Dabur’s manufacturing facilities in Nepal not impacted by floods

Mumbai, Aug 27 (IANS) Dabur India said on Thursday that its core manufacturing operations in Nepal have not been adversely impacted by the devastating floods that have hit the Himalayan country.

In a regulatory filing with the stock exchanges, Dabur said its manufacturing facilities in Nepal continue to function normally despite the adverse weather conditions.

The company has operations in Kathmandu and Birganj, two key locations for its Nepal business.

While some disruption is expected at the distributor level, Dabur said the impact is limited.

According to the company, the operations of only three distributors are expected to be impacted by the floods.

Dabur therefore expects the overall impact of the Nepal floods on its business to be negligible.

Dabur’s disclosure comes as businesses across the region continue to assess the impact of flooding and related disruptions on supply chains, distribution networks and local operations.

Devastating flash floods struck Nepal on Wednesday, in which more than 300 people have been killed and up to 800 people reported missing.

As per the US Geological Survey, the floods were caused by glacier collapse and debris flow.

Nepal’s Foreign Minister Shisir Khanal said on Thursday that at least 300 Indian nationals, mostly Manasarovar pilgrims, remained missing.

Dabur shares closed 1.53 per cent higher at Rs 386.20 per share on Thursday.

Dabur saw a 15 per cent rise in its consolidated net profit to Rs 591 crore, according to financial results data with regards to the quarter ended June 30.

The company’s profit in the preceding financial year was Rs 514 crore for the same aforementioned time period.

The firm’s revenue saw a 10.5 per cent uptick to Rs 3,764 crore, compared to Rs 3,405 crore in the year-ago period.

The Ebitda (earnings before interest, taxes, depreciation and amortisation) was up 10.9 per cent to Rs 741 crore from Rs 668 crore in the previous fiscal.

The Ebitda margin contracted to 19.7 per cent from 19.6 per cent.

–IANS

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