FMCG firm Emami on Wednesday approved a 400 per cent interim dividend for its shareholders for 2014-15 fiscal.
The Kolkata-based company’s board, which met on Wednesday, recommended an interim dividend of 400 per cent or Rs. 4 per share for FY 2014-15, Emami Ltd said in a statement. “The Board of Directors has declared this interim dividend in view of the continuing strong financial performance by the company,” Emami Ltd’s director Mohan Goenka said.
The consolidated net sales of the company grew by over 25 per cent during the first quarter of FY 2014-15 with 27 per cent growth in EBIDTA, he added. “Our power brands continue to perform strongly, impacting market sentiments positively and enhancing shareholder value. Our new launches also continue to perform well, meeting our expectations,” Emami Ltd director Harsha V. Agarwal said.
Emami shares on Wednesday closed at Rs. 704.10 apiece on the BSE, down 1.33 per cent from its previous close.
