Wednesday, 9 May 2018

Godrej Consumer Offers Bonanza To Shareholders With 700% Dividend- Business News


Godrej Consumer Products announced its Q4 results on Tuesday. The company's net profits for the March quarter rose 18% from Rs. 251 crore (in the corresponding quarter of 2017 fiscal) to Rs. 295 crore. The company has announced a bonanza of dividend to the shareholders amounting to Rs. 7 per share (700%) on the share price of Re 1 each. The company's Q4 sales soared 7% to Rs. 1,329 crore, while the adjusted Q4 EBITDA soared 22% to Rs. 383 crore, the company announced in a stock market filing. The net profit (without exceptional and one-off items) of consolidated business rose by 12% and of India business by 18%.
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