Emami declares 400% interim dividend

Leading FMCG company Emami Ltd, engaged in manufacturing and marketing of personal care and healthcare products, has recommended an interim dividend of 400 per cent for FY2014-15. The board proposed an interim dividend of Rs 4 per share, aggregating to Rs 106 crore, including dividend tax.

"The Board of Directors has declared this interim dividend in view of the continuing strong financial performance of the company. The consolidated net sales of the company grew by over 25 per cent during the first quarter of FY2014-15 with 27 per cent growth in EBIDTA,” said Mohan Goenka, Director, Emami Ltd.
 
"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,” said Harsha V Agarwal, Director, Emami Ltd.
 
With a market cap of approx. Rs 16,000 crore, Emami Ltd is the flagship Company of Rs 8,000+ crore diversified Emami Group.