Tata Group Stock Declares 845% Final Dividend, Q4 Net Profit Soars 21%

Large cap Tata Group stock, Tata Consumer Products Ltd declared 845% final dividend on Tuesday. The last trading price of the stock is Rs 734.30 per share on BSE with intraday gain of 0.25%. The stock witnessed a decline of 7% in last 1-year and gave a return of 125% in last 3-years. Check details below:

Tata Consumer Products Declares Dividend: According to the BSE filing of the company, "The Board has recommended a final dividend of Rs. 8.45/- per equity share of Re. 1 each (845%), for the financial year 2022-23. The Dividend, if approved by the members at the ensuing Annual General Meeting, will be paid/dispatched (subject to deduction of tax at source) after the AGM and within 30 days of its declaration."

Tata Consumer Products Q4 Results: Tata Consumer Products Ltd (TCPL) declared a 21.12% jump in the consolidated net profit at Rs 289.56 crore in the fourth quarter ended on March 31, 2023, led by a mixed growth from volume and price in India business, according to a PTI report.

Tata Consumer Products had announced a net profit of Rs 239.05 crore in the January-March quarter a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in its BSE filing dated April 25, 2023.

Its revenue from operations was up 13.96 per cent to Rs 3,618.73 crore during the quarter under review as against Rs 3,175.41 crore in the corresponding period of the preceding fiscal.

Tata Consumer Products Stock Performance & Return: Last trading price of Tata Consumer is Rs 734.30 per share with 52-week high price at Rs 861.35 per share and 52-week low price at Rs 685.00 per share, respectively. The company's market capitalisation is Rs 68,217.33 crore. The stock fell 4% in last 6-months, gave return of 10% in last 2-years, and 125% return in last 3-years. The stock soared 153% in last 5-years.

Disclaimer:The stock declared quarterly results and dividend on April 25. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.