Nestle India dividend 2024: Maggi, KitKat maker announces Rs 8.5/share payout—check out record date, payment date

Nestle India dividend 2024, Nestle India dividend 2024 amount: Nestle India—whose popular brands include Maggi, Milkybar, Kit Kat, Nescafe, and Milkmaid—on Thursday, April 25 announced a final interim dividend of Rs 8.5 per share of the face value of Re 1 along with its quarterly earnings report for the January-March period. 

Nestle India dividend record date 2024

The consumer products company has fixed Monday, July 15, 2024, as the record date to determine entitlement of the members to the final dividend for the fifteen-month financial year ended 31st March 2024 as per the regulatory filing. 

"Recommended Final Dividend of Rs. 8.50/- (Eight Rupees and Fifty Paisa only) per equity shares of Re. 1/- each for the fifteen months financial year ended 31st March 2024 on the entire issued, subscribed and paid-up share capital of the Company of 964,157,160 equity shares of nominal value of Re. 1/- (Rupee one only) each," the company's filing said. 

Nestle India dividend payment date 2024

The final dividend if approved at 65 th AGM, shall be paid on and from August 2, 2024. 

Nestle India dividend history

Here's the summary of dividends declared by the company in the past:

How did Nestle India fare in January-March period?

Nestle India reported a 26.8 per cent year-on-year increase in consolidated net profit of Rs 934.2 crore for the January-March period. Its revenue grew 9.0 per cent to Rs 5,267.6 crore for the March quarter, according to a regulatory filing. The quarterly performance of Gurugram-headquartered Nestle India was better than analysts' expectations.

According to Zee Business research, Nestle India's March-quarter consolidated net profit was estimated at Rs 894 crore and revenue at Rs 4,965 crore. Read more Nestle India quarterly results

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