Rs 2.50/Share Dividend: Small Cap FMCG Stock Sets Nov 28 As Record Date

Small cap FMCG sector company, Milkfood Ltd on Thursday fixed November 28, 2023 as record date for interim dividend. Board of directors of the company today held a meeting and approved payment of Interim Dividend @ 25% i.e. Rs. 2.50 per equity share of Rs. 10/- each fully paid-up on the equity shares of the company for the financial year 2023-24. Milkfood shares fell over 3% in last 6-months and gave return of 60% in last 2-years. Check details below:

Milkfood Approves Interim Dividend, Sets Record Date: According to the regulatory filing of the company issued today, "Pursuant to Regulation 30 & 43 (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. 16.11.2023 have approved payment of Interim Dividend @ 25% i.e. Rs. 2.50 per equity share of Rs. 10/- each fully paid-up on the equity shares of the Company for the Financial Year 2023-24."

The Board of Directors of the Company have fixed Tuesday, 28th November, 2023 as Record date for the purpose of determining the names of the members who will be entitled to receive the interim dividend.

Milkfood Stock Performance & Return: Last trading price of Milkfood share on BSE is Rs 582.55 per share with intraday fall of 0.43%. Its 52-week high price is Rs 728.00 per share and 52-week low price is Rs 501.00 per share, respectively. The company has a market capitalisation of Rs 284.51 crore. Milkfood shares soared over 1% YTD and gained 60% in last 3-years.

Milkfood Q2 Result: The company for the quarter ended September 30, 2023 announced its net sales at Rs 105.80 crore, up 2.32% as compared to Rs 103.40 crore in September 2022. Its quarterly net profit was declared at Rs 3.45 crore in September 2023, down 30.02% from Rs 4.93 crore declared in September 2022. The company EBITDA stood at Rs 8.41 crore in September 2023, down 15.73% from 9.98 crore declared in the corresponding quarter of last year. The company's EPS declined to Rs 7.06 in September 2023 from Rs 10.08 in September 2022.

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