Bajaj Consumer to Offer 300% Dividend: Here’s What You Need to Know

Bajaj Consumer Limited, the company behind popular products like Bajaj Almond Drops Hair Oil, has announced a significant 300% dividend during its recent board meeting on February 5, 2023. If you’re a shareholder, it’s important to take specific actions to benefit from this announcement.

Let’s take a closer look at the details of the Bajaj Consumer Dividend 2024, including the record date, share performance, and the company’s financial situation, to give you a comprehensive understanding of the situation.

Bajaj Consumer to Offer 300% Dividend: Here’s What You Need to Know

TopicDetails
Share PerformanceToday’s share price: Rs 213.55. Recent declines: 1.2% (day), 6.1% (1 month), 5.5% (6 months), 26.5% (1 year), 18.6% return (2 years), 14% decline (5 years).
Dividend Announcement300% interim dividend approved, equals Rs 3 per share based on the face value of Rs 1.
Record DateFebruary 17, 2024. Shareholders must hold shares in their demat account until this date to benefit from the dividend.
How to BenefitHold shares in demat account until February 17, 2024, or purchase shares a few days before this date to qualify for the dividend.
Dividend HistoryCompany has issued dividends on six occasions from 2020 to 2024, ranging from Rs 2 to Rs 6.
Business OverviewManufacturer of hair care, beauty, and personal care products, operating in over 30 countries with brands like Bajaj Almond Drops Hair Oil and Nomarks.
December Quarter ResultsReported net revenue of Rs 230 crore (December 2022), Rs 235 crore (September 2023), and Rs 239 crore (December 2023).

Share Performance:

Unfortunately, Bajaj Consumer’s shares have not been performing well recently. As of February 7, 2014, the share price closed at Rs 213.55, marking a 1.2% decline for the day. Over the past month, six months, and year, the share price has experienced declines of 6.1%, 5.5%, and 26.5% respectively. While there was an 18.6% return over two years, a 14% decline over the past five years indicates poor performance.

Dividend Announcement:

During the meeting on February 5, 2024, the Board of Directors approved an impressive 300% interim dividend, which translates to Rs 3 per share based on the face value of Rs 1. This means that each shareholder will receive Rs 3 per share as dividend.

Record Date:

The record date for the Bajaj Consumer Care Limited Dividend is set for February 17, 2024. To benefit from the dividend, shareholders must hold shares in their demat account until this date.

How to Benefit:

If you’re keen on availing the dividend, it’s essential to ensure that you hold shares in your demat account until February 17, 2024. For those considering purchasing shares, it’s advisable to do so a few days before this date to ensure that you hold shares on February 17 and qualify for the dividend.

Dividend History:

Bajaj Consumer Care has a track record of issuing dividends. From 2020 to 2024, the company has issued dividends on six occasions, with the current dividend being the seventh. Previous dividends ranged from Rs 2 to Rs 6.

Business Overview:

Bajaj Consumer Care specializes in the manufacturing of hair care, beauty, and personal care products, and its portfolio includes renowned brands such as Bajaj Almond Drops Hair Oil and Nomarks. The company operates across more than 30 countries.

December Quarter Results:

In the final quarter of 2022, the company reported a net revenue of Rs 230 crore, which increased to Rs 235 crore in September 2023, and further to Rs 239 crore in December 2023. Although there was a slight decrease in profit on a quarter-on-quarter basis, the overall financial results indicate stability, supported by a good Return on Equity (ROE) and dividend payouts.

While Bajaj Consumer Care has a tradition of offering dividends, the share performance and sales growth over the last five years suggest that it is important for investors solely interested in dividends to exercise caution.