What is driving Dabur India's positive presence at Dalal street today?

Shares of Dabur India Ltd., a top FMCG maker, rose more than 2 percent as the company announced a sharp rise in quarterly profit on the back of a drop in raw material costs.

Dabur said its first quarter profit rose 25 percent to 262 crore rupees from 211 crore rupees in the same quarter a year ago. Sales during April-June gained 11 percent to 2,069 crore rupees from 1,868 crore rupees, the company added.

Dabur added 7.60 rupees, or 2.1 percent, to 294 rupees on the National Stock Exchange, where 21.7 lakh shares were traded compared with a 5-day average of 7 lakh shares.

Dabur’s market capitalisation has surged 48 percent in the past one year to 52,500 crore rupees as investors sought safety in popular brands with predictable revenue and profit streams.

(Image credits: Indiatimes)