Nestle India s shares climbed 1% to Rs 2,530 during Thursday s intraday trading on the BSE in anticipation of the company s fourth-quarter results, scheduled for later in the day. Analysts predict a 17% increase in net profit to Rs 867 crore for the quarter ending March 31, 2024, based on the average estimates of three brokerages.
Revenue from operations rose 8% year-on-year (YoY) to Rs 4,584 crore in the reporting fourth quarter. The company follows a January-December financial year.
Nestle India stock split: All shareholders of Nestle India with their names in the list at the end of record date, i.e. today, will be eligible to receive split shares.
Nestle India stock rose to a lifetime high of Rs 24,168.15 on the National Stock Exchange. Gains in the stock on Thursday were backed by strong volumes of 2,25,600 shares, way above the six-month daily average volume of 65,749 shares.
Nestle India on Wednesday, April 12, 2023, announced an interim dividend of Rs 27 per equity share for the year 2023 on the entire issued, subscribed and paid-up share capital of the company of 9,64,15,716 equity shares of the nominal value of Rs 10 each. Check Nestle dividend record date, payment date, amount and more in this Business Today Visual Story.