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.
According to analysts, Nestle India s September quarter numbers is well-placed to outperform the FMCG pack, led by stable volume growth and strong pricing growth
Packaged foods company Nestle India on Thursday said net profit in the December quarter rose 65% from a year earlier, primarily because of a one-time expense related to an employee benefit pension plan a year ago