Dabur Declares a 250% Dividend for FY23


Dabur, a large-cap FMCG, and personal care firm, declared a 250% interim dividend for FY 2023 today, along with its quarterly results for the September quarter. The dividend is Rs 2.5 per share with a face value of Rs 1.

The FMCG conglomerate’s second-quarter earnings were broadly in line with expectations. Its total PAT was Rs 490 crore, down from Rs 504 crore in the previous quarter. Its consolidated revenue for the review period was Rs 2,986 crore, compared to Rs 2,818 crore in the same period the previous year.

Dabur’s EBITDA was Rs 600 crore, compared to Rs 620 crore in the same period the previous year. In addition, its margin fell slightly from 22% to 20.1% year on year.

The firm established the dividend’s record date for November 4, 2022. The final day to purchase shares to be eligible for the dividend payment is November 3, before the ex-dividend date.