Large cap FMCG giant Nestle India Ltd shares today surged by more than 4% on Bombay Stock Exchange after the firm declared quarterly results and recommended 2nd interim dividend. Current market price of Nestle India shares on BSE stood at Rs 2321.05 per share. The Board of Directors of Nestle today recommended a second interim dividend of Rs 14.25 per equity share of the face value of Re 1/- each. The company has a market capitalisation of Rs 2,23,650.72 crore.
Nestle offers a return of equity of 83.27%. Nestle India shares prices witnessed rally of 5.09% in last 1-week span and declined 7.33% in last 1-year. Check details below:
Nestle India Recommends Dividend
As per the exchange filing of Nestle India dated January 31, 2025, “second Interim Dividend of Rs. 14.25/- (Rupees fourteen and paisa twenty-five only) per equity share of the face value of Re. 1/- (Rupee one only) each for the Financial Year 2024-25 on the entire issued, subscribed and paid-up share capital of the Company of 964,157,160 equity shares, which will be paid on and from 27th February 2025 to those members whose names appear in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories.
Nestle India Sets Record Date For Interim Dividend
The exchange filing added, “the Record Date fixed for the purpose i.e. 7th February 2025, as already intimated to the Stock Exchanges.”
Nestle India Shares Performance
The 52-week high price of Nestle India shares on BSE is Rs 2777.00 per share (as on 27/09/2024) and 52-week low price is Rs 2131.50 per share (as on 29/01/2025), respectively. Nestle India shares climbed over 5% in last 1-week, surged 7.02% year-to-date (YTD), and zoomed 22.10% in last 2-years. In last 3-years, the FMCG giant shares rose by 25.31% and 51.15% in last 5-years.
About Nestle India
Nestle India Limited is the Indian subsidiary of Nestle .Nestle started its business in India in 1912 as “The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited”. After Independence of India, the company incorporated in India in 1959. Nestle produces milk products such as dairy whitener, condensed and toned milk, yoghurt, milk-based formula foods etc. Nestle also produces noodles, sauces, seasonings, pasta and ready to eat cereals, instant coffee and tea powders, according to its official website.
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