🇮🇳 India Daybook: 3M India Declares ₹506 Dividend, Nykaa PAT Surges 290%

📍 QUARTERLY RESULTS

• 3M India: The company reported a stellar 201% YoY jump in net profit to ₹215.34 crore for Q4 FY26. Revenue from operations grew 16.7% to ₹1,399 crore, driven by strong performance across core segments.
• Nykaa (FSN E-Commerce): Net profit for the March quarter surged 290% to ₹78–79 crore. The company officially crossed the $1 billion annual revenue milestone in FY26, with EBITDA margins expanding to 7.5%.
• ITC: Reported a standalone PAT of ₹5,113 crore, beating street estimates. FMCG revenue grew 10% YoY, while the board recommended a final dividend of ₹8 per share.

📍 DIVIDEND & BUYBACK

• 3M India: Recommended a massive total dividend of ₹506 per share (comprising a ₹160 final dividend and a ₹346 special dividend) for FY26.
• TCS: The stock trades ex-dividend today, May 25, for its final dividend of ₹31 per share.
• Tata Consumer Products: Shares turn ex-dividend today for a final payout of ₹10 per share.
• Wipro: The IT major has finalized the record date for its ₹15,000 crore share buyback program; investors are monitoring the entitlement ratio.
• ITC: Today is the last day for investors to buy shares to qualify for the ₹8 per share final dividend, ahead of the May 27 record date.

📍 ACQUISITION

• Adani Power: The company has signed definitive agreements to acquire power assets from the Jaypee Group for an enterprise value of ₹4,194 crore. The deal is expected to be value-accretive and significantly boost Adani’s merchant power capacity.

📍 CORPORATE ACTION

• NSE (National Stock Exchange): Holding an Extraordinary General Meeting (EGM) today, May 25. Key agenda items include increasing the NRI/OCI investment limit to 24% and amending the Articles of Association as a precursor to its highly anticipated IPO.
• PAE Ltd: Today is the record date for the company's 6:1 bonus issue.
• LTM Ltd: The stock turns ex-dividend today for a final dividend of ₹53 per share.

📍 FUNDRAISING

• Indian Overseas Bank (IOB): The board has approved a plan to raise up to ₹5,000 crore through various routes, including QIP, FPO, or a rights issue.
• Union Bank of India: The board is scheduled to meet tomorrow, May 26, to consider and approve equity fundraising plans for the current fiscal year.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News