Varun Beverages, one of PepsiCo’s biggest franchisees, said on Tuesday that its consolidated profit after tax for the three months ended March 31, 2023, increased by 69% year over year (YoY) to ₹429 crore. In the same quarter of the prior fiscal year, the company had reported a net profit of ₹254 crore.
From ₹2,867.4 crore in March 2022 to ₹3,952.5 crore in the quarter, the company’s operating revenue increased by 37.8% year-on-year (YoY).
The board has approved stock split in the ratio 1:2. The board of directors of the company, subject to the approval of equity shareholders of the company, considered and approved the sub-division/splitting of existing equity shares of the company from 1 (one) equity share having face value of ₹10 each fully paid-up into 2 (two) equity shares having face value of ₹5 each fully paid-up.
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