Varun Beverages is scheduled to release its results for the January-March quarter today (April 30). Investors will watch closely for signals on profitability, volumes, and a potential dividend for the stock which has declined nearly 2 percent in the past one month.
The company has scheduled a conference call with its investors and analysts at 2.30 pm today. The results are expected to be released prior to the call.
Varun Beverages shareholders eye dividend payout:
While intimating stock exchanges about its board meeting to approve the financial results, the Pepsico-bottler also said that its directors will consider and approve a dividend for its shareholders. Notably, the company had last announced a final dividend of Rs 0.50 per equity share for calendar year 2024 in February this year. The dividend was paid to the eligible shareholders in April.
The company is now expected to announce the first dividend of the calendar year 2025.
Varun Beverages share price history:
Varun Beverages shares opened at Rs 529 apiece on April 30. The stock has seen a significant decline in the recent months, accompanying the benchmark indices. The stock has fallen over 4 percent in the last five days. It has further fallen nearly 19 percent in 2025 so far.
How did Varun Beverages perform in the December quarter?
Varun Beverages on February 10 had reported a 36 percent year-on-year jump in net profit at Rs 196 crore for the quarter ended December 31, 2024, driven by volume growth and improved margins. The Gurugram-based company had said that its domestic volumes increased 11.4 percent during the quarter.
Varun Beverages had projected a capex of Rs 3100 crore for the calendar year 2025.
Varun Beverages Stock Split history:
Varun Beverages had announced a stock split in 2:5 ratio in 2024. Companies often carry out stock splits to lower the price per share, making it more affordable for smaller investors. However, this doesn’t alter the company’s overall value or an investor's stake as the shares owned are split according to the share split ratio. By boosting the number of shares at a lower price, stock splits are aimed at enhancing trading volume and liquidity.
After the stock split on September 12, the share price dropped to Rs 635.50 from its previous close of Rs 1,569.15. The shares however have fallen significantly since then.
Also read: Bajaj Finance announces 4:1 bonus issue, 1:2 stock split
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