 "Dabur India dips on Q3 warning")
Dabur India has dipped 3% at Rs 268, extending its previous day’s 2% fall on the BSE, after the company said that it is expecting its juice sales to dip 10-15% cent in October-December (Q3FY16) quarter due to disruption of supplies from its plant in the Nepal.
“We have lost some part of juice sale in October and November, 2015 and estimated juice sale during Q3 of FY 2015-16 will be lower by 10-15% vs previous year as there is no improvement in the eco-political situation in Nepal till date and the India- Nepal border continues to remain closed,” Dabur India said in a regulatory filing.
This is a onetime issue beyond our control and will have a near term impact on Q3 FY 2015-16 performance. However we should be able to get back on track in Q4 FY 2015-16, it added.
The company said it had already ramped up the production of juices in Sri Lanka & Newai, Rajasthan and have also engaged with third parties to cater to our demand requirement for the month of December and going forward.
On the overall implications of the situation, the company said depending upon the timing of opening of the border, the impact on inventory and other cost will be evaluated. Dabur’s food business accounts for 18% of its sales.
“We have lost some part of juice sale in October and November, 2015 and estimated juice sale during Q3 of FY 2015-16 will be lower by 10-15% vs previous year as there is no improvement in the eco-political situation in Nepal till date and the India- Nepal border continues to remain closed,” Dabur India said in a regulatory filing.
This is a onetime issue beyond our control and will have a near term impact on Q3 FY 2015-16 performance. However we should be able to get back on track in Q4 FY 2015-16, it added.
The company said it had already ramped up the production of juices in Sri Lanka & Newai, Rajasthan and have also engaged with third parties to cater to our demand requirement for the month of December and going forward.
On the overall implications of the situation, the company said depending upon the timing of opening of the border, the impact on inventory and other cost will be evaluated. Dabur’s food business accounts for 18% of its sales.