At 10.14 am, the share price of Dabur was trading 3 per cent down at Rs 269.60. (Photo:PTI)
Dabur share price fell as much as 3.5 per cent in the early trade on Friday after the FMCG major on Thursday informed BSE that its juice sales are likely to dip 10-15 per cent in October-November due to disruption of supplies from its plant in Nepal.
At 10.14 am, the share price of Dabur was trading 3 per cent down at Rs 269.60. The scrip opened at Rs 269.80 and had touched a high and low of Rs 272.60 and Rs 268.10, respectively, in trade so far. Sensex was down 167.28 points, or 0.65 per cent, at 25,719.34.
In a BSE filing, the company said, “We have lost some part of juice sale in October and November, 2015 and estimated juice sale during Q3 of FY2015-16 will be lower by 10 to 15 per cent against previous year. This is a onetime issue beyond our control and will have a near term impact on Q3 FY2015-16 performance,” Dabur said in a BSE filing.
There is no improvement in the eco-political situation in Nepal till date and the India-Nepal border continues to remain closed, it added.
Dabur has a plant at Birgunj in Nepal, which is currently catering only the domestic market there as it is unable to send supplies across the border.
The company said it has made alternate arrangements to overcome the hurdle.
“We had already ramped up the production of juices in Sri Lanka and Newai, Rajasthan and have also engaged with third parties to cater to our demand requirement for the month of December and going forward,” Dabur said.
In the past three months, Dabur India shares fell 2.51 per cent to Rs 277.95 on December 3. The scrip was at Rs 285.10 on September 3. Sensex gained marginally 0.47 per cent during the same period.
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