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Demonetisation hits Dabur India, Q3 net down 7.3%

Demonetisation hits Dabur India, Q3 net down 7.3%

Tuesday, January 31, 2017, 5:53 PM

Dabur India Ltd reported a 7.3% dip in consolidated net profit in the quarter ended 31 Dec as sales dipped 6% compared to the corresponding period a year ago.“The wholesale trade was severely impacted by demonetization, and we had witnessed a massive amount of destocking across the entire trade channel,” Dabur India chief executive officer Sunil Duggal said in a statement.
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