Published 13:31 IST, February 3rd 2025
Rs 14.25 Dividend: Record Date Set For This Week
Nestle India’s decision to declare a dividend comes after the company reported strong financial performance for the third quarter of FY 2024-25. .
Nestle India Limited, a leading food and beverage company, had declared an interim dividend of Rs 14.25 per share as part of its financial results for the third quarter of this financial year ending 31st December, 2024.
The company also issued dividend along with record date.
Nestle: Dividend
Nestle has issued the dividend for as per exchange filing, the company issued the dividend of Rs 14.25 per share.
"Second Interim Dividend of Rs. 14.25/- (Rupees fourteen and paisa twenty-five only) per equity share of the face value of Re. 1/- ( Rupee one only) each for the Financial Year 2024-25 on the entire issued." as per exchange filing.
Nestle: Record Date
Nestle India also issued the record date.
“It will be paid on and from 27th February 2025 to those members whose names appear in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories, as on the Record Date fixed for the purpose i.e. 7th February 2025.” as per the exchange filing.
Nestle India: Q3 Results
Nestle India’s decision to declare a dividend comes after the company reported strong financial performance for the third quarter of FY 2024-25. The company’s revenue increased by by 4 percent to Rs 4,779.7 crore driven by strong demand for products, new launches, etc. Profit after tax (PAT) also saw a 6 percent growth, reaching Rs 696 crore.
Commenting on the results, Suresh Narayanan, Chairman and Managing Director of Nestlé India stated, “This quarter 3 out of 4 product groups delivered healthy growth led by a combination of pricing and volume. Key brands continue to perform and this augurs well in a challenging environment."
Updated 14:32 IST, February 3rd 2025