FMCG company declared final dividend of ₹65 per share dividend

The company in a record filing has said that “We are pleased to inform you that the Board of Directors of the Company in its meeting held today, inter alia, has recommended a final dividend of Rs. 65 per equity share (face value of Rs.10/- each) for the financial year ended 2022. The split will be paid between November 15, 2022 to December 13, 2022 on the approval of the members on the 58th Annual General Meeting “

In Q1FY23 the company reported revenue from operations of 776 crore which was 786 crore in Q1FY22, a decline of 1.27% year-on-year. The total income of the company in Q1FY23 was 782 crore which was 792 crore in the corresponding quarter of last year. The company’s total expenses in Q1FY23 reached 724 crore which was 725 crore in Q1FY22. Owing to its established superiority strategy and solid brand foundation, the company sustained its growth and posted a successful financial year, with sales of 3,901 crore, up 9% from the prior year. The company stated that the profit after tax (PAT) was Rs. 43 crore, down 13% over the prior year, mostly due to inflation in commodity prices. For the quarter, both the feminine care and healthcare businesses continue to grow and maintain category leadership, the company said in a regulatory filing.

The Managing Director of Procter & Gamble Hygiene & Health Care Ltd. L.V. Vaidyanathan said, “The operating environment is marked by unprecedented adverse conditions and commodity volatility. Despite these challenges, we are resilient, agile and committed to serve Indian consumers while delivering sequential sales growth this year. A strong portfolio The execution of our integrated strategies of excellence, productivity, creative disruption, and an agile and accountable organization structure have empowered us to deliver these consistent results.By balancing our strategy innovation and industry-leading practices, we are what we do. It operates by increasing productivity in it.”

He further added, “While unprecedented market challenges and uncertainties remain in the near term, we will continue to focus on our strategy to drive excellence and productivity, enabled by the strength of our organization and culture to deliver balanced growth and value. Will be building.”

Shares of Procter & Gamble Hygiene & Health Care were last traded 14,492.00 per share at the time of writing this copy. share price increased 406, as on July 9, 2004, at the current market price, which is an all-time high and a multibagger return of 3,469.46%. The stock has gained 74.29% in the last five years and 13.61% over the previous year. The stock has dropped 6.26% YTD so far in 2022.

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