Tata Shopper Merchandise (TATACONSUM) on Tuesday introduced a dividend of Rs 8.45 per share — a payout of 845 per cent given the face worth of Re 1 per share. That is the ultimate dividend for the yr ended March 2023. 

The board of Tata Shopper Merchandise — whose well-liked manufacturers embody Tata Salt, Tetley, Tata Espresso, Tata Starbucks and Tata Sampann — authorised the dividend after the conclusion of its assembly. 

Tata Shopper Merchandise dividend: When will the payout be made?

The dividend, topic to the approval of shareholders on the firm’s subsequent annual common assembly, will probably be paid or dispatched after the AGM and inside 30 days of its declaration, in response to an organization assertion.

Tata Shopper Merchandise dividend: Document date

The Tata group firm is but to announce a report date — which determines the shareholders eligible to learn from company motion equivalent to a dividend — for its newest dividend.  

Tata Shopper Merchandise AGM date

Tata Shopper Merchandise is scheduled to conduct its sixtieth annual common assembly (AGM) on Tuesday, June 6. The AGM will probably be performed via video conferencing (VC) or different audio-visual means (OAVM), the corporate mentioned.

Tata Shopper Merchandise This fall outcomes

The board additionally authorised the corporate’s monetary outcomes for the quarter and the yr ended March 2023.

Tata Shopper Merchandise reported a 23.5 per cent year-on-year enhance in internet revenue to Rs 268.6 crore for the quarter ended March 2023. Its income grew 14 per cent to Rs 3,618.7 crore. The corporate exceeded analysts’ expectations each on the top-line and bottom-line fronts. 

Based on Zee Enterprise analysis, Tata Shopper Merchandise’ consolidated quarterly internet revenue was pegged at Rs 254 crore and income at Rs 3,510 crore. 

Tata Shopper Merchandise shares ended 0.3 per cent increased at Rs 734.3 apiece on BSE forward of the bulletins. 

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