Dabur India will report its fourth-quarter earnings on Thursday and analysts expect the consumer products maker to post subdued results this quarter.

The earnings expectations are likely to be subdued for a couple of reasons: Firstly, there was rural slowdown which led to sluggish demand.

Secondly, there were liquidity conditions or liquidity squeeze conditions which affected the wholesale channel as well as the dealer channel.

The street is working with revenue growth of just about 8-8.5 percent. On the topline, we are working with a number of around Rs 2,200 crore odd.

The EBITDA likely to grow just by 6 percent, so maybe the margins will come off by a bit. We expect a margin number of 23.3 percent which is a 30-40 bps decline year-on-year and the net profit on the back of that is likely to grow by 6 percent. The number we are working with is Rs 421 crore.