Home Business Dabur shares closed with gains of 3% after Badshah Masala acquisition

Dabur shares closed with gains of 3% after Badshah Masala acquisition

The acquisition is likely to be completed before March 31, 2023. (file)

Shares of packaged goods company Dabur closed with a gain of 3.54 per cent on Thursday. After the announcement of the acquisition of Badshah Masala, the company’s share prices registered a rise. The brand has been an established player in the manufacturing, marketing and export of Spices, Mixed Spices and Seasonings.

The acquisition is likely to be completed before March 31, 2023. After opening at Rs 541.50, Dabur shares saw a decline in the opening hours of trading but soon gained momentum and closed around their intraday-high.

Dabur will acquire 51 per cent initially and the remaining amount over a period of five years.

“At the cost of acquisition of 51 per cent equity shareholding at Rs 587.52 crore less proportionate debt has been agreed (100 per cent enterprise valuation is Rs 1,152 crore which translates into a revenue multiplier of approximately 4.5x and EBIDTA multiplier of approximately 19.6) for FY2022-23 x of projected financials),” the company said in a . Press release.

Dabur also achieved 95 per cent market share in its portfolio in the second quarter of FY23.

Dabur’s international trade, led by strong currency growth in Turkey, Nepal and Egypt informed of A jump of 12.3% in constant currency terms.

The company reported consolidated quarterly revenue of Rs 2,986.5 crore, an increase of nearly Rs 169 crore over the corresponding quarter of the previous fiscal. Dabur ended the quarter with a net profit of Rs 490.1 crore.

The Board of Directors of Dabur India has also declared an interim dividend of Rs 2.50 per share for the current financial year.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)


Ashneer Grover, Madhuri Jain summoned in legal battle with BharatPe

<!-- -->Ashneer Grover resigned from BharatPe in March. (file)New Delhi: The Delhi High Court today issued summons to former BharatPe MD Ashneer Grover...

Air India’s $400 million upgrade includes premium economy area

<!-- -->Air India said it has engaged JPA Design to assist with the cabin interior design. (File)Mumbai: Full-service carrier Air India today said...

Inox GFL Group raises Rs 1,500 crore, moves towards zero net debt

<!-- -->Rs 740 crore was raised through the IPO of Inox Green Energy Services. (File)Noida: Inox GFL Group on Thursday said it has...


Please enter your comment!
Please enter your name here

Most Popular

Sukhoi, Mirage fighter jet crash near Gwalior, 1 pilot killed

<!-- -->Videos shot by locals in Morena showed the wreckage of the plane lying on the ground.Bhopal: Two Indian Air Force fighter jets -...

The lover sneaked to her house to meet her, the villagers caught them and got them married

Two people in love cannot stay away from each other. Now that mobile phones have arrived, both are constantly in touch with each...

U19 Women’s T20 WC: India To Face England In Title Clash On Sunday | cricket news

The first-ever final at an ICC U19 Women's T20 World Cup will feature India battling England for the title at Senwes Park, Potchefstroom on...

Screening of Shah Rukh Khan’s DDLJ and Pathan together in Mumbai, fans said – If you don’t get tickets for one, then look for...

read on the appPathan's craziness is raising his head on the people. This can be ascertained from the fact that the film is...

Recent Comments