FMCG stock declares ₹80 interim dividend, record date next week

“We are pleased to inform you that the Board of Directors of the Company in its meeting held today has inter alia declared Interim Dividend for the Financial Year 2022-23 of Rs.80 per Equity Share (each of face Value Rs.10/-). The dividend will be paid on or before February 28, 2023. As informed earlier in our letter dated January 9, 2023, the record date for the purpose of eligibility for the said interim payment Dividend 8, 2023,” the company informed in an exchange filing on Tuesday.

The company’s quarterly profit declined due to higher commodity prices. it said it had a net profit of 207 crore, up 2% versus the year-ago largely on the back of commodity cost inflation. Compared to the same pre-Covid quarter three years ago, the company’s sales grew by 32% and PAT by 53%.

“In a challenging cost and operating environment, the company continued to make sequential progress in the quarter with sales 1,137 crore, up 4% versus year-ago on the back of its reliable product portfolio and improved retail execution,” it said.

LV Vaidyanathan, Managing Director, Procter & Gamble Hygiene & Health Care Ltd. said, “Despite adverse external conditions and macro-economic environment, we delivered a resilient performance as the quarter registered sequential growth in topline and bottom line, Which is capable of our strength. Brand and execution excellence. This has been possible on the back of our integrated growth strategies of a focused product portfolio, excellence, productivity, creative disruption and an agile and accountable organization. We believe these are the right strategies for us to meet the challenges of the near future and drive balanced growth.”

with a market valuation of 44,806 Crore, Procter & Gamble Hygiene & Healthcare Limited, on BSE, is a large-cap corporation that operates in the Fast Moving Consumer Goods (FMCG) industry. fmcg stock is down more than 6% over a one-year period.