Tata Consumer Products Declares Dividend Of Rs 8.25 Per Share
The dividend will be paid on or after June 21, following the approval of shareholders.
The board of Tata Consumer Products Ltd. proposed a dividend of Rs 8.25 per share for the financial year 2024-25.
The dividend will be paid on or after June 21, 2025, following the approval received from the shareholders at the annual general meeting, according to an exchange filing on Wednesday.
The company's revenue rose 17% to Rs 4,608 crore for the fourth quarter of fiscal 2025 from Rs 3,927 crore for the same period last year. Its net profit surged to Rs 345 crore, denoting 59% rise for the quarter under review from Rs 217 crore in the year-ago period.
Shares of TCPL closed 1.18% higher at Rs 1,150.10 apiece on the National Stock Exchange, compared to a 0.69% rise in the benchmark Nifty. The stock has fallen by 0.76% in the last 12 months but risen 25.74% on a year-to-date basis.
Out of the 30 analysts tracking the company, 25 have a 'buy' rating on the stock, four recommend 'hold' and one suggests 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 0.2%.
