Varun Beverages Q1 results: Net profit rises 69% YoY to Rs 429 crore, stock split announced

Varun Beverages’ revenue from operations grew 37.8% YoY to Rs 3,952.5 crore. Varun Beverages expects approval of equity shareholders of a stock split that involves splitting the existing equity shares into two. The objective behind the stock split is to enhance the liquidity of the firm’s equity shares and encourage small investors to participate in them.

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