{"id":12499,"date":"2022-10-28T11:18:35","date_gmt":"2022-10-28T05:48:35","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=12499"},"modified":"2022-11-16T17:30:51","modified_gmt":"2022-11-16T12:00:51","slug":"dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/","title":{"rendered":"Dabur, Tata Chemicals and United Spirits Result update for Q2FY23"},"content":{"rendered":"<p>Results were declared on 26th and 27th October 2022 for Dabur, Tata Chemicals, and United Spirits respectively.<\/p>\n<p>Here are some of the key takeaways from the Q2FY23 results:<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/#Dabur\" title=\"Dabur\">Dabur<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/#Management_Speak\" title=\"Management Speak\">Management Speak<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/#Tata_Chemicals\" title=\"Tata Chemicals\">Tata Chemicals<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/#Management_Speak-2\" title=\"Management Speak\">Management Speak<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/#BEL_Bharat_Electronics_Ltd\" title=\"BEL (Bharat Electronics Ltd)\">BEL (Bharat Electronics Ltd)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/#Management_Speak-3\" title=\"Management Speak\">Management Speak<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/dabur-tata-chemicals-and-united-spirits-result-update-for-q2fy23\/#ABOUT_THE_AUTHOR\" title=\"ABOUT THE AUTHOR\">ABOUT THE AUTHOR<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Dabur\"><\/span>Dabur<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Dabur reported a 6% YoY growth in consolidated revenue to\u00a0Rs 2,986.49 crore during Q2FY23 against\u00a0Rs 2,817.58 crore recorded in Q2FY22.<\/li>\n<li>Dabur reported a 2.85% YoY decline in its consolidated net profit to\u00a0Rs 490.86 crore for the Q2FY23 from\u00a0Rs 505.31 Cr reported in Q2FY22.<\/li>\n<li>Consolidated Revenue for the quarter reported a 3-year CAGR of 10.5%.<\/li>\n<li>The Foods &amp; Beverages division of Dabur recorded a robust 30% growth. While the Foods business recorded a 21% gain, the beverages business completed the quarter with a spike of over 30%. The Home Care sector saw growth of about 21%, while the Toothpaste sector had over 11% growth.<\/li>\n<li>Dabur announced that it has signed definitive transaction agreements to acquire 51% shareholding of Badshah Masala Private Limited for Rs 587.52 crore. The strategic objective of Dabur is to grow its food business to\u00a0Rs 500 crore in three years and develop into new adjacent categories, which is in line with this acquisition.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak\"><\/span>Management Speak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Dabur India Ltd Chief Executive Officer Mr. Mohit Malhotra<\/strong> said,\u00a0&#8220;While the challenging economic environment continued to be a concern and impacted the purchasing power, we are seeing green shoots of recovery with the onset of the festive season. The impact of inflationary pressures was more pronounced in the Rural markets with demand growth in hinterland lagging Urban markets for the first time in five quarters. However, we are hopeful of rural demand reporting a smart recovery in the coming quarters and we are investing ahead of the curve to ride this demand recovery by expanding our rural footprint by adding nearly 9,000 villages in Q2 of 2022-23 to take our total coverage to over 100,000 villages&#8221;<\/p>\n<p style=\"text-align: right;\"><em>You may also like: <a href=\"https:\/\/univest.in\/blogs\/bajaj-auto-q2fy23-results-above-expectation\/\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Bajaj Auto Q2FY23&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:769,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:3,&quot;12&quot;:0}\">Bajaj Auto Q2FY23<\/span><\/a><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Chemicals\"><\/span>Tata Chemicals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Tata Chemicals consolidated revenue from operations stood at Rs 4,239 crore, up 40% YoY, as compared to Rs 3,022 crore for Q2FY22.<\/li>\n<li>Consolidated PAT (Profit After Tax) from continuing operations was Rs 685 crore in Q2FY23 as compared to Rs 248 crore in Q2FY22.<\/li>\n<li>Soda ash prices continue to remain robust across\u00a0geographies resulting in improved realisations in the US, UK, and Kenya.<\/li>\n<li>Tata Chemicals (Soda Ash) Partners, the US subsidiary, has entered into a multi-year Logistics Services and Membership Withdrawal Agreement with American Natural Soda Ash Corporation (\u201cANSAC\u201d). This transition is part of Tata Chemicals\u2019 approach to build a world-class integrated customer centric organization, from its locations in India, the UK, Kenya, and the USA.<\/li>\n<li>Rallis India recorded a consolidated revenue of Rs 951 crore for Q2FY23, a YoY increase of 31% as compared to Rs 727 crore for Q2FY22.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak-2\"><\/span>Management Speak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Commenting on the results, <strong>Mr. R. Mukundan, Managing Director &amp; CEO of Tata Chemicals Ltd<\/strong>., said,\u00a0\u201cWe continue to work closely with our customers and partners to navigate the challenging global environment. The demand continues to be positive across our products and their applications which has resulted in improved realizations compared to the previous year. We continue our focus on deleveraging and executing expansion projects.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BEL_Bharat_Electronics_Ltd\"><\/span>BEL (Bharat Electronics Ltd)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>During Q2FY23, BEL achieved a turnover of Rs. 3,896.20 crores as against Rs. 3,622.42 crores recorded in Q2FY22.<\/li>\n<li>Profit After Tax (PAT) stood at Rs. 611.05 crores in Q2FY23 as against Rs. 612.60 crores recorded in Q2FY22.<\/li>\n<li>Profit Before Tax (PBT) stood at Rs. 824.86 crores in Q2FY23 as against Rs. 827.74 crores recorded in Q2FY22.<\/li>\n<li>The order book position of the company as of October 1st, 2022 stood at Rs. 52,795 crores.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Management_Speak-3\"><\/span>Management Speak<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In a Press Release along with the Q2FY23 results, the management of BEL stated that it registered a growth of 67% in PAT during the 1st Half of FY 2022-23. Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a Turnover of Rs. 6,959.78 crores, registering a growth of 34.18% during the 1st half of FY 2022-23 over the Turnover of Rs. 5,186.76 crores recorded in the corresponding period of the previous year.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"ABOUT_THE_AUTHOR\"><\/span>ABOUT THE AUTHOR<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Ketan Sonalkar (SEBI Rgn No INA000011255<\/p>\n<p>Ketan Sonalkar is a certified SEBI registered investment advisor and head of research at\u00a0<a href=\"https:\/\/univest.in\/\">Univest<\/a>. He is one of the finest financial trainers, with a track record of having trained more than 2000 people in offline and online models. He serves as a consultant advisor to leading fintech and financial data firms. He has over 15 years of working experience in the finance field. He runs Advisory Services for Direct Equities and Personal Finance Transformation.<\/p>\n<p><em>Note \u2013 This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/em><\/p>\n<p><em>You may also like: <a href=\"https:\/\/univest.in\/blogs\/nestle-india-reported-highest-revenue-and-net-profits-in-last-ten-quarters-in-q3cy22\/\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Nestle Q3CY22 results &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:769,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:3,&quot;12&quot;:0}\">Nestle Q3CY22 results <\/span><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Results were declared on 26th and 27th October 2022 for Dabur, Tata Chemicals, and United Spirits respectively. Here are some of the key takeaways from the Q2FY23 results: Dabur Dabur reported a 6% YoY growth in consolidated revenue to\u00a0Rs 2,986.49 crore during Q2FY23 against\u00a0Rs 2,817.58 crore recorded in Q2FY22. Dabur reported a 2.85% YoY decline<\/p>\n","protected":false},"author":10,"featured_media":26917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[601,361,596,367,602,597,599,600,598],"class_list":["post-12499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-dabur","tag-dabur-india-ltd-share-price","tag-dabur-q2fy23-results","tag-dabur-results","tag-tata-chemicals","tag-tata-chemicals-q2fy23-results","tag-tata-chemicals-results","tag-united-spirits","tag-united-spirits-result-q2fy23"],"metadata":{"_edit_lock":["1668600001:10"],"_edit_last":["10"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_focuskw":["Dabur Q2FY23 results Tata Chemicals Q2FY23 results United Spirits Result Q2FY23"],"_yoast_wpseo_title":["%%title%% Dabur Q2FY23 results Tata Chemicals Q2FY23 results United Spirits Result Q2FY23 %%page%% %%sep%% %%sitename%%"],"_yoast_wpseo_metadesc":["Results were declared on 26th and 27th October 2022 for Dabur, Tata Chemicals, and United Spirits respectively."],"_yoast_wpseo_linkdex":["54"],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_estimated-reading-time-minutes":[""],"_yoast_wpseo_wordproof_timestamp":[""],"_yoast_wpseo_primary_category":["24"],"nectar_blog_post_view_count":["181"],"_thumbnail_id":["26917"],"rank_math_primary_category":["24"],"rank_math_title":["%title% Dabur Q2FY23 results Tata Chemicals Q2FY23 results United Spirits Result Q2FY23 %page% %sep% %sitename%"],"rank_math_description":["Results were declared on 26th and 27th October 2022 for Dabur, Tata Chemicals, and United Spirits respectively."],"rank_math_focus_keyword":["Dabur Q2FY23 results Tata Chemicals Q2FY23 results United Spirits Result Q2FY23"],"rank_math_news_sitemap_robots":["index"],"rank_math_robots":["a:1:{i:0;s:5:\"index\";}"],"rank_math_analytic_object_id":["189"],"post_views_count":["620"],"rank_math_internal_links_processed":["1"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2024\/10\/18181939\/portfolio-5-2.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/12499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=12499"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/12499\/revisions"}],"predecessor-version":[{"id":12500,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/12499\/revisions\/12500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/26917"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=12499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=12499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=12499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}