Nestle India, a food and beverage company, has reported a 57.2% increase in its after-tax profit for the fourth quarter of 2022 compared to the same period in 2021. However, its profit dropped by 9.1% compared to the third quarter of 2022. Meanwhile, several other Indian companies, including Shree Cement, Maan Aluminium, Chambal Fertilisers, and Kothari Sugars, will trade ex-dividend on Thursday. When a company goes ex-dividend, its stock does not carry the value of the next dividend payment.

Nestle India, Shree Cement, Maan Aluminium, Chambal Fertilisers, and Kothari Sugars are the focus of the latest updates in the financial market. Here are the highlights:

Nestle India:
Q4 profit-after-tax expected to rise 57.2% YoY to ₹608 crore.
QoQ drop of 9.1% likely.

Ex-Dividend:

Shree Cement, Maan Aluminium, Chambal Fertilisers, and Kothari Sugars will trade ex-dividend on Thursday. Ex-dividend date is set one or two days before the record date.

Shree Cement:

Announced an interim dividend of ₹45 per equity share.

Record date for the dividend is 16 February.

Shares were trading 0.095% higher at ₹24,901.40 apiece on the BSE in Thursday’s trade.

Chambal Fertilisers:

Announced an interim dividend of ₹4.50 per equity share.

Record date for the dividend is 16 February.

Shares fell 0.033% to trade at ₹298.95 per share on the BSE in trade today.

Maan Aluminium:

Announced an interim dividend of Re 1 per equity share.

Record date for the dividend is 16 February.

Kothari Sugars:

Announced an interim dividend of Re 0.50 per share.

Record date for the dividend is 16 February.

#NestleIndia #Q4Earnings #ExDividend #ShreeCement #MaanAluminium #ChambalFertilisers #KothariSugars