Emami declares 400 per cent interim dividend for FY15

FMCG firm Emami on Wednesday approved a 400 per cent interim dividend for its shareholders for the 2014-15 fiscal.

The Kolkata-based company's board, which met on wednesday, recommended an interim dividend of 400 per cent or Rs 4 per share for FY15, Emami said in a statement.

"The Board of Directors has declared this interim dividend in view of the continuing strong financial performance by the company," Emami Director Mohan Goenka said.

The consolidated net sales of the company grew by over 25 per cent during the first quarter of FY15 with 27 per cent growth in EBIDTA, he added.

"Our power brands continue to perform strongly, impacting market sentiments positively and enhancing shareholder value. Our new launches also continue to perform well, meeting our expectations," Emami Director Harsha V Agarwal said.

Shares of Emami closed at Rs 704.10 per scrip on the Bombay Stock Exchange (BSE) on Wednesday, down 1.33 per cent from its previous close.