Shares of Gillette India Ltd. ended flat after reaching a day’s high of Rs 9,190 on 29th August, following the company’s declaration of a Rs 45 dividend.

A final dividend of Rs 45 per equity share with a face value of Rs 10 each has been recommended by the board of directors of the company for the financial year ending 30th June 2024. This dividend is pending approval from shareholders at the company’s 40th Annual General Meeting (AGM).

In an exchange filing, the company stated, “We are pleased to inform you that the Board of Directors, at their meeting held today, recommended a final dividend of Rs 45 per equity share for the financial year ending 30th June 2024.”

If approved at the AGM, the dividend will be paid between 3rd December 2024 and 25th December 2024 to eligible shareholders.

For FY23-24, the company reported annual sales of Rs 2,633 crore and a PAT of Rs 412 crore. For the quarter, sales were Rs 645 crore, and PAT was Rs 116 crore. V Kumar, MD of Gillette India, has praised the company’s strong performance and balanced growth.

The stock has gained over 38% year-to-date. The company’s market capitalisation rose to Rs 29,252 crore.

At 3:30 PM, the shares of Gillette India closed 0.0095% higher at Rs 8,980 on NSE.

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