Varun Beverages Limited’s Board of Directors has declared and approved a final dividend of ₹0.5 per equity share of face value of ₹2 each for the financial year ending December 31, 2024.
On April 2, 2025, Varun Beverages share price (NSE: VBL) opened at ₹540.00 and closed at ₹545.20, up by 1.20%. The stock price touched its day’s high at ₹548.00.
The company informed the exchanges that the Board of Directors have fixed Friday, April 4, 2025, as the Record Date to determine the eligibility of shareholders entitled to receive the Final Dividend of ₹0.50 per Equity Share with a face value of ₹2 each for the financial year ended December 31, 2024.
The company also added that the final dividend, subject to approval by the Equity Shareholders at the company’s 30th Annual General Meeting scheduled for Thursday, April 3, 2025, will be disbursed from Monday, April 7, 2025, to shareholders whose names appear in the Register of Members or the list of beneficial owners maintained by the Depositories as of Friday, April 4, 2025.
For CY2024, the company’s revenue from operations (net of excise/GST) increased 24.7% YoY to ₹2,00,076.5 million, compared to ₹1,60,425.8 million in CY2023. This growth was driven by a 23.2% increase in consolidated sales volume, which rose to 1,124.4 million cases from 912.9 million cases in the previous year.
Profit after tax (PAT) also saw a 25.3% rise, reaching ₹26,342.8 million in CY2024, up from ₹21,018.1 million in CY2023, primarily due to higher sales volume and improved margins.
Varun Beverages Limited (VBL) is a leading player in the beverage industry and one of the largest PepsiCo franchisees globally, outside the United States. The company manufactures and distributes a diverse portfolio of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including packaged drinking water, under PepsiCo-owned trademarks.
The company’s last dividend declaration was an interim dividend of ₹1.25 per share, with a record date of August 9, 2024.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 3, 2025, 8:15 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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