robust performance during the first quarter of the year. Dabur
reported a 11% growth in Consolidated Revenue at Rs 3,130 Crore, up from Rs 2,822 Crore a year
ago, with an underlying Volume growth of 3% in the India FMCG business.

Zydus Wellness posts Net Sales of Rs. 699 crores in Q1FY23

Zydus Wellness Ltd., announced results for the first quarter ended June 30th 2023. The company reported
net sales of Rs.699 crores for the quarter. The Company reported total income from operations of Rs.
702 crores and Net Profit of Rs. 110 crores for the quarter.

Five of its brands, Glucon-D, Sugar Free, EverYuth Scrub, Peel Off Face Mask and Nycil maintained
their leadership positions in their respective categories as on June 2023.

Glucon-D has with a market share 59.9 percent maintained its number one position. The company
launched new campaign “Thakaan Gone, Energy On” to boost trials for Glucon D sachets and Glucon
D Mango Blast variant.

Sugar Free continues to maintain its leadership with a market share of 96.2 percent. The company
continued to build its Sugar Free Green franchise with aggressive media campaigns and also focussed
on campaigns for adopting healthier lifestyles.

Varun Beverages Appointed New CFO

Mr. Lalit Malik is appointed as a Chief Financial Officer and Key Managerial Personnel of the Com. August 4, 2023.

Mr. Lalit Malik is a qualified Chartered Accountant, Cost Accountant, Company Secretary, LLB (Gen.), CPA (Colarado, USA) having over 35 years of experience and knowledge in Financial Planning & Strategy, Accounting & Assurance, Corporate Restructuring, M&A, Treasury, Tax planning, Corporate Governance, ESG, Legal & Secretarial, Risk Management, Regulatory Compliances, IT and digital strategy, etc. In his last assignment, he was working as Executive Director and Chief Financial Officer at Torrent Power Ltd. for its Power Generation (Thermal, Renewable), distribution, transmission business and also for Torrent Gas business. Prior to Torrent Power Ltd., he was associated with Dabur India Ltd. as Chief Financial Officer and was responsible for business partnership, corporate governance, Risk management, control, compliances, etc. He also held senior positions in well-known companies such as American Express, P&G & Gillette, Philips India and Sharp &Tannan in the past.

Varun Beverage announce interim dividend of Rs.1.25/rupees in 2023

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