Nestle India recently released their quarter results and announced a good interim dividend to the shareholders. We will share details about Nestle India’s dividend, share market, predictions, and the quarter results below. The company is dealing in a variety of ready-to-eat food products. It has made good revenue and net profits. There is a YoY increase in net profits by 4.4% in the quarter 4. Maggi is one of the top-selling products of the company along with its classic chocolate.
Nestle India Announced Interim Dividend Of ₹7 per share For the Quarter 3 FY24
Nestle India announced an interim dividend of ₹7 per share at the face value of ₹1 each on Wednesday for quarter 4. The company follows a financial year of January to December. Thus it is the fourth quarter of Nestle India. The record date for the dividend will be 15 February 2024. The board of directors gave a green flag to the third interim dividend.
All the members registered in the Registrar of Members will get the dividend for the financial year 2023-2024 from 5 March 2024. A dividend is of different types given to different members of the company. Some are given to the public holding company’s shares while others are given to mere members of the company.
Nestle made a net profit of Rs. 6556 Crore in Q4, with a rise of 4.4%. In the previous year, the company made a net profit of Rs. 628.1 Crore. The company not only increased its profit, they also worked on its revenue equally. The company made a revenue from operations of Rs. 4,600 crore. While in the previous year, it was Rs. 4,256.8 Crore. It made a yearly growth of 8.1% and total sales growth in Q4 of 8.3%. Apart from that, the EBIDTA saw a rise of 10.2%.
Nestle India’s share price is Rs. 2,495.20 per share. It showed a fall of 4.75% in the quarter. The six-month growth was 12.19%. The company has a market capitalization of 2.41 Lakhs Crore. The 52-week high was Rs. 2,769.30 and the 52-week low was Rs. 1,788 per share.
The shares opened at Rs. 2,470 today in the Wednesday session and closed at Rs. 2,456.65 previously. It expects to grow further catching an uptrend. We will provide more updates about its updates shortly. We hope you get enough details about Nestle India above. Stay tuned for more information on our website.