Varun Beverages board to mull bonus issue

26 Apr 2022 , 11:47 AM

On the same day, the board will also consider financial results for quarter ended 31 March 2022.

Varun Beverages has been granted franchises for various PepsiCo products across 27 States and 7 Union Territories in India.

On a consolidated basis, the company reported a net profit of Rs 16.49 crore in Q4 CY2021 as against net loss of Rs 19.73 crore in Q4 CY2020. Net sales rose 30.31% to Rs 1,734.33 crore in Q4 CY2021 over Q4 CY2020, primarily on account of strong volume growth. Total sales volumes were up by 28.5% YoY at 112.0 million cases in Q4 CY2021.

Shares of Varun Beverages were trading 1.09% lower at Rs 1,085 on BSE. The scrip hit a 52-week high of Rs 1,140 in intraday trade today.

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