Arvind Fashions Ltd Dividend 2024 : Should Arvind Fashions Ltd be a part of your dividend portfolio?
Arvind Fashions Ltd is one of the most popular Consumer Defensive company in the world with a market capitalisation of ₹6,157.07Cr. Its share price is ₹455.15 as on 8 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Arvind Fashions Ltd gave ₹1 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Consumer Defensive stocks do not always pay a dividend but as Arvind Fashions Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, Arvind Fashions Ltd has declared dividend of ₹1 - translating a dividend yield of 0.22%.
Let's look at Arvind Fashions Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Arvind Fashions Ltd’s revenue were ₹1,166.78Cr in the quarter ending December 2023. The revenue grew by 7.21% year on year basis since last quarter.
Arvind Fashions Ltd’s profits were ₹51.08Cr in the quarter ending December 2023. The profits grew by 531.4% year on year basis since last quarter.
Arvind Fashions Ltd’s dividend was ₹1 in the quarter ending March 2023.