Dabur India proclaims interim dividend of Rs 2.50 per share; key particulars

Dabur India, a daily dividend payer, on Wednesday introduced an interim dividend of Rs 2.5 per share, aggregating Rs 442.94 crore. The file date for a similar has been mounted at November 4. The dividend will probably be paid on November 17.

Dabur India had introduced a remaining dividend of Rs 2.70 per share for FY22 in July, along with an interim dividend of Rs 2.50 per share. Within the previous monetary yr, the FMCG agency introduced a complete dividend of Rs 4.75 per share.

“Pursuant to Laws 30 and 43 of the Itemizing Laws, we want to inform you that the board of administrators of the corporate in its assembly held right now have declared interim dividend of Rs 2.5 per fairness share having face worth of Re. 1/- every (i.e. 250 per cent) for the monetary yr 2022-23,” Dabur India mentioned in a BSE submitting on Wednesday.

Earlier right now, the FMCG main reported a 2.8 per cent year-on-year (YoY) fall in internet revenue at Rs 490.10 crore for the September quarter towards Rs 504.40 crore within the corresponding quarter final yr.

Income from operations for the quarter rose 6 per cent YoY to Rs 2,986.50 crore from Rs 2,817.60 crore within the corresponding quarter final yr, Dabur India mentioned.

Ebitda margin for the quarter fell to 24.2 per cent from 26 per cent within the year-ago quarter.

In the meantime,  Dabur India additionally introduced the acquisition of a 51 per cent stake in Badshah Masala for Rs 587.52 crore at an enterprise worth of Rs 1,152 crore.