Dabur India surges 5% after Q3 result beats Street estimates

The management, however, said the near-term outlook for demand growth remains challenging with most key categories reporting a steady decline in value and volume growth.

Shares of Dabur India surged 5 per cent to Rs 502 on the BSE on Friday in an otherwise weak market after the company reported better-than-expected financial performance for December quarter (Q3FY20) led by domestic volume growth, international business and higher gross margins. In comparison, the S&P BSE Sensex was down 0.50 per cent or 205 points at 40,708 at 11:52 am.

The stock of personal products maker had hit an all-time high of Rs 506 on Monday, January 27. Thus far in January, it outperformed the market by surging 10 per cent, against 1 per cent decline in