Rs 14.25 Dividend By Maggie Parent Company; Net Profit Up 6%; Shares Jumped 3.6%; Check Record Date

The FMCG giant Nestle India announced its financial results for the quarter ending in December on Friday. The company reported a 6% growth in net profit. Following the announcement, Nestlé India's shares rallied by about 3%. Additionally, the company declared a dividend payout for its investors.

Nestle India Dividend Announcement

Along with its Q3 financial results, Nestlé India has declared a second interim dividend of Rs.14.25 per share for the October-December quarter. In a regulatory filing, the FMCG major stated "A second interim dividend of Rs.14.25 per equity share (face value of ₹1 each) for the financial year 2024-25 has been declared on the company's entire issued, subscribed, and paid-up share capital of 964,157,160 equity shares. The dividend will be paid on or after February 27, 2025, to shareholders whose names appear in the Register of Members or the Register of Beneficial Owners maintained by the Depositories as of the record date, February 7, 2025."

Nestle India Q3 Financial Highlights

For the December quarter, Nestlé India reported a net profit of ₹696 crore, marking a 6% increase from ₹655.6 crore in the same period last year. The company had recorded an exceptional loss of ₹107 crore in the base quarter. Revenue for the quarter rose by 4% to ₹4,779.7 crore, slightly below the estimated ₹4,785 crore.

Nestlé India's Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) was projected at ₹1,085 crore but exceeded expectations at ₹1,103 crore. However, this represented a marginal decline from ₹1,113 crore reported a year ago.

The EBITDA margin contracted by 120 basis points year-on-year to 23%, though it remained above the expected 22.7%. Margin pressures were primarily driven by high coffee and cocoa prices.

Nestlé India Share Price Performance

Nestlé India's shares saw a notable gain of 3.68% at the close of Friday's session, ending at ₹2,299.05. Over the course of this month, the stock has experienced a rise of 5.98%. However, looking at the longer-term trend, the shares have declined by 6.8% over the past year.

As of the latest trading session, the company's market capitalization stood at ₹2.23 lakh crore, reflecting its continued prominence in the FMCG sector despite the recent challenges in its stock price performance.

About Nestle India

Nestlé India, a subsidiary of the global food and beverage giant Nestlé S.A., is one of the most major FMCG companies in India. With a wide range of products that cater to various segments, Nestlé has become a household name across the country. The company is best known for its iconic brands such as Maggi, Nescafé, KitKat, Milkmaid, and Nestlé Pure Life, which have a significant presence in millions of Indian homes.