Dabur announces dividend of Rs 2.5 per share

27 Oct 2022 , 10:12 AM

Dabur, a large-cap FMCG and personal care company, today announced interim dividend for FY 2023 along with its quarterly results for the September quarter. The dividend per share, which has a face value of Rs1, is Rs 2.5.

The Q2 numbers released by the big FMCG company were basically in line with expectations. In comparison to the same quarter the previous year, its consolidated PAT was down to Rs490 crore from Rs504 crore. In comparison to the same period the previous year, its consolidated revenue for the reviewed period was Rs2,986 crore as opposed to Rs2,818 crore.

Compared to the same quarter last year, Dabur's EBITDA was down to Rs600 crore from Rs620 crore. Additionally, its margin slightly decreased from 22% YoY to 20.1%.

The corporation had specified November 4, 2022, as the dividend record date. Prior to the ex-dividend date of November 3, the last day to purchase the shares to be eligible for the dividend payment.

Since May 2001, Dabur has declared 47 dividends, according to Trendlyne statistics. It declared a total dividend of 520.00%, or Rs5.2 per share, in the most recent fiscal year. This results in a dividend yield of 0.98% at the current share price of Rs532.15.

It wants to purchase the majority of Badshah Masala. It intends to purchase 51% of Badshah Masala's equity share capital right away and the remaining 49% after five years.

According to the company's filing with the exchanges, the purchase is subject to the fulfilment of a number of terms and conditions outlined in the SPA and the SHA.

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