275% Dividend: Large Cap FMCG Major Posts 16% YoY Surge In Net, Shares Rise 2.65%

Large cap FMCG major, Dabur India Ltd today declared its full year 2023-24 consolidated revenue crossed the Rs 12,000 mark to end the year at Rs 1204 crore. It marks a 7.6% rise over the previous year's Rs 11,530 crore. The full year consolidated revenue growth stood at 10.1% on a constant currency basis. Meanwhile, consolidated net profit for 2023-24 reported a jump of 7.9% to Rs 1843 crore as against Rs 1707 crore an year ago.

Quarter.Meanwhile, Dabur India shares witnessed stunning rally of 2.65% today to 520.15 in trade today. Dabur India shares gained over 2% in last 1-week and 3.37% in last 2-weeks. Dabur India recommended final dividend of Rs 2.75 per share of the face value of Re 1/- each for FY 2023-24.

Meanwhile, Dabur quarterly net profit surged 16.2% to Rs 350 Crore, up from Rs 301 crore a year earlier. Q4 Consolidated Net Profit, on a like-to-like basis, reported a 22.7%, Consolidated Revenue for the quarter registered a 7.3% jump on Constant Currency basis. Revenue stood at Rs 2,815 crore, up 5,1% on INR basis from 2,678 Crore a year earlier.

"We've ended the year with a steady performance. underscoring the power of the Dabur's brands. We have been investing heavily behind our brands, which increased by 33%, to drive demand and also sustain the growth momentum. This has helped us deliver steady sales and profit growth in the fourth quarter despite multiple headwinds. We continued to execute on our strategic ptaybook by driving operational excellence, delivering innovative and premium products, and expanding our retail footprint to build the foundation for long-term profitable, sustainable growth," Dabur India Limited Chief Executive Officer Mr. Mohit Mathotra said.

Dabur India Recommends Dividend: As per the regulatory filing of Dabur India dated May 2, 2024, "the Board of Directors of the Company have recommended Final Dividend of Rs. 2.75 per equity share having face value of Re. 1/- each (i.e. 275%) for the financial year 2023-24, for approval of members of the Company in the ensuing Annual General Meeting."

Dabur India Dividend History: The company announced 48 dividends since May 23, 2001. In last 12 months, Dabur India announced an equity dividend of Rs 5.45 per share. At the current share price of Rs 508.40 per share, it offers a dividend yield of 1.07%.

Dabur India Bonus Share History: Dabur India announced 3 bonus issues since January 19, 2006. Its last bonus share was declared in the ratio 1:1 with ex-date fixed as September 8, 2010.

Dabur India Stock Split History: Dabur India split the face value of its shares once since November 27, 2000. Dabur India last split face value of its shares from Rs 10 to Re 1 in 2000. The share traded ex-split on November 27, 2000.
Dabur India Stock Performance & Return: The 52-week high price of Dabur India share is Rs 596. 90 per share (as on 06/07/2023) and 52-week low price is Rs 489.00 (as on 16/04/2024), respectively. Dabur India has a market capitalisation of Rs 90,161.35 crore. Dabur India has a PE of 61.77 and EPS (TTM) of 8.23. Dabur India shares soared over 1% in last 2-weeks, declined 4% in last 6-months, and gave return of 33% in last 3-years. In last 10-years, Dabur India stock soared 183%.

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.