FMCG Stock Declares 250% Interim Dividend, Reports 2.8% Decline In Q2 Profit

Dabur India Ltd is one of the leading FMCG Companies in India. Dabur is also a world leader in Ayurveda with a portfolio of more than 250 Herbal/Ayurvedic products. The company operates in key consumer products categories such as Hair Care Oral Care Health Care Skin Care Home Care and Foods.

Dabur India announced an interim dividend of 250% today for FY 2023. Also, the company declared a 2.85% dip in its consolidated net profit to Rs 490.86 crore for the 2nd quarter ended September 30, 2022. It had declared a net profit of Rs 505.31 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing.

However, its revenue from operations surged 6% to Rs 2,986.49 crore during the quarter under review against Rs 2,817.58 crore in the corresponding quarter of the previous fiscal. Dabur India's total expenses surged 8.94% to Rs 2,471.28 crore in the latest September quarter. The same stood at Rs 2,268.47 crore last year.

Check key takeaways below:

1. Dabur India Ltd Declares Interim Dividend

The board of directors in its regulatory filing stated, "Pursuant to Regulations 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs. 2.5 per equity share having face value of Re. I/- each (i.e. 250%) for the financial year 2022-23."

Pursuant to Regulation 42 of the Listing Regulations, the Company has vide its letter dated October 18, 2022 already informed to Stock Exchanges regarding the Record Date of November 4, 2022, fixed for ascertaining the name of the Members/Beneficial Owners entitled to receive the Interim Dividend on equity shares for the Financial Year 2022-23.

2. Dabur India Ltd Stock Outlook

The current market price of Dabur India is Rs 532 apiece with an intraday decline of 0.93%. The stock's 52-week high is Rs 620 apiece and 52-week low is Rs 482 apiece, respectively. It has a market capitalisatoin of Rs 94,275.53 crore. Currently, the stock is trading at 14% discount from its 52-week high level.

3. Dabur India Ltd 5-Years Return

The stock has given return of 64% in the last 5-years and 14% in last 3-years. It has declined 8% in the last 1 year.