Varun Beverages fixes record date for final dividend. Check details here

Varun Beverages has set Friday, April 4, 2025, as the record date to identify the shareholders entitled to receive the final dividend distribution. The record date serves to determine which equity shareholders are eligible to receive the final dividend of Rs. 0.50 per equity share with a face value of Rs. 2 each for the financial year ending December 31, 2024.

The final dividend, upon approval by the equity shareholders at the 30th Annual General Meeting scheduled for Thursday, April 3, 2025, will be distributed starting Monday, April 7, 2025, to those shareholders whose names are recorded in the Company’s Register of Members or in the list of beneficial owners maintained by the Depositories as of Friday, April 4, 2025.

Since August 16, 2017, Varun Beverages has announced ten dividends, according to trendlyne data. The company announced an equity dividend of ₹2.50 per share throughout the previous 12 months.

Q3 Results

Varun Beverages, which is PepsiCo's largest franchise bottler, announced a 36 percent increase in its consolidated net profit to ₹195.64 crore for the December quarter of 2024, driven by growth in volume and enhanced margins.

The company, operating on a calendar year for its fiscal year, had reported a net profit of ₹143.76 crore during the October-December period a year earlier, as stated in a regulatory filing by Varun Beverages. Revenue from operations rose to ₹3,817.61 crore in the fourth quarter, compared to ₹2,730.98 crore for the same period in the previous fiscal year. According to the earnings statement, "EBITDA surged by 38.7 percent to ₹579.97 crore from ₹418.29 crore."

Varun Beverages share price today

Varun Beverages share price today opened at ₹534 apiece on the BSE, the stock touched an intraday low of ₹522.80 per share, and an intraday high of ₹534.80 per share.

Anshul Jain, Head of Research at Lakshmishree Investment and Securities stated that Varun Beverages share price has successfully tested the bounce-back target zone of 530-550, aligning with the falling 50-day EMA. This level now acts as a strong resistance. Immediate support is placed in the 500-520 zone, and a breach below this could trigger a fresh round of selling, pushing the stock toward 421 levels. Traders should watch price action closely—failure to hold above support may indicate renewed bearish momentum in the coming sessions.

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