Godrej Consumer Products Limited (GCPL), a leading Indian consumer goods company, has announced a dividend of Rs 10 per share for the financial year 2022-23. The dividend will be paid to shareholders on a record date to be announced later..
This dividend declaration follows the company’s strong financial performance in FY23. GCPL reported a consolidated revenue of Rs 13,661 crore for the year, an increase of 12% year-over-year. The company’s net profit also grew by 15% year-over-year to Rs 1,188 crore..
The dividend announcement was made at the company’s annual general meeting held on August 10, 2023. The shareholders approved the dividend payment and also re-elected Adi Godrej as the company’s chairman..
The Rs 10 per share dividend is a positive news for GCPL shareholders. The company has a history of paying regular dividends to its shareholders, and this dividend declaration demonstrates its commitment to rewarding its investors..
GCPL is a well-established consumer goods company with a strong portfolio of brands across various categories, including personal care, household care, and food. The company has a presence in over 100 countries worldwide, and its products are used by millions of consumers every day..
The company’s strong financial performance and dividend payment are a testament to its sound business model and its ability to generate consistent cash flows. GCPL is well-positioned to continue its growth trajectory in the years to come, and its shareholders can expect to reap the benefits of the company’s success in the form of future dividend payments..
In addition to the dividend announcement, GCPL also provided an update on its business performance and outlook. The company said that it is seeing strong growth in its international markets, particularly in Africa and Latin America. GCPL is also investing in new product development and innovation to drive future growth..
The company’s management team is confident about the future and believes that GCPL is well-positioned to continue its growth journey. The company is targeting double-digit revenue growth in the coming years and is committed to delivering superior returns to its shareholders..
Overall, GCPL’s dividend declaration and business update are positive news for the company and its shareholders. The company is well-positioned to continue its growth trajectory and deliver value to its investors in the years to come..
