Britannia Industries Ltd board has approved an interim dividend of Rs 72 a share for the financial year ended March,2023.Britannia Industries had, in August 2020, paid a dividend of Rs 83 a share, which is the highest in its history of going public.
Shares of Britannia Industries outperformed Nifty50 by a wide margin in the last one year. The company’s stock has given positive returns to the tune of 34 per cent, whereas Nifty 50 has given negative returns of over 1 per cent.
The Interim Dividend is subject to deduction/withholding of applicable taxes and will be paid within the stipulated timelines as prescribed under the law, the FMCG giant said in its filing to the exchanges.
