{"id":75391,"date":"2022-11-29T12:55:00","date_gmt":"2022-11-29T07:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=75391"},"modified":"2022-11-29T13:53:56","modified_gmt":"2022-11-29T08:23:56","slug":"fmcg-stock-gains-6-as-it-plans-to-become-national-player-in-spice-industry","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-gains-6-as-it-plans-to-become-national-player-in-spice-industry\/","title":{"rendered":"FMCG Stock gains 6% as it plans to become national player in spice industry"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2807779246\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Dabur India Ltd opened at Rs 559 on Tuesday and gained approximately 6 per cent to trade at Rs 590 levels. The stock is currently trading near its 52-week high of Rs 602.50 which it reached in August this year.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3526963694\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Last month, the company acquired a 51 per cent stake in Badshah Masala for a cash consideration of Rs 587.5 crore. The acquisition is expected to be completed before March 31, 2023.\u00a0<\/p><p>The stock gained overnight after its Chairman, Mohit Burman said in an exclusive interview with Business Today TV that the FMCG major is aiming to double its turnover in the next three years and become a national player in the spices business.&nbsp;<\/p><p>The Indian spices market had reached a size worth Rs 1,42,569 Crores in FY21. Further, IMARC Group expects the market to reach Rs 2,70,928 Crores by FY27, a CAGR of 11.15%.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3337090973\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Dabur India is one of the leading fast-moving consumer goods (FMCG) players dealing in consumer care and food products. In addition to that, Dabur stands as India\u2019s most trusted name and the world\u2019s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal\/Ayurvedic products.&nbsp;<\/p><p>In Q2FY23, the company reported a total revenue of Rs 2,986 crore which increased marginally from Rs 2,817 crore Year on Year (YoY) and from Rs 2,822 crore Quarter on Quarter (QoQ).&nbsp;<\/p><p>Their net profit in the quarter stood at Rs 491 crore which declined from Rs 505 crore in Q2FY22. However, compared on a QoQ basis, their profits increased from Rs 441 crore.&nbsp;<\/p><p>The company has a market capitalization of Rs 1,04,463 crore and a dividend yield of 0.88% as on November 29th, 2022.&nbsp;<\/p><p>The promoters hold a 67.24 per cent stake in the company with zero shares pledged. Foreign Institutional Investors (FIIs) hold a 20.24 per cent stake in the company.\u00a0<\/p><p><strong>Written by Anoushka Roy<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2539236525\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3526997\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Dabur India Ltd opened at Rs 559 on Tuesday and gained approximately 6 per cent to trade at Rs 590 levels. The stock is currently trading near its 52-week high of Rs 602.50 which it reached in August this year.\u00a0 Last month, the company acquired a 51 per cent stake in Badshah [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":75393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-75391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FMCG Stock gains 6% as it plans to become national player in spice industry - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/fmcg-stock-gains-6-as-it-plans-to-become-national-player-in-spice-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMCG Stock gains 6% as it plans to become national player in spice industry\" \/>\n<meta property=\"og:description\" content=\"The shares of Dabur India Ltd opened at Rs 559 on Tuesday and gained approximately 6 per cent to trade at Rs 590 levels. 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