Connect with us
DAPA Banner

Business

Dabur India shares rise 2% as Q3 net profit increases 7%. What are analysts saying?

Published

on

Dabur India shares rise 2% as Q3 net profit increases 7%. What are analysts saying?
Shares of FMCG major Dabur India rose as much as 2% to their day’s high of Rs 519 on BSE on Friday after it reported a 7% YoY increase in consolidated net profit for the December quarter at Rs 560 crore, compared with Rs 522 crore in the same period last year.

The profit after tax (PAT) is attributable to the owners of the holding company. Revenue from operations for Q3FY26 grew 6% YoY to Rs 3,559 crore, up from Rs 3,355 crore in the corresponding quarter of the previous financial year.

On a sequential basis, PAT rose 24% from Rs 453 crore in Q2FY26, while revenue increased 11% from Rs 3,191 crore reported in the July–September quarter.

The company said its FMCG business registered a 6% growth during the quarter, with broad-based performance across markets and categories.

Advertisement

Net profit before exceptional items climbed 10% YoY to Rs 575 crore from Rs 522 crore a year earlier, while operating profit rose 7.7% during the quarter to Rs 734 crore.


Sensex, Nifty today: Catch all the LIVE stock market action here
India business performanceIn India, Dabur said its key brands delivered category-leading growth along with market share gains across major segments. This was led by a 193 bps improvement in the hair oils category, taking Dabur’s total market share in hair oils to its highest-ever level of around 20%.

The company also reported a 131 bps increase in market share in air fresheners, with its overall share reaching 44%. In the Juices & Nectars segment, Dabur gained 195 bps in market share, while its share in the 100% juices category expanded by around 646 bps.

The Skin & Salon business grew 6.6% during the quarter, while Hajmola, the company’s flagship digestives brand, recorded a 7% growth. The foods business posted a 14% increase in Q3.

International business

Advertisement

Dabur’s international business delivered an 11.1% growth in the third quarter, driven by strong performance across key markets including Turkey, MENA, the US and Bangladesh.

Buy, sell or hold Dabur India share?

Morgan Stanley has maintained its Underweight rating on Dabur India with an unchanged target price of Rs 400. This implies a 21% downside from current market levels. The international brokerage noted that the company’s Q3 performance remained weak but was largely anticipated. The brokerage highlighted continued pressure in the healthcare and beverages segments, although demand showed sequential improvement in December. Dabur is planning a price hike of around 2% in Q4, while growth in FY27 is expected to be driven primarily by volumes. Morgan Stanley also identified seasonality and weather conditions as key risks to the company’s outlook.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Big Volatility For Small But Buzzy IPO

Published

on

David Uberti hedcut

It’s been a volatile few days for the buzziest IPO of the week.

A wave of mom-and-pop investors sent shares of small drone-software company Swarmer soaring after it went public on Tuesday. Then yesterday, shares started falling, and the declines accelerated in Friday’s trading session.

Swarmer priced its IPO at $5 a share. The stock climbed to close trading on Wednesday at $55. It recently traded at $39.25 a share, down 25% from yesterday’s close but still well above its $5 IPO price.

Continue Reading

Business

Dell Stock Is a Big Winner in the Super Micro Scandal. Why That May Be Overblown.

Published

on

Dell Stock Is a Big Winner in the Super Micro Scandal. Why That May Be Overblown.

Dell Stock Is a Big Winner in the Super Micro Scandal. Why That May Be Overblown.

Continue Reading

Business

Why Mayo and Soap No Longer Mix for Unilever

Published

on

Why Mayo and Soap No Longer Mix for Unilever

Do food and toiletries belong in the same place? For almost 100 years, the answer for consumer-goods behemoth

Unilever

ULVR

0.47%

Advertisement

increase; green up pointing triangle was yes. Not anymore.

Unilever said Friday it was in talks with spice maker McCormick

MKC -1.52%

Advertisement

decrease; red down pointing triangle about a sale of its food business, which includes Hellmann’s mayonnaise and Knorr stock cubes. News of a potential deal, which could be valued at tens of billions of dollars, confirmed an earlier Wall Street Journal report.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Trump threatens Iran with power plant strikes over Hormuz blockade

Published

on

Trump threatens Iran with power plant strikes over Hormuz blockade


Trump threatens Iran with power plant strikes over Hormuz blockade

Continue Reading

Business

Is PlayStation Network Down? Network Experiences Brief Outage on March 21, 2026

Published

on

The smooth design of the PlayStation controllers set them apart from rivals

PlayStation Network (PSN), Sony Interactive Entertainment’s online gaming and digital services platform, faced intermittent disruptions late Saturday into early Sunday, affecting players on PS5 and PS4 consoles worldwide. As of early Sunday morning, official channels indicate full restoration, though some users continued reporting lingering connectivity hiccups.

The smooth design of the PlayStation controllers set them apart from rivals
AFP

Sony’s PlayStation Service Status page, the company’s primary real-time indicator, declared “All services are up and running” for core functions including account management, gaming and social features, PlayStation Video, PlayStation Store, and PlayStation Direct. No ongoing maintenance, regional outages, or degraded performance appeared listed for major territories as checks were conducted around midnight into March 22.

The issues surfaced prominently on March 21, with Sony acknowledging problems around 4:59 p.m. ET via the status portal. Affected areas primarily included “Gaming and Social,” alongside Challenges, Game Help, Game Streaming, Tournaments, and Trophies. Users described difficulties launching multiplayer games, accessing online features, earning trophies, or signing in consistently. Some reported being kicked from sessions mid-game, particularly in titles reliant on persistent connections such as competitive shooters or live-service experiences.

Downdetector, which compiles user-submitted complaints, reflected elevated reports in the preceding 24 hours, with server connection issues comprising about 41% of feedback, followed by gameplay problems at 21% and login difficulties at 21%. While not reaching the scale of historic global blackouts—such as the infamous 2011 breach or major 2022 events—the spike prompted widespread discussion across gaming communities.

On Reddit, subreddits like r/playstation featured megathreads titled “PSN Outage Megathread – March 21st 2026,” amassing hundreds of comments detailing similar experiences. Users in various regions, from North America to Europe, noted network errors when attempting online play in games like MLB The Show or Diablo 4. Some speculated third-party server involvement, such as EA’s infrastructure, but most tied complaints directly to PSN authentication.

Advertisement

X (formerly Twitter) buzzed with real-time queries and updates Sunday morning. Posts included users asking Grok directly if servers remained down, others venting frustration over interrupted sessions, and confirmations that connectivity fluctuated overnight. One user noted, “PSN has been going up and down for people all night,” while another observed partial recovery in specific games despite broader uncertainty.

Sony provided no detailed public statement beyond the status page update, which later reflected restoration beginning around 10:40 p.m. on March 21 in some time zones. The company often communicates via @AskPlayStation for troubleshooting or @PlayStation for broader announcements, but no fresh posts addressed root causes Saturday or early Sunday. Past incidents have ranged from routine maintenance to external factors like distributed denial-of-service attacks, though no evidence pointed to malice here.

For affected players, basic troubleshooting remained the first line of defense: restarting consoles, verifying internet stability, checking for system software updates, and testing connections directly through console settings (on PS5: Settings > Network > Connection Status > View PlayStation Network Status). Sony advises against repeated login attempts during suspected issues to avoid temporary locks.

The brief disruption arrives amid broader transitions for Sony’s ecosystem in 2026. The company plans to phase out “PlayStation Network” and “PSN” branding entirely by fall 2026—potentially September—to better encompass expanding services like PC ports, cloud gaming, and cross-platform features. Developers received notifications about terminology shifts accompanying a platform update later this year.

Advertisement

Simultaneously, legacy PS4 support continues winding down gradually. Starting spring 2026, new PS4 titles will lose integration with several PSN-linked developer features: Activity Feed, certain web APIs for shared media, title storage options, word filters, and user profiles. Existing games retain functionality, but the change nudges development toward PS5. Rumors of complete PS4 online shutdowns circulated widely on social media and forums, yet Sony issued no such confirmation. Core multiplayer, cloud saves, and store access for PS4 owners are expected to persist for the foreseeable future, mirroring extended support for even older hardware like PS3.

PlayStation Plus subscribers received a small goodwill gesture following a prior recent outage, with automatic five-day membership extensions—no action required. Whether similar compensation follows the March 21 event remained unclear Sunday morning.

The incident underscores ongoing challenges for always-online gaming ecosystems. Millions rely on PSN daily for multiplayer battles, digital purchases, remote play, and social sharing. Even short interruptions disrupt communities, especially during peak weekend hours or live events.

Independent trackers like DownForEveryoneOrJustMe showed no persistent global failure early March 22, aligning with Sony’s all-clear. Isolated complaints likely stem from cascading effects, ISP variances, or device-specific glitches rather than systemic failure.

Advertisement

Gamers facing persistent problems should monitor status.playstation.com directly or consult PlayStation Support. With PS5 sales surpassing 92 million units and the platform maturing into 2026, Sony continues prioritizing reliability amid evolving digital landscapes.

As services stabilize, focus shifts back to upcoming releases, potential hardware refreshes, and the rebranding horizon. For now, PlayStation players appear able to reconnect and resume play without major barriers.

Continue Reading

Business

U.S. Gas Exporters Stand to Be the Big Winners of the Energy Crisis

Published

on

U.S. Gas Exporters Stand to Be the Big Winners of the Energy Crisis

American energy companies are poised to play an even more pivotal role in global flows of liquefied natural gas—and rake in the profits—as Iran targets its neighbors’ exports.

LNG facilities in Qatar, the second-biggest supplier of LNG globally, are expected to be offline for months—and won’t resume production at prewar levels. National oil company QatarEnergy, which had already declared force majeure earlier this month, said strikes by Iran on Wednesday and Thursday caused extensive damage to its Ras Laffan hub.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Volkswagen CEO tells newspaper German carmakers should look to Chinese planning

Published

on

Volkswagen CEO tells newspaper German carmakers should look to Chinese planning


Volkswagen CEO tells newspaper German carmakers should look to Chinese planning

Continue Reading

Business

Potential Qatari asset sales emerge as a necessity to plug 2026 budget gaps

Published

on


Potential Qatari asset sales emerge as a necessity to plug 2026 budget gaps

Continue Reading

Business

Sartorius Aktiengesellschaft (SOAGY) Sartorius Stedim Biotech S.A. – Analyst/Investor Day – Slideshow

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Sartorius Aktiengesellschaft (SOAGY) Sartorius Stedim Biotech S.A. – Analyst/Investor Day – Slideshow

Continue Reading

Business

Australian Foundation Investment Co (AFOVF) Mirrabooka Investments Limited, AMCIL Limited, Djerriwarrh Investments Limited – Shareholder/Analyst Call – Slideshow

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Australian Foundation Investment Co (AFOVF) Mirrabooka Investments Limited, AMCIL Limited, Djerriwarrh Investments Limited – Shareholder/Analyst Call – Slideshow

Continue Reading

Trending

Copyright © 2025