Dabur India Share Price Target: Eligible For 275% Dividend? Record Date 4-Days Away

FMCG major Dabur India Ltd shares tanked 1.50% on Monday as Sensex recorded steep decline of 941 points on November 4, 2024. Last trading price of Dabur India shares on Bombay Stock Exchange (BSE) stood at Rs 534.95 per share. Meanwhile, leading brokerage firm Motilal Oswal has recommended investors to buy Dabur India shares with target price of Rs 700 apiece. If you buy Dabur India at last trading price of Rs 534.95 per share, you can fetch potential return of 30.85%. The company on October 30, 2024 recommended a dividend of Rs 2.75 per share (275%) for financial year 2024-24 and fixed November 8, 2024 as the record date. Check key details below:

Dabur India Ltd Q2

The company declared a 17% YoY fall in Q2 FY25 net profit at Rs 425 crore as against the net profit of Rs 515 crore declared in the corresponding quarter of last year. The company declared its revenue for the quarter ended September 2024 at Rs 3029 crore, down 5% as against the revenue of Rs 3204 crore reported in the similar quarter of last year. Despite a challenging demand environment marked by high food inflation and a resultant squeeze in urban demand, Dabur continued to drive consumer engagement across its key brands to end the second quarter of 2024-25 with a Consolidated Revenue of Rs 3,029 crore.

Dabur India Dividend

According to the BSE filing of the FMCG firm, "the Board of Directors of the Company in its meeting held today have declared Interim Dividend of Rs. 2.75 per equity share having face value of Re. 1/- each (i.e., 275%) for the financial year 2024-25." The record date for dividend is November 8.

How To Be Eligible For Dabur India Dividend?

Record date plays key role in determining eligibility of shareholders for dividend. Shareholders whose name appear in company's shareholders record as on the record date will become eligible to receive dividend. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution. Dabur India set November 8, 2024 as the record date for interim dividend.

Dabur India Shares Performance

The 52-week high price of Dabur India shares on BSE is Rs 672.00 per share and 52-week low price is Rs 489.00 per share, respectively. The company's market capitalisation is Rs 94,809.80 crore. Dabur India shares fell 14% in last 3-months, declined 0.02% in last 1-year, and gained 16% in last 5-years.

Dabur India Shareholding

FII/FPI have decreased holdings from 15.82% to 14.99% in Jun 2024 qtr. Number of FII/FPI investors increased from 802 to 807 in Jun 2024 qtr. Mutual Funds have increased holdings from 5.98% to 6.25% in Jun 2024 qtr. Number of MF schemes decreased from 30 to 29 in Jun 2024 qtr. Institutional Investors have increased holdings from 28.39% to 28.55% in Jun 2024 qtr, according to Trendlyne.

Dabur India Stock Split History

Dabur India split the face value of its shares once since November 27, 2000. It last sub-divided face value of its shares from Rs 10 to Re 1 in 2000. The share traded ex-split on November 27, 2000.

Dabur India Bonus Share History

The FMCG major declared a total of 3 bonus issues since January 19, 2006. Dabur's last bonus share was announced in the proportion of 1:1 with ex-date fixed as September 8, 2010.

LIC Stake In Dabur

The PSU insurer has 3.71% stake in Dabur India with 65,828,461 shares of the company as of June quarter.

Citi, Macquarie Share Target Price

Citi assigned sell call with reduced target price of Rs 570 per share as the brokerage slashed FY25-27 earnings estimates by 3-6%. Macquarie recommended neutral call for Dabur India shares with target price reduced to 560/share.

About

Dabur India Limited is a leading Indian consumer goods company with interests in hair care, oral care, health care, skin care, home care and food & beverages. Dabur India Ltd. is one of India's leading FMCG Companies with Revenues of over Rs. 11,530 Crores & Market Capitalization of over Rs. 96,500 Crore. Building on a legacy of quality and experience of over 139 years, Dabur is today India's most trusted name and the world's largest Ayurvedic and Natural Health Care Company, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal, Citi and Macquarie. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.