Nestle India Q4 results: The FMCG giant reported a net profit of Rs 934 crore for the three months ended March 31, 2024 (Q4 FY24), a jump of 26.73 per cent from Rs 737 crore a year earlier.
The stock declined 3.53 per cent to Rs 2,375.75 on the BSE. At the NSE, it dipped 2 per cent to Rs 2,412.05 apiece. On Thursday, the shares of Nestle India had declined over 3 per cent.
Helped by strong momentum in sales, Tata Group owned retail firm Trent Ltd reported a two-fold rise in consolidated net profit to Rs 370.64 crore during December quarter from Rs 154.81 crore in a year ago period.
Shares of food and beverages major Nestle India Ltd will turn ex-dividend on November 1. The Indian subsidiary of the world's largest food and beverage company has announced an interim dividend of Rs 140 per share. This is the third time Nestle India has declared dividend and second time interim dividend this year. Earlier, the stock traded ex dividend for a final dividend of Rs 75 per share on April 21, 2023. On the same trading day, the stock traded ex-dividend for an interim dividend of Rs 27 per share.