Dabur India shares down nearly 5% on profit-booking

Shares of FMCG firm Dabur India today slipped by nearly 5% on profit-booking as the company's third quarter results failed to meet market estimates.

At the NSE, the scrip settled 4.65% lower at Rs 159.90.

Dabur's scrip ended at Rs 160.85, down 4.03% on the BSE. During the day, the stock lost 4.5% to Rs 160.05.

"For Q3 FY14 Dabur results were below estimates on the operating profit and bottom-line front," said V Srinivasan, Research Analyst - FMGC, Angel Broking.

According to Rikesh Parikh, VP Institution Corporate Broking, Motilal Oswal Securities Ltd: "Dabur's Q3 results are mixed with good volume growth. However, margins are below estimate."

Dabur India today posted 15.7% increase in its consolidated net profit at Rs 243.6 crore for the third quarter ended December 31, 2013.

The company had posted a net profit of Rs 210.5 crore during the same period of previous fiscal.

Consolidated net sales of the company rose by 16.8% to Rs 1,904.3 crore during the third quarter, as against Rs 1,630.7 crore in the same period of previous fiscal, Dabur India said in a statement.

During the quarter, the company said its health supplements business grew by 9.5%. The air freshener business grew over 27%.