Tata Consumer board approves dividend of Rs 7.75 per share

Tata Consumer Products' board of directors on Tuesday recommended a dividend payment of Rs 7.75 per share for the year ended March 31, 2024. The decision was taken in a board meeting held today to approve the company's January-March quarter earnings and the announcement was made after market hours.

Tata Consumer shares today ended at Rs 1173 on the NSE, up by Rs 0.80 or 0.07% from the Monday closing price.

<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-109532716»>

The FMCG company reported a 19% fall in its consolidated net profit to Rs 217 crore for the quarter ended March 2024. It was Rs 269 crore in the last year period. Revenue from operations during the reporting period rose 8% year-on-year to Rs 3,927 crore, compared with Rs 3,618 crore in the previous year quarter.

<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-109532716»> <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-109532716»>

MORE TO COME...

(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com