FMCG Giant Declares Rs 14.25 Second Interim Dividend, Record Date Set; Perfect Time To Bet?

Nestlé India Limited is a food processing firm that manufactures and markets a range of products, such as dairy, sugary treats, chocolate, and beverages. It is a division of Nestlé, a global corporation based in Switzerland. The firm has four branch offices in Delhi, Mumbai, Chennai, and Kolkata in addition to its nine production sites and headquarters in Gurgaon, Haryana.

Nestlé India Dividend

The Board of Directors declared "Second Interim Dividend of Rs. 14.25/- (Rupees fourteen and paisa twenty-five only) per equity share of the face value of Re. 1/- (Rupee one only) each for the Financial Year 2024-25 on the entire issued, subscribed and paid-up share capital of the Company of 964,157,160 equity shares, which will be paid on and from 27th February 2025 to those members whose names appear in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories, as on the Record Date fixed for the purpose i.e. 7th February 2025, as already intimated to the Stock Exchanges vide our letter reference no. PKR:SG:JK: 107:2024-25 & PKR:SG:JK: 108:2024-25 both dated 24th January 2025," said the FMCG giant in a stock exchange filing.

Nestlé India Q3 Financials

For the October-December quarter of the current fiscal year (Q3 FY25), the firm recorded a consolidated net profit of Rs 688.01 crore, which was 4.9% higher than Rs 655.61 crore reported during the same period last year. The company's revenue from operations for the reporting quarter was Rs 4,779.73 crore, up 3.9% from Q3 FY24's Rs 4,600.42 crore. For the third quarter of FY25, the company's standalone net profit expanded 6% year on year (YoY) to Rs 696.13 crore from Rs 655.61 crore in the same time last year. At Rs 4,779.73 crore, its revenue from operations increased 3.9% on a standalone basis. For the December quarter, the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed to Rs 1,103 crore from Rs 1,095 crore in the third quarter of FY24. The EBITDA margin reached 23% in Q3FY25.

Nestlé India Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "NESTLEIND is currently trading at ₹2,317, displaying strong buying momentum after breaking out of a consolidation range that had been in place since late October. The stock has taken support at the 200-day Exponential Moving Average (EMA) on the weekly timeframe and is currently holding above the 20-day and 50-day EMAs, signaling sustained bullish strength."

"However, NESTLEIND is encountering resistance at the 200-day EMA and has formed an inverted hammer candlestick, which indicates short-term selling pressure due to profit booking. The Relative Strength Index (RSI) is at 64.62 and trending downward, hinting at a possible weakening of buying momentum. If the stock fails to surpass this resistance zone, a temporary pullback could be expected," the analyst added.

"In case of a decline, today's low will be a key level to watch. If breached, the ₹2,260 level is likely to act as strong support, potentially offering a buying opportunity. A stop-loss at ₹2,190 would help manage risk, while an upward move beyond resistance could push the stock towards the ₹2,500 mark in the short term. Traders should monitor price action near these levels to determine the next trend direction," Mandar Bhojane further recommended.

Disclaimer

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