Today, Dabur India Ltd reported a 2.85 per cent yearly which declines its consolidated net profit to Rs 490.86 crore in Q2FY23 from Rs 505.31 Crore reported in Q2FY22.

The revenue from operations rose 6 per cent to Rs 2,986.49 crore in the second quarter of FY23 compared to Rs 2,817.58 crore recorded in FY22. The revenue growth stood at 8.5 per cent on a constant currency basis. On a consolidated basis, revenue for the quarter reported a 3-year CAGR of 10.5 per cent.

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Badshah Masala Private Limited Managing Director Hemant Jhaveri said: ‘We are delighted to enter into a strategic partnership with Dabur. Dabur stands for Trust and Heritage, and joining hands with Dabur will help drive the future growth potential of Badshah on a stronger trajectory. Our companies are a great fit. This transaction will enable us to accelerate our growth by adding our products to Dabur’s broad portfolio to meet the needs of consumers across geographies.”

Dabur India’s shares closed at Rs 532.50 per share went down by 0.81 per cent from the previous close of Rs 536.85.