Multibagger in just 1 year; Board announced stock split and stellar quarterly results!

Shares of this company have gained more than 130 per cent in the last one year.

Varun Beverages Limited informed in the exchange filing that the company’s board has approved and fixed the record date for sub-division/split of the face value of the equity shares of the company having a face value of Rs.10 (Rupees Ten only) per equity share into two equity share of face value Rs.5.00 (Rupee Five Only) per equity share. The record date for the sub-division of the equity shares is fixed on Thursday, June,15.2023.

Furthermore, in Q4FY23, the revenue of the company stood at Rs 3952.59 crore which grew by 37.84 per cent YoY. The operating profit of the company stood at Rs 808.17, with an increase of 49.8 per cent YoY, and the PAT of the company increased by 61.79 per cent YoY, staying at Rs 438.60 crore.

Varun Beverages Limited has delivered multibagger returns to its shareholders. During this period, shares of Varun Beverages Limited surged from Rs 733.05 on June 06, 2022, to Rs 1705.10 on June 05, 2023, an increase of about 130 per cent in a one-year holding period.

Varun Beverages Ltd has been associated with PepsiCo since the 1990s and is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks, and packaged water sold under trademarks owned by PepsiCo.

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