Varun Beverages Limited (VBL) — Corporate Action | 10 February 2025

{ "summary": "Varun Beverages reported FY2024 net profit of ₹21,018.13 crores, up 32% YoY, with revenue at ₹163,210.63 crores. The board approved a ₹0.50 per share final dividend and appointed Sanjay Grover & Associates as secretarial auditors pending shareholder approval at the April 3, 2025 AGM. Audited financials show strong growth across metrics, with EPS rising to ₹7.95. The company also completed key acquisitions in Africa and announced new African subsidiary operations. Share split and capital raises support expansion plans.", "extractedFields": { "keyEvent": "Board approves FY2024 results, ₹0.50 dividend, and appoints secretarial auditors pending AGM approval.", "whatChanged": 32.0, "forwardGuidance": "April 3, 2025", "investorTakeaway": "Strong profit growth and dividend signal confidence, but expansion risks remain.", "dividend": { "recommendedAmount": 0.5, "currency": "INR", "perShare": true, "recordDate": null }, "appointment": { "appointee": "Sanjay Grover & Associates", "role": "Secretarial Auditors", "term": "up to 5 years", "approvalRequired": true, "agmDate": "April 3, 2025" }, "financialResults": { "audited": true, "period": "Quarter and FY ended December 31, 2024", "currency": "INR", "revenue": 163210.63, "netProfit": 21018.13, "epsBasic": 7.95, "epsDiluted": 7.94 }, "agm": { "date": "April 3, 2025", "format": "Video Conferencing / Audio Video Means", "purpose": "Appointment of secretarial auditors and other resolutions" }, "financialMetrics": { "revenueQ3FY2024": 38176.15, "revenueFY2024": 163210.63, "netProfitFY2024": 21018.13, "totalAssets": null }, "revenueFromOperations": { "Q3FY24": 20140.27, "Q2FY24": 30868.41, "Q1FY24": 18463.04, "FY24": 143486.0, "FY23": 126328.26 }, "netProfitAfterTax": { "Q3FY24": 2086.17, "Q2FY24": 4923.38, "Q1FY24": 1186.29, "FY24": 23203.64, "FY23": 17751.26 }, "totalComprehensiveIncome": { "Q3FY24": 2243.93, "Q2FY24": 4943.59, "Q1FY24": 1155.94, "FY24": 23411.72, "FY23": 17730.49 }, "earningsPerShareBasic": { "Q3FY24": 0.63, "Q2FY24": 1.52, "Q1FY24": 0.36, "FY24": 7.11, "FY23": 5.46 }, "earningsPerShareDiluted": { "Q3FY24": 0.63, "Q2FY24": 1.52, "Q1FY24": 0.36, "FY24": 7.11, "FY23": 5.46 }, "shareSplitRatio": "1:2", "recordDate": "12 September 2024", "faceValueBeforeSplit": "5", "faceValueAfterSplit": "2", "qipSharesIssued": 132743362, "qipPremiumPerShare": 563, "qipTotalProceeds": 75000, "qipUtilisedAmount": 54944.98, "acquisitionSBCT": { "purchaseConsiderationUSD": 154.5, "targetCountry": "Tanzania", "regulatoryApprovalsRequired": [ "PepsiCo Inc.", "Fair Competition Commission (FCC) Tanzania" ], "completionDeadline": "31 March 2025" }, "acquisitionSBCG": { "purchaseConsiderationUSD": 15.06, "targetCountry": "Ghana", "regulatoryApprovalsRequired": [ "PepsiCo Inc." ], "completionDeadline": "28 February 2025" }, "acquisitionLunarmech": { "stakeAcquired": 39.93, "purchaseConsiderationINR": 2000, "effectiveDate": "16 December 2024" }, "auditFirm1": "O P Bagla & Co LLP", "auditFirm2": "J C Bhalla & Co", "auditOpinion": "Unmodified", "financialYearEnd": "31 December 2024", "regulation": "SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015", "reportType": "Standalone and Consolidated Annual Financial Results", "auditScope": "Includes subsidiaries, associates, and joint ventures; specific audited entities listed in Annexure 1", "financialHighlights": { "totalAssetsSubsidiaries": "73,775.58 million", "totalRe