Varun Beverages releases Consolidated Quarterly Results for March 31, 2023. Varun Beverages has announced an increase in total income from Rs. 2266.446 Crores as of December 31, 2022, to Rs. 3962.727 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 74.751 Crores as of December 31, 2022, to Rs. 429.072 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 1.15 on December 31, 2022, to Rs. 6.60 on March 31, 2023, according to the company’s statement.
Varun Beverages Quarterly Results (Q1 CY2023) – Quarter-over-Quarter Comparison:
Total income of the company is Rs. 3962.727 Crores (March 31, 2023) vs. Rs. 2266.446 Crores (December 31, 2022)
Net profit/loss: Rs. 429.072 Crores (March 31, 2023) vs. Rs. 74.751 Crores (December 31, 2022)
EPS: Rs. 6.60 (March 31, 2023) vs. Rs. 1.15 (December 31, 2022)
| Financials | Q1 CY2023 | Q4 CY2023 | % Change |
| Total Income | ₹ 3962.727 Cr | ₹ 2266.446 Cr | ⬆ 74.84% |
| Net Profit | ₹ 429.072 Cr | ₹ 74.751 Cr | ⬆ 474.00% |
| EPS | ₹ 6.60 | ₹ 1.15 | ⬆ 473.91% |
Varun Beverages Quarterly Results (Q1 CY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 3962.727 Crores (March 31, 2023) vs. Rs. 2875.985 Crores (March 31, 2022)
Net profit/loss: Rs. 429.072 Crores (March 31, 2023) vs. Rs. 254.207 Crores (March 31, 2022)
EPS: Rs. 6.60 (March 31, 2023) vs. Rs. 3.91 (March 31, 2022)
| Financials | Q1 CY2023 | Q1 CY2022 | % Change |
| Total Income | ₹ 3962.727 Cr | ₹ 2875.985 Cr | ⬆ 37.79% |
| Net Profit | ₹ 429.072 Cr | ₹ 254.207 Cr | ⬆ 68.79% |
| EPS | ₹ 6.60 | ₹ 3.91 | ⬆ 68.80% |
Varun Beverages Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹1 per Equity Share of Face Value of ₹10 each of the Company (10% of Face Value). Total Dividend for FY23 stood at ₹2.50 per Equity Share (Interim Dividend of ₹10 per Equity Share)
| Dividend | Record Date |
| ₹1 per Equity Share | April 2023 (Date not Mentioned) |
The dividend’s record date has not yet come
About Varun Beverages:
Varun Beverages Limited is an Indian corporation that engages in the production, bottling, and distribution of beverages. As the second largest bottling company of PepsiCo’s beverages outside of the United States, it has achieved global recognition. Founded in 1995 as a subsidiary of RJ Corp, the company is named after the son of its founder, Ravi Jaipuria.
Download Full PDF Q4 Results Varun Beverages:
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