Dabur slips over 3% on weak earnings guidance due to Nepal unrest

NEW DELHI: Shares of Dabur India slipped over 3 per cent in Friday's trade after the company provided weak guidance for the Q3 on continuing political unrest in Nepal.

In a statement released to BSE, the personal products company said, "There is no improvement in the eco-political situation in Nepal till date and the India-Nepal border continues to remain closed."

Reacting to the development, the scrip slumped 3.41 per cent to hit a low of Rs 268.45. In its guidance for the forthcoming quarter, the company said, "We have lost some part of juice sale in October and November, 2015 and estimated juice sale during Q3 of FY 2015-16 will be lower by 10-15% vs previous year. This is a one-time issue beyond our control, and will have a near-term impact on performance in Q3 of FY 2015-16."