Consolidated revenue, net of excise duty, grew by nearly 22% YoY to Rs 3,871 crore, led by a healthy growth in volumes and realisations. Despite the strong earnings growth, the stock wiped the gains and fell 0.7% to Rs 946.10 due to profit-booking.
Varun Beverages on Tuesday announced a stock split in the ratio of 1:2 which means the stock with a face value of Rs 10 will have two shares with a face value of Rs 5 each., Markets News, Times Now
Varun Beverages total sales volumes in the March quarter grew by 24.7 percent to 224.1 million cases compared to 179.7 million cases on yearly basis backed by strong demand