2800% Dividend Declared: FMCG Stock Reports 55% Jump In Q4 Profit, Shares Up 122%

Mid cap company from FMCG sector Godfrey Phillips today declared its standalone net profit for the quarter ended March 31, 2024 at Rs 178.42 crore, up 55% YoY as against 115.11 crore declared in the corresponding quarter of last year. Current market price of Godfrey Phillips share on BSE is Rs 3916.20 per share with intraday gain of 1.28%. Godfrey also recommended an attractive dividend of Rs 56 per share of Rs 2/- each for the financial year ended March 31, 2024. Godfrey Phillips shares offered return of 86% year-to-date and soared 122% in last 1-year. Godfrey Phillips today declared highest every dividend. The company has yet to issue record date for dividend. Check key details below:

Godfrey Phillips Recommends Final Dividend: As per the BSE filing of Godfrey dated May 30, 2024, "Final Dividend of 2800% i.e. Rs. 56/- per equity Share of Rs. 2/- each for the financial year ended 31st March 2024, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company ("AGM"). The dividend declared in the AGM will be paid within 30 days from the date of declaration. The date of payment of dividend shall be intimated in due course of time."

Godfrey Phillips Q4 Results: The mid cap FMCG company on May 30, 2024 declared its standalone revenue from operations at Rs 1174.98 crore for the quarter ended March 31, 2024 as against Rs 975.13 crore declared in the corresponding quarter of last year. The company announced its total income for March 2024 quarter at Rs 1272.81 crore as compared to Rs 1019.14 crore in the similar quarter of last year. Total expense of Godfrey for the quarter under review declared at Rs 1043.26 crore from Rs 864.14 crore in March 2023. The company declared its standalone net profit for the quarter ended March 31, 2024 at Rs 178.42 crore as against Rs 115.11 crore in corresponding quarter of last year.

Godfrey Phillips Share Performance: The 52-week high price of Godfrey Phillips share on BSE is Rs 4285.45 per share (as on 17/05/2024) and 52-week low price is Rs 1605.05 per share (as on 25/07/2023), respectively. The company has a market capitalisation of Rs 20,275.03 crore. Godfrey Phillips shares witnessed attractive rally of 93% in last 1-year, gained 227% in last 2-years, and offered return of 331% in last 3-years.

Godfrey Phillips Dividend History: Godfrey Phillips India announced 24 dividends since April 28, 2000. In last 1-year, Godfrey Phillips announced an equity dividend amounting to Rs 44.00 per share. At the current share price of Rs 3916.20 per share, Godfrey Phillips India offers dividend yield of 1.11%.

Godfrey Phillips About: Godfrey Phillips India is one of the largest FMCG companies in the country with many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. Godfrey Phillips India has expanded its product portfolio beyond cigarettes and tobacco and entered India's highly competitive confectionery segment and retail, according to its official website.

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