275% Dividend Declared: Large Cap FMCG Stock Posts 3.29% Surge In Net Profit

Leading large cap FMCG company Dabur India on Thursday declared a surge of 3.29% in its net profit to Rs 507.04 crore for Q2 FY24 against Rs 490.86 crore announced an year ago. Dabur India shares gained 2.56% intraday to end the day at Rs 530.40 apiece. Board of directors of Dabur India also announced an interim dividend of Rs 2.75 per equity share with the face value of Re 1/- each (i.e. 270%) for the financial year 2023-24. Dabur India stock gave return of 4.69% in last 1-week and declined 5.63% in last 1-year. Check details below:

Dabur India Declares Interim Dividend: As per the BSE filing of the company issued today, "Pursuant to Regulations 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs.2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2023-24." The company on October 25 fixed November 10, 2023 as the record date for interim dividend.

Dabur India Financial Results: The company announced a growth of 7.27% in its revenue to Rs 3203.84 crore for the quarter under consideration as compared to Rs 2986.49 crore announced a year ago amid steady performance recorded in both Home & Personal care and HealthCare businesses, as per the regulatory filing.

Dabur India's revenue soared 2.34%, sequentially. Meanwhile, the company's earnings before interest, tax, depreciation and amortization (EBIDTA) declared at Rs 661 crore, up 10 %. EBIDTA margin came at 20.6% as against 20.1% in the year ago period.

"We have witnessed a marked sequential improvement in urban demand, led by new-age channels. While the rural growth still lags urban demand, the gap has reduced. We are increasingly optimistic of the future as we are seeing green shoots of recovery in Rural sentiments. We will continue to invest behind our brands, distribution infrastructure and innovation to deliver volume-led profitable growth," said Mohit Malhotra, Chief Executive Officer, Dabur.

The India Business saw our key brands and products posting category-leading growths with market share gains across 90 percent of our product portfolio. The India FMCG Business ended the second quarter with a Volume Growth of 3 percent, according to Dabur's press release.

Dabur India Stock Outlook & Return: Last trading price of Dabur India share on BSE is Rs 530.40 per share. Its 52-week high price is Rs 610.40 per share and 52-week low price is Rs 504.00 per share, respectively. The company has a market capitalisation of Rs 93,988.72 crore. Dabur India shares fell 5.58% year-to-date, declined again by 5.63% in last 1-year, fell 11.35% in last 2-years, and offered return of 4.79% in last 3-years. In last 5-years, Dabur India stock surged 43.37%.

Dabur India About: Dabur India Limited is a leading Indian consumer goods company with interests in hair care, oral care, health care, skin care, home care and food & beverages. Dabur India Ltd. is one of India's leading FMCG Companies with Revenues of over Rs. 11,530 Crores & Market Capitalization of over Rs. 96,500 Crore. Building on a legacy of quality and experience of over 139 years, Dabur is today India's most trusted name and the world's largest Ayurvedic and Natural Health Care Company, according to its official website.

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