Dabur, Tata Chemicals and United Spirits Result update for Q2FY23

Posted by : Sheen Hitaishi | Fri Oct 28 2022

Dabur, Tata Chemicals and United Spirits Result update for Q2FY23

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 Rs 2,986.49 crore during Q2FY23 against Rs 2,817.58 crore recorded in Q2FY22.
  • Dabur reported a 2.85% YoY decline in its consolidated net profit to Rs 490.86 crore for the Q2FY23 from Rs 505.31 Cr reported in Q2FY22.
  • Consolidated Revenue for the quarter reported a 3-year CAGR of 10.5%.
  • The Foods & 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.
  • 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 Rs 500 crore in three years and develop into new adjacent categories, which is in line with this acquisition.

Management Speak

Dabur India Ltd Chief Executive Officer Mr. Mohit Malhotra said, “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”

You may also like: Bajaj Auto Q2FY23

Tata Chemicals

  • Tata Chemicals consolidated revenue from operations stood at Rs 4,239 crore, up 40% YoY, as compared to Rs 3,022 crore for Q2FY22.
  • Consolidated PAT (Profit After Tax) from continuing operations was Rs 685 crore in Q2FY23 as compared to Rs 248 crore in Q2FY22.
  • Soda ash prices continue to remain robust across geographies resulting in improved realisations in the US, UK, and Kenya.
  • 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 (“ANSAC”). This transition is part of Tata Chemicals’ approach to build a world-class integrated customer centric organization, from its locations in India, the UK, Kenya, and the USA.
  • 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.

Management Speak

Commenting on the results, Mr. R. Mukundan, Managing Director & CEO of Tata Chemicals Ltd., said, “We 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.”

BEL (Bharat Electronics Ltd)

  • During Q2FY23, BEL achieved a turnover of Rs. 3,896.20 crores as against Rs. 3,622.42 crores recorded in Q2FY22.
  • Profit After Tax (PAT) stood at Rs. 611.05 crores in Q2FY23 as against Rs. 612.60 crores recorded in Q2FY22.
  • Profit Before Tax (PBT) stood at Rs. 824.86 crores in Q2FY23 as against Rs. 827.74 crores recorded in Q2FY22.
  • The order book position of the company as of October 1st, 2022 stood at Rs. 52,795 crores.

Management Speak

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.

ABOUT THE AUTHOR

Ketan Sonalkar (SEBI Rgn No INA000011255

Ketan Sonalkar is a certified SEBI registered investment advisor and head of research at Univest. 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.

Note – This channel is for educational and training purpose only & any stock mentioned here should not be taken as a tip/recommendation/advice

You may also like: Nestle Q3CY22 results

icon

100% Safe & Secure Platform.

Univest encrypts all data and transactions to ensure a completely secure experience for our members.

Copyright

2025 Univest. All rights reserved. | Designed with ❤️ in India
About Univest
About: Univest is a cutting-edge stock market platform designed to help traders and investors maximize their returns with expert-driven advisory services and seamless trading execution. Whether you're a seasoned trader or just starting, Univest simplifies your investment journey with actionable trade recommendations, AI-powered portfolio insights, and a fully integrated brokerage experience. With Univest, you gain access to proven stock market advisory, offering expert trade ideas for stocks, futures, options, and commodities. Our one-click trade execution feature eliminates slippage, ensuring instant execution through our advisory-first brokerage. Smart portfolio management allows you to identify underperforming stocks, optimize your investments, and receive real-time alerts. Additionally, Univest provides seamless investment opportunities beyond stocks, including mutual funds, bonds, fixed deposits, and insurance (coming soon). Join over 40 lakh active investors who trust Univest to make informed and profitable trading decisions. Start investing smarter today! 🚀  
Attention Investors : To ensure a smooth trading experience and prevent unauthorized transactions, investors must update their mobile number and email ID with their stockbroker or depository participant. As per regulatory requirements, investors are required to pay a stipulated amount as an upfront margin for trading in the Cash/FO segment. We encourage all investors to regularly check their securities in the Consolidated Account Statement (CAS) issued by depository to verify their holdings.Always verify alerts and transaction details received directly from the exchange or NSDL before proceeding with any trades. Please do not make payments through unverified email links, WhatsApp, or SMS. Always trade through a registered stockbroker and verify all details before making financial decisions.
 
Disclaimer: Investments in the securities market are subject to market risks. Please read all related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. For more disclaimer /disclosure, visit https://univest.in/stock-broker or Univest App.We collect and use your contact information for legitimate business purposes, including providing updates on our products and services. We do not sell or rent your contact information to third parties. By submitting your details, you authorize us to contact you via Call/SMS, even if you are registered under DND. This authorization remains valid for 12 months.For grievances, please contact us at hello@unibrokers.in .
 
Univest Stock Broking Disclosures
Univest Stock Broking Private Limited - SEBI Reg. No. INZ000317437 (Stock Broker), NSE TM Code: 90392, BSE TM Code: 6866, MCX TM Code: 57290 and ICCL- Self Clearing Member Code: 6866, SEBI Reg. No. IN-DP-779-2024 (Participant), NSDL DP ID: IN304748.
 Risk Disclosures on Derivatives
1. 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
2. On an average, loss makers registered net trading loss close to ₹ 50,000
3. Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
4. Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Attention Investors: As per NSE circular dated July 6, 2022: https://nsearchives.nseindia.com/content/circulars/INSP52900.pdf, BSE circular dated July 6, 2022: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220706-55, MCX circular dated July 11, 2022: https://www.mcxindia.com/docs/default-source/circulars/english/2022/july/circular-418-2022.pdf?sfvrsn=9401991_0, investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. 
Investors are further cautioned to avoid practices like:
a. Sharing 
i) trading credentials – login id and passwords including OTPs.
ii) trading strategies,
iii) position details.
b. Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c. Writing/ selling options or trading in option strategies based on tips, without basic knowledge and understanding of the product and its risks.
d. Dealing in unsolicited tips through platforms like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e. Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.
 Kindly read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets: https://nsearchives.nseindia.com/content/circulars/INSP49434.pdf
Kindly, read the advisory as prescribed by the Exchange with reference to their circular: NSE/ISC/51035 dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: https://www.nseindia.com/resources/exchange-communication-circulars# 
Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from NSDL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (Broker, DP), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Univest Stock Broking Private Limited and offering such services, please send us an email at hello@unibrokers.in
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number. Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL every month.
Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the- indian-securities-market_74794.html. ODR portal for Investors - https://smartodr.in/login.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.
General
arrow down