270% Dividend In Q4: FMCG Co To Consider Interim Dividend On Nov 2

Large cap FMCG sector company, Dabur India Ltd informed that it will consider declaration of interim dividend along with unaudited financial results on November 2, 2023 for the quarter ending September 30, 2023, according to its BSE filing. Last trading price of Dabur India share is Rs 551.55 per share with intraday gain of 0.66%. Dabur India shares gained 3% in last 6-months and fell over 2% in last 2-weeks. Check details below pertaining to the stock and announcements it made today:

Dabur India To Soon Declare Interim Dividend & Result On November 2: As per Dabur India's regulatory filing dated September 29, "Pursuant to provisions of Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 2nd November 2023 to inter alia, consider and approve the unaudited financial results for the quarter/half year ending on 30th September 2023 and to consider declaration of interim dividend on the equity shares of the Company for the Financial Year 2023-24."

Dabur India Stock Performance & Return Over Years: Last trading price of Dabur India share is Rs 551.55 per share on BSE. Its 52-week high price is Rs 610.40 per share and 52-week low price is Rs 504.00 apiece, respectively. It has a market capitalisation of Rs 97,736.57 crore. Dabur India shares declined 3.98% in last 3-months, fell 4.16% in last 1-year, slipped 11.48% in last 2-years, offered return of 10.99% in last 3-years, and soared 28% in last 5-years. Dabur India stock surged 224% in last 10-years.

Dabur India Q4 Dividend: The company on May 4, 2023 recommended a final dividend of Rs 2.70 per equity share with face value of Re 1/- each (270%) for the financial year 2022-23. Dabur India shares traded ex-dividend on July 21, 2023. Dabur India announced 47 dividends since May 23, 2001. In last 12 months, the company announced an equity dividend amounting to Rs 5.20 per share. If current market price of Dabur India share is taken into consideration, it offers a dividend yield of 0.94%, according to Trendlyne.

Dabur India Valuation: Brokerage firm HDFC Securities, in its brokerage report dated September 18, 2023, assigned "add" call to Dabur India shares with target price of Rs 650 apiece. The analyst said, "We believe our estimates are already in line; however, if Dabur can achieve the margin and growth targets, it would justify our rerating argument. We do not expect price cuts to impact Dabur's revenue growth in FY24, unlike its peers. We maintain our EPS estimates and value the stock at 45x P/E on Sep-25EPS to derive a target price of INR 650. Maintain ADD."

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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