Nestle Vs Dabur: Which FMCG Stock To Buy In July? Ex- Dividend Date Soon

Leading brokerages appear bullish on FMCG sector stocks Nestle India Ltd share and Dabur India share. Current market price of Nestle India share on BSE is Rs 2609.35 per share. Nestle India's market cap stood at Rs 2,51,582.35 crore. Meanwhile, Sharekhan has assigned buy call to Dabur India share with target price of Rs 715 per share. Nestle India Limited informed BSE about its upcoming Board Meeting scheduled to be held on 25 Jul 2024 to consider financial statements for the period ended June 2024. Nestle India share will trade ex-dividend for final dividend of Rs 8.5 per share dividend and interim dividend of Rs 2.75 per share on July 16, 2024. Meanwhile, current market price of Dabur India share on BSE is Rs 629.95 per share.

1. Analysts Recommend Buy, Add Call For Nestle India Share: Nestle India shares hit ex-split in the proportion of 1:10 ratio in January 2024. Axis Securities has recommended buy call to Nestle India share with target price of Rs 2880 per share. Kotak Institutional Equities issued add call on Nestle shares with target price of Rs 2550 per share.

Nestle India Recommended Dividend: As per the BSE filing of Nestle issued as on July 8, "This is to inform you that the Board of Directors at its meeting held today declared an Interim Dividend of Rs. 2.75/- (Rupees two and paisa seventy-five only) per equity share of 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 comprises of 96,41,57,160 equity shares of the nominal value of Re. 1/- (Rupee one only) each."

Interim Dividend for the financial year 2024-25 will be paid on and from 6th August 2024 along-with the final dividend for the fifteen months financial year ended 31st March 2024, if approved by the members of the Company at the 65th Annual General Meeting scheduled later today i.e. on 8th July 2024, 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 aforesaid purpose i.e. 16th July 2024, as already intimated to the stock exchanges vide our letter reference no. PKR:SG: 64:24 and PKR:SG 65:24 both dated 20th June 2024.

Nestle India Share Performance: Nestle India shares declined 4.65% year-to-date, zoomed 13% in last 1-year, gained 44% in last 2-years, and offered return of 123% in last 5-years. In last 10-years, Nestle India shares offered return of 424%. The 52-week high price of Nestle India share on BSE is Rs 2770.75 per share (as on 02/01/2024) and 52-week low price is Rs 2145.28 (as on 18/08/2023), respectively.

LIC Stake In Nestle: It is worth noting that Life Insurance Corporation of India (LIC) has 1.84% stake in Nestle India with 1,778,769 shares of the company.

2. Buy Dabur India Share: Sharekhan has recommended buy call for Dabur India share with 12-month target price of Rs 715 per share. Meanwhile, brokerage firm Emkay Global appears upbeat on FMCG major Dabur India Ltd share and recommended buy call. The analysts at Emkay upgraded the target price to Rs 700 as the management is optimistic about consumption revival.

LIC Stake In Dabur India: Life Insurance Corporation Of India (LIC) has 3.53% stake in Dabur India as the PSU insurer has 62,625,518 shares of the company.

Dabur India Share Performance: The 52-week high price of Dabur India share is Rs 637.20 per share (as on 10/07/2024) and 52-week low price is Rs 489.00 (as on 16/04/2024), respectively. Dabur India's market capitalisation stood at Rs 1,11,646.76 crore. Dabur India has a PE of 73.97 and ROE of 21.82. Dabur India shares zoomed more than 26% in last 3-months, surge over 7% in last 1-year, offered return of 16% in last 2-years, and rallied 54% in last 5-years.

Dabur India Share To Trade Ex-Dividend On July 19: Dabur India recommended final dividend of Rs 2.75 per share of the face value of Re 1/- each for FY 2023-24. As per the BSE filing, "As informed vide our letter dated May 2, 2024, the Board of Directors of the Company in its meeting held on May 2, 2024, had recommended Final Dividend of Rs. 2.75 per share (275%) for the Financial Year 2023-24. Pursuant to provisions of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Book Closure from Monday, July 22, 2024 to Friday, July 26, 2024 (both days inclusive). The cutoff date is July 19, 2024, for ascertainment of shareholders entitled to receive the dividend, if approved by the shareholders at the ensuing AGM."

Disclaimer: The stocks have been picked from the brokerage reports of Kotak Institutional Equities, Sharekhan, Emkay, and Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage House 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.