Varun Beverages Share: A Success Story of Investments and Growth
Varun Beverages Share: In the world of finance and stock markets, tales of ‘what could have been’ often make the rounds. Who hasn’t heard stories about the bonuses and stock splits of Wipro and Infosys? Investors often muse on the fortunes they could have made had they invested in these giants a couple of decades ago. And yet, the market still offers stories of companies that continue to reward their shareholders with bonuses and stock splits. One such remarkable story is that of Varun Beverages.
Reaping the Rewards of Investment
Varun Beverages Share has an impressive history of rewarding its shareholders. In the past four years, the company’s stocks have received three bonus distributions and a stock split. Every time, the company awarded one bonus share for every two held by the investors. Furthermore, during its stock split, the company reduced the face value of its shares from ₹10 to ₹5. This company had made its debut with an Initial Public Offering (IPO) on November 8, 2016. Investors initially received 33 shares for ₹14,685. After all the bonus distributions, an investor who held onto these shares would now have a total of 109 shares.
As if that wasn’t reward enough, come June 15, 2023, the company also initiated a stock split, effectively doubling the shares held by investors. Thus, those with 109 shares now boasted a portfolio with 218 shares. As of a recent trading day, Varun Beverages’ shares closed at ₹926 on the BSE. When multiplied, the shares now account for a value exceeding ₹2 lakh, representing a significant appreciation from the initial ₹14,685 investment.
Varun Beverages Share A Growing Enterprise
Varun Beverages isn’t just about impressive stock returns. Its business model and operations have showcased consistent growth. In the first quarter, the company’s consolidated net profit surged by 25.3%, reaching ₹1005.4 crores, up from ₹802 crores in the same quarter the previous year. Furthermore, the company’s revenue increased by 13.5%, totaling ₹5699.7 crores, up from ₹5,017.57 crores the previous year. This consistent performance has garnered increased interest from investors. Even Bank of America Securities has recommended buying the company’s shares, setting a target of ₹1,030 per share. Additionally, the company has recently approved the acquisition of a 5.03% stake in Lunarmech Technologies for ₹10 crores.
Varun Beverages: A Portfolio of Brands
Behind the company’s successful financial journey lies its robust portfolio of brands. It boasts several brands from the PepsiCo CSD range, including Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda, and Evervess. Additionally, it also sells beverages like Tropicana Slice, Tropicana Juice, Seven-Up Nimbooz, Gatorade, and packaged water under the Aquafina brand.
While the tales of Infosys and Wipro might be legends of the past, companies like Varun Beverages continue to script their success stories in the present. It serves as a testament to the fact that with the right choices and a keen eye on the market, the next big investment story might just be around the corner.
