Nestle India Ltd. announced an interim dividend of Rs 2.75 per share for the current financial year. The company will distribute Rs 265.1 crore to its shareholders for the first quarter.
The interim dividend will be paid on or from Aug 6, along with the final dividend for the previous fiscal at Rs 8.50 apiece, approved in the annual general meeting on July 8, according to an exchange filing on Thursday.
The Maggie maker's top line rose 3% year-on-year to Rs 4,814 crore for the quarter ended June, while it posted a bottom line of Rs 747 crore.
Nestle India Q1 FY25 Earnings Highlights (YoY)
Revenue jumped 3.3% to Rs 4,814 crore versus Rs 4,659 crore.
Ebitda rose 5.6% to Rs 1,115 crore versus Rs 1,056 crore.
Margin at 23.2% versus 22.7%.
Net profit up 7% to Rs 747 crore versus Rs 698 crore.
Shares of Nestle were trading 2.61% lower at Rs 2,475 apiece on the NSE after the results were announced, compared with a 0.16% decline in the benchmark Nifty at 12:19 p.m.
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