Multibagger FMCG Major Fixes Record Date For 1:2 Stock Split, Q4 Net Profit Soared 69%

Board of PepsiCo's India franchise bottler, Varun Beverages Ltd on June 5 fixed June 15, 2023 as the record date for stock split. Soon after the large cap FMCG major company set record date for sub-division of shares, its shares surged 0.23% on BSE at 11:555 am. Current market price of Varun Beverages Ltd is Rs 1700.00 apiece on BSE. Varun Beverages stock delivered 131% return in last 1-year only. Check Details below:

1. Varun Beverages Sets Record Date For Stock Split

According to the BSE filing of the company, "This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors fixed Thursday, June 15, 2023 as the 'Record Date' for determining entitlement of Equity Shareholders for the purpose of sub-division / split of existing Equity Shares of the Company from 1(One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 2 (Two) Equity Shares having face value of Rs. 5/- (Rupees Five only) each fully paid-up, as approved by the Equity Shareholders through Postal Ballot on June 2, 2023."

2. Varun Beverages Q4

The company declared its consolidated profit after tax (PAT) for the 3 months ended March 31 at Rs 429 crore, up 69% as against Rs 254 crore announced in the corresponding quarter of preceding year. Varun Beverages, for quarter ended March, declared revenue from operations at Rs 3952.5 core, up 38% as compared Rs 2867.4 crore announced in March 2022.

3. Varun Beverages Stock Performance & Return

Current market price of the large cap stock is Rs 1700.60 per share. Its 52-week high price is quoted at Rs 1747.15 per share and 52-week low price is quoted at Rs 716.65 per share, respectively. Varun Beverages shares jumped 17% in last 1-month only, 25% in last 3-months, again 25% in last 6-months, 261% return in last 2-years, and 504% rally in last 3-years.

4. Varun Beverages About

Varun Beverages Limited ("VBL" or the "Company") is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). The Company manufactures, distributes and sells a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo, according to its LinkedIn page.