Tata Consumer Products Board Approves Dividend, Says Significant Progress Made on Supply Network
News 18Tata Consumer Products board in its annual general meeting has approved a dividend payment for its shareholders. The company said: “The Board has approved a dividend of Rs 6.05/equity share, up 49 per cent YoY.” Earlier, on the dividend front, the company’s filing dated May 4, 2022 said, “The Board has recommended a final dividend of Rs. Our growth businesses – NourishCo, Tata Sampann, Tata Soulfull, and Tata Q, collectively grew 52 per cent during the year and we are investing in these businesses to fuel them further,” the BSE filing noted. While noting the probable challenges ahead, the company said: “Geo-Political tensions, supply chain challenges, and demand-supply mismatches in crude and several other commodities are driving persistent inflation, which will likely impact demand across categories.