Saurabh Chandrakar Dubai – Marico dividend 2024 record date, Fundamental Analysis

About Marico LTD

Marico (BSE: 531642, NSE: “MARICO”) is one of India’s leading consumer products companies, in the global beauty and wellness space. In FY 2022-23, Marico recorded a turnover of about USD 1.2 billion through its products sold in India and chosen markets in Asia and Africa. 

Marico touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute, Saffola, Saffola FITTIFY Gourmet, Saffola ImmuniVeda, Saffola Mealmaker, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Just Herbs, True Elements and Beardo. The international consumer products portfolio contributes to about 23% of the Group’s revenue, with brands like Parachute, Parachute Advansed, HairCode, Fiancée, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Purité de Prôvence, Ôliv, Thuan Phat and Isoplus.

Marico Dividend Record Date 2024

Marico, a leading FMCG company, declared a second interim dividend of ₹6.50 per equity share of ₹1 for the fiscal year 2023-24. The record date for the dividend is March 6, 2024, and it will be credited to eligible shareholders by March 28. Additionally, Marico disclosed the appointment of Nikhil Khattau as an additional director (non-independent non-executive), effective April 1, subject to shareholder approval and retirement by rotation.

Marico dividend payment date

According to the FMCG company, the second interim dividend will be paid to such shareholders on or before March 28.

Marico Q3 results: How FMCG firm performed in the October-December (Q3 FY24) period

Marico reported a 15.9 per cent increase in consolidated net profit to Rs 386 crore though its revenue from operations declined 1.9 per cent to Rs 2,422 crore for the third quarter of the current financial year. 

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