Important meeting of the board of Varun Beverages on May 2, will decide on stock split.

New Delhi: An important meeting of Varun Beverages, one of the largest franchisees of PepsiCo, is going to be held on May 2, 2023. Stock split and fourth quarter financial results will be approved in this meeting.

The company said in a BSE filing, “We would like to inform you that a meeting of the Board of Directors of the Company will be held on May 2, 2023 to consider and approve the standalone and consolidated unaudited financial results for the quarter ended March 31, 2023.” .”

The company has also informed that the proposal for sub-division / split of each share with face value of Rs 10 will also be considered.

Varun Beverages Share Price

Varun Beverages Share Price was trading at a level of Rs 1,435.05 with a decline of 0.85 per cent. In the previous session, the share price of the company was Rs 1,447.40. This stock has gained up to 9.33 per cent in the last 10 days. The stock of Varun Beverages has seen a jump of 112 per cent in the last one year. In the last five years, this stock has seen a jump of 631.74 percent. The 52-week high of this stock is Rs 1,474. The 52-week low of this stock is Rs 662.67.

The quarterly result of the company was excellent

In the financial year ending 31 December 2022, an increase of 150 percent was recorded in the consolidated net profit of Varun Beverages. The consolidated net profit of the company stood at Rs 81.5 crore in the December quarter.