Large Cap FMEG Giant Sets February 1, 2024 As Record Date For Dividend; Check Important Details Here

The share price of large-cap stock Havells India Ltd operating in the consumer durables sector remained in focus on Tuesday (Jan 16, 2024) as the company announced the record date for dividend. At 3:31 pm IST today, Havells India shares were trading 0.76% lower at Rs 1429.10 per share. At this price, the company has a market capitalization of Rs 89,559.27 crore. The stock has a 52 Wk High and 52 Wk low of Rs 1,471.75 and Rs 1,128.10 respectively. Havells India Ltd belongs to the fast-moving electrical goods segment.

In a corporate filing on Tuesday, the company set February 1, 2024, as the Record Date to determine the entitlement of Interim Dividend, if any, declared by the Board of Directors, in its Meeting to be held on 23rd January 2024.

In a BSE filing on January 15, 2024, Havells India said that the company's Board of Directors will meet on January 23, 2024, inter alia, to consider and approve - Standalone and Consolidated Un-Audited Financial Results of the Company for the third quarter and nine months ended 31st December 2023. - payment of Interim Dividend to the shareholders of the Company.

The company said, "HAVELLS INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/01/2024 ,inter alia, to consider and approve - Standalone and Consolidated Un-Audited Financial Results of the Company for the third quarter and nine months ended 31st December, 2023. - payment of Interim Dividend to the shareholders of the Company."

Havells India shares soared 7.41% in the last one month and surged 11.54% in the last 6 months.

Havells India Stock Performance & Return

Havells India shares zoomed 21.35% in the last 1 year, gained 6.26% in last 2-years, and rose 46% in last 3-years. In last 5-years, Havells India stock surged 109.18%. In last 10 years, Havells India shares zoomed 806.85%.

Havells India Financials:
For the quarter ended September 30, 2023, the company declared its net profit at Rs 249.1 crore, up 33.2% YoY as against the net profit of Rs 187 crore declared in the corresponding quarter of last, as per the regulatory filing. The company's total revenue stood at Rs 3,900.3 crore for the quarter, up 6% against Rs 3680 crore in the similar quarter of last year.

About Havells India:
Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. Havells enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications.