 "Nestle India may consider 2nd interim dividend for 2015")
Nestle India, which was hit hard by a ban on its popular instant noodles Maggi during the year, today said the company may consider a second interim dividend for the current fiscal.
"The board of directors on December 04, 2015 may consider declaration of second interim dividend for the year 2015, if any," said Nestle India in a regulatory filing.
Read more from our special coverage on "NESTLE MAGGI CONTROVERSY"
It further added: "The second interim dividend for 2015, if any declared, would be paid on and from December 23, 2015."
The company follows January-December financial year.
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Earlier on May 15, Nestle India had declared an interim dividend of Rs 14 per equity share for the year on the entire issued, subscribed and paid up share capital of the company of 96,415,716 equity shares of the nominal value of Rs 10 each.
The first interim dividend was paid from June 2.
Nestle relaunched Maggi noodles in the market on November 9, after fulfilling conditions set by Bombay High Court, which lifted ban imposed by FSSAI and Maharashtra FDA.
In June, FSSAI had banned Maggi noodles, saying it was "unsafe and hazardous" for consumption after finding lead levels beyond permissible limits.
Nestle India took a hit of Rs 450 crore, including destroying over 30,000 tonnes of the instant noodles since June when it was banned because of alleged excessive lead content.
Reeling under the Maggi ban, Nestle India had on October 29 reported 60.1% decline in the standalone net profit at Rs 124.20 crore for the third quarter ended September.
Net sales had declined 32.12% to Rs 1,736.20 crore as against Rs 2,557.80 crore of the July-September quarter a year ago.
It had reported a standalone loss of Rs 64.40 crore in the second quarter (April-June) for the first time in last 15 years due to the ban on Maggi.
