– Varun Beverages reported a 25.5% increase in profit after tax for the June quarter
– Revenue from operations grew by 28.3% year-on-year
– Company’s shares plunged 6% following announcement of stock split
– Stock split will involve each equity share of Rs 5 being split into equity shares of Rs 2 each
– Dividend of Rs 1.25 per share announced, with total cash outflow of Rs 162.43 crore
– Company focusing on strengthening infrastructure, distribution network, and product portfolio for growth
– Expanded partnership with PepsiCo to manufacture and distribute new products in Zimbabwe, Zambia, and Morocco
– Commenced commercial production of carbonated soft drinks and packaged drinking water at Greenfield facility in DRC