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Kingfisher Brand Stock's Net Profit Up 424%: Final Dividend Of 1050%, Ex-date Soon On Next Week
United Breweries Limited, which is the owner of popular beer brand Kingfisher, announced a final dividend of 1050% on April 26. The dividend's ex-date is coming next week, on August 2. Check the stock performance and financial performance here. The dividend is known as a part of high profits in a certain period, recorded by a listed company, which is offered to the company's shareholders.
Financial result
Recently United Breweries recorded an increase of 424.25% in standalone net profit to Rs. 161.68 crore in Q1FY23, than Rs. 30.84 crore in Q1FY22. The company's profit was at Rs. 162.96 crore in Q4FY22. On the other hand, standalone revenue from operations was at Rs. 5,194.02 crore in Q1FY23 increasing by 95.91% from Rs. 2,651.18 crore in Q1FY22, which has also surged by 41.82%. After the publication of the financial result, investor Radhakishan Damani increased his shareholdings in the company.
In 1915, the company was founded, and now its beer business has shown strong growth. They have a firm distribution network to aid the business across India. Their most popular beer, Kingfisher Premium Lager beer, is currently available in 69 countries and leads the way among Indian beers in the international market.
Company performance on NSE
The current market price of United Breweries Limited stood at Rs. 1,627.00/share on NSE, gaining by 0.53%, till last traded. In the last 5 days, the share price of this company has fallen by 4.15% on NSE, and in the last 1 month, its share price has gained by 11.99%. In the past 6 months, its stock price has surged by 0.48%. In the last 1 year, its share price has gained by 13.89%.
The 52-week high level of this stock is Rs. 1,785.80, and the 52-week low level of this stock is Rs. 1,274.50. This is a mid-cap stock with a market capitalization of Rs. 13,564 crore.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author, are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.
