The total dividend payout for the company would Rs 260.32 crore.

The FMCG company said that the interim dividend for the year 2023 will be paid on and from 8th May 2023 along-with the final dividend for the year 2022, if approved by the members at the 64th Annual General Meeting scheduled to be held on 12th April 2023. The record date for the said dividend payout is 21 April 2023.

While approving the company's fourth quarter results in February'23, the board of Nestle India had also recommended the payment of Rs 75 per share as the final dividend for the year 2022.

Nestle India manufactures internationally famous brand names such as Nescafé, Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid and Nestea and in recent years the company has also introduced products of daily consumption and use such as Nestlé Milk, Nestlé Slim Milk, Nestlé Dahi and Nestlé Jeera Raita.

The FMCG major reported 65.5% jump in net profit to Rs 628.06 crore on 13.58% rise in revenue from operations to Rs 4,256.79 crore in Q4 CY22 over Q4 CY21.

The scrip shed 0.72% to currently trade at Rs 19,530 on the BSE.