Varun Beverages Interim Dividend: Last Day To Buy Shares To Qualify — Details Here
The largest bottling franchise for Pepsi Co. outside the United States informed the stock exchanges that the interim dividend would be paid on or from Friday, May 9.
Shares of Varun Beverages Ltd. remain in focus on Tuesday, May 6, ahead of the record date for the interim dividend payout.
To be eligible for the interim dividend, investors need to buy Varun Beverages shares today. The record date for determining the eligible shareholders to receive the interim dividend has been fixed by the company as May 7.
In an exchange filing dated April 30, Varun Beverages said that Wednesday, May 7, 2025, has been finalised as the record date for identifying shareholders entitled to the interim dividend payout.
The largest bottling franchise for Pepsi Co. outside the United States informed the stock exchanges that the interim dividend would be paid on or from Friday, May 9.
"The interim dividend will be paid on and from Friday, May 9, 2025, to those shareholders whose name appears in the Register of Members of the Company or in the list of beneficial owners maintained by the Depositories as on Wednesday, May 7, 2025," the company informed the stock exchanges.
Due to the T+1 settlement cycle, any shares bought on the record date itself, in this case May 7, will not be eligible for the dividend payout. As a result, only shareholders who hold shares by the close of trading on Tuesday, May 6, will qualify to receive the interim dividend declared by Varun Beverages.
Varun Beverages Quarterly Results
The decision to distribute the dividend was made during the meeting of the Board of Directors of the company held on April 30. During the meeting, the board approved the payment of an interim dividend of Rs 0.5 per equity share for the financial year 2024-2025. This dividend applies to the company’s entire issued, subscribed and paid-up equity share capital, which comprises 338,18,65,692 equity shares of a face value of Rs 2 each.
Dividends are one of the mechanisms through which companies share their earnings with shareholders, providing returns beyond potential capital appreciation.
Varun Beverages recently announced its first quarter results, reporting a 35% year-on-year increase in net profit. The company follows a January-December financial year.
For the quarter ending in March 2025, the Pepsi Co. bottler posted a consolidated net profit of Rs 726.49 crore, up from Rs 537.27 crore in the same period in 2024, according to its filing with the stock exchanges.
Revenue rose by 29.2%, reaching Rs 5,566.94 crore compared to Rs 4,317.31 crore in the corresponding quarter of the previous year. EBITDA increased by 28% to Rs 1,263.96 crore, up from Rs 989 crore last year. EBITDA margins stood at 22.7%, slightly lower than last year’s 22.9%.
Shares of Varun Beverages were trading nearly flat at Rs 539.85 apiece, up 0.20%, on the NSE in early trade at 9:32 a.m., compared to the benchmark Nifty trading at 24,445.35, down 0.06%.
