500% Dividend: GCPL declares dividend; record date, payment day, other key details to know

Dividend Share News: Mumbai-based Godrej Consumer Products Ltd (GCPL)—Cinthol, HIT, Good Knight and Ezee—on Friday declared a Rs 5 per share dividend. This was a 500 per cent dividend given the stock's face value of Re 1 per equity share. Here's everything you need to know about the FMCG giant's dividend payout.

Godrej Consumer Products Dividend | Record date

The FMCG firm announced a record of February 3 for the dividend payout.

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What is a record date and why does it matter?

Shareholders holding a particular stock in their portfolio on the record date qualify to benefit from corporate action such as a dividend.

So, a record date determines whether a shareholder is eligible to receive a dividend.

Godrej Consumer Products Dividend | Payment date

The company said the dividend would be paid on or before Sunday, February 23, 2025.

GCPL Q3 FY25 Earnings

Godrej Consumer Products Ltd reported a mixed set of quarterly financial results on the same day.

Its net profit declined 14 per cent to Rs 498 crore while revenue increased about three per cent to Rs 3,768 crore, according to a regulatory filing.

The company registered a fall of 290 basis points (bps) in its margin to 20.1 per cent for the three-month period.

According to Zee Business research, GCPL was estimated to register a net profit of Rs 530 crore, revenue of Rs 3,730 crore and a margin of 20.6 per cent for the third quarter of the current financial year.

Godrej Consumer Products Share Price News

Earlier on Friday, Godrej Consumer Products shares ended 1.3 per cent lower at Rs 1,129.9 apiece on BSE.

GCPL shares have declined 2.9 per cent in the past one year, underperforming a 7.6 per cent rise in the headline Nifty50 index.

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