Bata India dividend: Footwear major recommends 240% dividend, check payment date

Footwear major Bata India's board has recommended a final dividend of Rs 12 per equity share, according to a stock market disclosure. This is subject to the approval of the company's shareholders at AGM.

"The Board at the Meeting recommended a Dividend of Rs. 12/- (240%) per equity share of Rs. 5/- each, fully paid-up of the Company, for the financial year ended March 31, 2024, for approval of the Members at the AGM. The payment of dividend, is subject to approval of the shareholders, at the AGM," the company said in a regulatory filing. 

Bata India has also announced its financial results for the fourth quarter ended on March 31, 2024, along with a dividend announcement.

Bata India Q4 earnings

The company reported a 3.02 per cent decline in consolidated net profit to Rs 63.64 crore for the fourth quarter ended March 2024.

It had posted a net profit of Rs 65.62 crore in the January-March period a year ago, according to a regulatory filing from Bata India.

Bata India's revenue from operations was up 2.47 per cent to Rs 797.87 crore during the quarter under review. It was at Rs 778.58 crore in the corresponding period a year ago. Read more on this

Meanwhile, shares of Bata India closed trading at Rs 1,373.5 each, up 1.23 per cent on BSE today.