Nestle Bonus Issue Alert: FIRST EVER 1:1 Bonus Approved by FMCG Giant After Rs. 10 Dividend; Check Record Date

Nestle Bonus Share News: One of India's largest FMCG companies, Nestle India, has approved its first-ever bonus share issue in a 1:1 ratio after its board meeting held today, June 26. This is the company's second major corporate action this year, coming shortly after it announced a Rs. 10 dividend per share during its recent earnings call held earlier in April.

Nestle Bonus Issue Details

Nestle India's board announced the approval of a bonus equity share issue in a 1:1 ratio. In an exchange filing, which said, "Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of ₹1/- each for every one (1) fully paid-up equity share of face value of ₹1/- each, held by the members of the Company as on the record date, by capitalising a sum not exceeding ₹96,41,57,160/- (Rupees ninety-six crore forty-one lakh fifty-seven thousand one hundred and sixty only) out of the retained earnings of the Company, subject to the approval of the members of the Company."

Nestle bonus issue record date

The record date for the Nestle India bonus issue hasn't been announced yet and will be shared in due course. The company, in its exchange filing, said.

Nestle India Q4 Earnings

Nestle India reported a net profit of Rs. 885 crore for the March quarter of FY25, falling with a 5% decline from Rs. 934 crore in the same period last year. Despite the profit miss, revenue rose 4.4% year-on-year to Rs 5,504 crore.
On the operational front, Nestle India reported an EBITDA of Rs. 1,389 crore, which represented a 3.9% growth from Rs. 1,337.3 crore last year. However, EBITDA margin contracted by 20 basis points to 25.2%.

Nestle Shares Today

Nestle India shares are trading largely flat with only 0.70% change on Thursday despite the company announcing a bonus issue. The stock opened at Rs 2,420, slightly higher than the previous close of Rs 2,404 and reached the intraday high of Rs 2,443.60. As of 11:20 am, Nestle India shares are trading at ₹2,422, up ₹17.60 or 0.73%. This FMCG stock has seen steady gains recently, rising 4.02% over the past 5 days, 12.66% in the last 6 months, and 11.63% so far this year