Varun Beverages share rises over 5% on strong Q1 earnings
Varun Beverages share touched an intraday high of Rs 1055.4 rising 5.15% against previous close of Rs 1,003 on BSE
BusinessToday.In | May 4, 2021 | Updated 15:08 IST
Varun Beverages stock has gained 7.21% in the last 3 days.
Varun Beverages share rose over 5 percent today after the company reported strong earnings for the quarter ended March 2021(Q1) and board s approval for bonus share issue.
The stock touched an intraday high of Rs 1055.4 rising 5.15% against previous close of Rs 1,003 on BSE. Varun Beverages stock has gained 7.21% in the last 3 days. The stock opened with a gain of 2.56% at Rs 1029.35. The large cap stock has gained 62% in one year and risen 9.42% since the beginning of this year.
: Tuesday, May 4, 2021, 12:09 AM IST
Results: Varun Beverages Q1 net profit jumps to Rs 136.75 crore; Board approves 1:2 bonus issue
Results: Varun Beverages Q1 net profit jumps to Rs 136.75 crore; Board approves 1:2 bonus issue
Varun Beverages
Varun Beverages Ltd, PepsiCo s largest franchise bottler, on Monday reported a more than two-fold jump in consolidated net profit to Rs 136.75 crore in the first quarter ended March 2021, helped by volume growth across domestic and international markets.
The Board of Directors of Varun Beverages Ltd at their meeting held on Monday considered, approved and recommended the bonus issue of equity shares in the proportion of 1 (One) Equity Share of Rs 10 each for every 2 (Two) equity shares of Rs10 each held by the shareholders of the Company as on the record date. It is subject to the approval of shareholders through Postal Ballot i.e. in compliance with the applicable laws.
Varun Beverages Ltd, PepsiCo s largest franchise bottler, on Monday reported a more than two-fold jump in consolidated net profit to Rs 136.75 crore in the first quarter ended March 2021, helped by volume growth across domestic and international markets. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 60.06 crore in the year-ago period. Its total income during the quarter under review stood at Rs 2,275.60crore, up 31.96per cent from the same period a year ago. It was at Rs1,724.51crore in the corresponding period last fiscal, Varun Beverages said in a regulatory filing.