Marico shares trade ex-dividend; check out payment date

Marico dividend share price NSE: Marico shares began the day mildly lower at Rs 528.9 apiece on NSE after the dividend adjustment.

Marico dividend 2023: Marico shares traded ex-dividend date on Tuesday, November 7. | Image: Reuters

Marico dividend 2023, Marico dividend 2023 record date, Marico dividend payment date 2023, Marico dividend share price NSE: Marico shares traded ex-dividend on Tuesday, November 7. Home-grown FMCG major Marico had declared an interim dividend of Rs 3 per equity share for the financial year 2023-24.

Shares of the Mumbai-headquartered FMCG company—whose popular brands include Parachute, Nihar, Saffola, Livon and Set Wet—declined by as much as Rs 6.3, or 1.2 per cent, to Rs 526.9 apiece in early deals on NSE.

Marico dividend payment date

The interim dividend will be paid to shareholders on or before Wednesday, November 29.

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Marico dividend record date

Earlier, the company's board fixed October 17 as the record date for the dividend.

How Marico performed in Q2

The FMCG company reported a 17.26 per cent year-on-year increase in consolidated net profit to Rs 360 crore in the second quarter of the current financial year.

Its quarterly revenue from operations decreased to Rs 2,476 crore from Rs 2,496 crore a year ago. Read more on Marico Q2 earnings

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