Rs 14.25/Sh Dividend: Nestle Posts 6% Surge In Net Profit, Buy Recommended

Nestle India Ltd shares today zoomed over 4% on Bombay Stock Exchange (BSE) to settle at Rs 2313.05 apiece. The company today announced its quarterly results and recommended 2nd interim dividend. Board of Directors of Nestle announced the second interim dividend of Rs 14.25 per equity share of the face value of Re 1/- each. Its market cap stood at Rs 2,23,650.72 crore.

Nestle offers a return of equity of 83.27%. Nestle India share price recorded a surge of 5.09% in last 7-days and witnessed fall of 7.33% in last 1-year. Life insurance corporation of india (LIC) has a stake of 4.12% in Nestle India. Check details pertaining to Nestle India below:

Rs 14.25/Sh Dividend: FMCG Giant Nestle Posts 6% Surge In Net Profit, Buy Assigned

Nestle India Q3 Results

The large cap FMCG firm on January 31, 2025 reported a rally of 6.2% to Rs 696 crore in its quarterly standalone net profit as its powdered and liquid beverages business emerged as the largest growth contributor for the quarter under review. Its standalone net profit was declared at Rs 655.6 crore in the corresponding quarter of last year.

According to the exchange filing, “our powdered and liquid beverages business was the largest growth contributor this quarter, with high double-digit growth. Beverages retail achieved a significant milestone by surpassing Rs. 2,000 crore business in the last twelve months, spearheaded by nescafé classic, nescafé sunrise, and nescafé gold.

The company declared its consolidated net profit zoomed 5% to Rs 688 crore. The company’s quarterly revenue surged 3.9% year-on-year to Rs 4780 crore.

Speaking on the results, Mr. Suresh Narayanan, Chairman and Managing Director of Nestlé India said, “This quarter 3 out of 4 product groups delivered healthy growth led by a combination of pricing and volume. Key brands continue to perform and this augurs well in a challenging environment.”

Should You Buy Nestle India Shares Post Q3 Results, Dividend?

According to A R Ramachandran, SEBI registered Independent research analyst, “”Nestle India stock price is bullish on the Daily charts with strong support at 2209. A Daily close above resistance of 2387 could lead to a target of 2500 in the near term.”

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.

Disclaimer

The stock has been picked from the brokerage report of AR Ramchandran. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.