The profit figure missed ET NOW poll estimate of Rs 391 crore.
Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.
The Board of Directors of the company recommended a final dividend of Rs 1.60 per share for the financial year 2019-20.
The nationwide lockdown resulted in significant reduction in the business operations of the company in terms of sales and production, Dabur India said.
“The management has considered the possible effects that may result from the pandemic on the recoverability/carrying value of the assets. Based on the current indicators of future economic conditions, the management expects to recover the carrying amount of the assets, however, the management will continue to closely monitor any material changes to future economic conditions,” it said in a statement.
Shares of the company dropped 0.88 per cent to Rs 429.45 in the afternoon trade
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