Tata Consumer Products announces 845% dividend — here's when the Tata group firm plans to pay it

Tata Consumer Products (TATACONSUM) on Tuesday announced a dividend of Rs 8.45 per share — a payout of 845 per cent given the face value of Re 1 per share. This is the final dividend for the year ended March 2023. 

The board of Tata Consumer Products — whose popular brands include Tata Salt, Tetley, Tata Coffee, Tata Starbucks and Tata Sampann — approved the dividend after the conclusion of its meeting. 

Tata Consumer Products dividend: When will the payout be made?

The dividend, subject to the approval of shareholders at the company's next annual general meeting, will be paid or dispatched after the AGM and within 30 days of its declaration, according to a company statement.

Tata Consumer Products dividend: Record date

The Tata group company is yet to announce a record date — which determines the shareholders eligible to benefit from corporate action such as a dividend — for its latest dividend.  

Tata Consumer Products AGM date

Tata Consumer Products is scheduled to conduct its 60th annual general meeting (AGM) on Tuesday, June 6. The AGM will be conducted through video conferencing (VC) or other audio-visual means (OAVM), the company said.

Tata Consumer Products Q4 results

The board also approved the company's financial results for the quarter and the year ended March 2023.

Tata Consumer Products reported a 23.5 per cent year-on-year increase in net profit to Rs 268.6 crore for the quarter ended March 2023. Its revenue grew 14 per cent to Rs 3,618.7 crore. The company exceeded analysts' expectations both on the top-line and bottom-line fronts. 

According to Zee Business research, Tata Consumer Products' consolidated quarterly net profit was pegged at Rs 254 crore and revenue at Rs 3,510 crore. 

Tata Consumer Products shares ended 0.3 per cent higher at Rs 734.3 apiece on BSE ahead of the announcements. 

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