iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Britannia declares dividend of Rs 72 per share

5 Apr 2023 , 09:30 AM

Britannia Industries Limited informed that the board of directors of the company have approved an interim dividend of Rs 72 per share for the financial year ended March 31, 2023.

The company said in its exchange filing that, “the eligibility of shareholders for payment of interim dividend will be determined on Thursday, April 13, i.e., the record date.”

For FY23, this is the first dividend announced by the company and the highest in a time span of 3 years.

In May 2022, the company has paid a dividend of Rs 56.50 per share. 

The company’s highest dividend payout in its history of going public was in August 2020, when it paid Rs 83 per share.

Britannia’s dividend payment could be linked to the one-time profit it made in the December quarter by selling its stake in the French dairy subsidiary, Bel SA.

By selling its 49% stake in the joint venture firm, the company earned a one-time gain of Rs 376 crore.

At around 9.30 AM, Britannia Industries was trading at Rs 4,330.70 per piece, against the previous close of Rs 4,324.05 on NSE.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Britannia Industries
  • Britannia Industries Dividend
  • Britannia Industries news
  • Britannia Industries Updates
  • Dividend News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.