FMCG stock declares interim dividend of ₹18 per share, record date next week

“We would like to inform you that the Board of Directors in its meeting held today i.e. October 20, 2022 has, inter alia, declared the first. interim dividend 18/- (Rupees Eighteen Only) per equity share of Rs.1/- (Face Value) for the financial year 2022-23,” the company said in the exchange filing. “The dividend payment to the shareholders will be 489.6 crore,” it added.

Further, it said that the said interim dividend shall be paid with effect from November 16, 2022 and to those shareholders whose names appear in the register of members of the company as on the record date i.e. November 1, 2022.

As per Trendline data, Colgate-Palmolive (India) Limited has declared Equity Dividend. 40 per share in the last 12 months. At the current share price, this results in a dividend yield of 2.48%.

FMCG major Colgate-Palmolive India reports 3% growth in net profit 278.02 crore for the second quarter ended September 30, 2022, helped by an improvement in sales momentum 269 ​​crore in the July-September period a year ago. Its revenue from operations grew 2.5% 1,378 crore as against 1,343.9 crore year-on-year (YoY).

Prabha Narasimhan, Managing Director, Company, said: “The current quarter has seen better momentum than the previous quarters driven by focused deployment of initiatives during the festive season. We remain cautiously optimistic on the overall growth trend, especially in rural areas. , and is encouraged by the growth of modern business and e-commerce businesses in the current quarter,” he added. While the macroeconomic environment stabilizes, CPIL’s endeavor will be to provide sustainable gross margins and continue to invest in the core while driving premiumization and segment expansion in personal care.”