Stocks

Dabur Q2 earnings: FMCG major announces 250% dividend for FY23

Largecap FMCG and personal care company while announcing its quarterly results for the September quarter today, has announced a 250% interim dividend for FY 2023. The dividend amount is Rs 2.5 per share having face value of Re 1 apiece.

The company has posted its Q2 results largely in line with the estimates. Its consolidated PAT came in at Rs 490 crore versus Rs 504 crore in the same quarter last year. Its consolidated revenue for the period under review stood at Rs 2,986 crore as against Rs 2,818 crore in the same period last year.

The entity’s EBITDA came in at Rs 600 crore as against Rs 620 crore in the same quarter last year. Also, its margin saw a tad decline to 20.1% from 22% YoY.

The company had announced November 4, 2022, as the record date for the dividend. The last date to buy the shares to be eligible for the dividend payment is before the ex-dividend date, November 3.

Dabur has announced 47 dividends since May 2001, Trendlyne data showed. In the last fiscal year, it announced a total dividend of 520.00% amounting to Rs 5.2 per share. At the current share price of Rs 532.15, this means a dividend yield of 0.98%. It is looking to buy majority stake in Badshah Masala. It plans to acquire 51% of the equity share capital of Badshah Masala now and balance 49% after a period of five years. The acquisition is subject to the fulfilment of various terms and conditions as specified in the SPA and the SHA, said the company filing with the exchanges.

The shares of

closed at a price of Rs 532.15 apiece on the NSE.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button