Varun Beverages, a prominent franchisee of PepsiCo outside the US, has released its Q2 results for the calendar year 2024, demonstrating impressive financial growth. Additionally, the company has announced a dividend and a stock split, enhancing shareholder value.
As of 12:38 PM the shares were trading 5.56% lower st ₹1,591.65 on NSE.
– Stock Split: “Sub-division/ split of the existing Equity Shares of the Company, such that each Equity Share having face value of Rs. 5/- (Rupees Five only) each fully paid-up, be sub-divided/split into such number of Equity Shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up, subject to the approval of Equity Shareholders of the Company through Postal Ballot, said the company’s filing.
Ravi Jaipuria, Chairman of Varun Beverages, expressed optimism about the company’s future, citing strong performance and growth potential in India. He highlighted the company’s focus on expanding infrastructure, distribution networks, and product portfolios to capitalize on market opportunities.
CY24Q2 Financial Performance:
|
Metric |
Q2 CY2024 |
Q2 CY2023 |
% Change |
|
Net Profit |
₹1,261.83 crore |
₹1,005.42 crore |
25.5% |
|
Gross Margin |
54.7% |
52.5% |
2.22% |
|
Consolidated Sales Volume |
401.6 million cases |
313.5 million cases |
28.1% |
|
Revenue |
₹7,333.6 crore |
₹5,699.7 crore |
28.3% |
|
EBITDA |
₹1,991.2 crore |
₹1,511.02 crore |
31.8% |
|
EBITDA Margin |
27.7% |
26.96% |
0.74% |
