Varun Beverages, PepsiCo’s largest franchise bottler, has a record dividend payout history. With a market cap of Rs. 60,171.03 crore, Varun Beverages Limited is a major company engaged in the FMCG sector of India. One of PepsiCo’s largest franchisees outside the US and a major player in the beverage industry is Varun Beverages Limited. The company manufactures and markets a wide range of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including soft drinks sold under the PepsiCo trademarks. So far, VBL has been granted franchise rights for various PepsiCo products in 27 Indian states and 7 Union Territories. VBL has 31 manufacturing facilities in India and 6 overseas, including 2 in Nepal and 1 each in Zambia, Zimbabwe, Sri Lanka, Morocco and Zambia.
Payment of interim dividend of Rs. 2.50 (Rupees two and fifty paise only) per equity share for the financial year 2022 on a total of 64,95,49,620 equity shares issued, subscribed and paid up of the nominal value of Rs. 10/- each. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Friday, August 12, 2022, fixed as the “Record Date” for ascertaining the eligibility of equity shareholders for payment of interim dividend. has been done The interim dividend will be paid on Tuesday, August 16, 2022 and to those shareholders whose names appear in the register of members or beneficial owners maintained by the depositories of the Company on Friday, August 12, 2022. “
Finance
Varun Beverages reported a two-fold increase in gross profit after tax to Rs 802.01 crore for the June quarter on growth in income from operations and improvement in margins.
The company, which follows the January-December financial year, had posted a PAT of Rs 318.80 crore in April-June 2021.
Varun Beverages Ltd’s (VBL) income from operations stood at Rs 5,017.57 crore in the quarter, more than double the Rs 2,483.04 crore in the year-ago period, when sales channels were disrupted.
“Revenue from operations increased due to stronger volume growth compared to last year and higher receipts on a stable basis,” VBL said in its earnings statement.
“Due to strong demand and a return to normalcy during the peak season, total sales volume increased 96.9% year-on-year to 300 million cases in Q2/2022 compared to 152 million cases in Q2/2021.” said.
However, its gross margin declined by 302 basis points to 50.5 percent during Q2/2022 as advance prices increased by 30 percent compared to Q2/2021.
It said EBITDA margin improved to 25.2 percent in Q2/2022, led by higher receivables and operating leverage from increased sales volume.
Stock price history
The stock closed at Rs 926.95 today, up 5.01% from the previous close. In the last 1 year, the stock has gained 76.20% and on YTD basis, the stock has gained 58.04% so far in 2022. The stock has gained 47.82% in the past six months and 17.92% in the past. Month Over the last 5 days the stock price has increased by 6.42%.
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