Varun Beverages Nears Record Date For Final Dividend: Bulls Eye Higher Levels; Will It Hit Above Rs 600?

As one of PepsiCo's largest franchisees beyond the US, Varun Beverages Limited (VBL) is a major force in the food and beverage industry. It manufactures and distributes a variety of carbonated and non-carbonated beverages, such as Pepsi, Mountain Dew, 7Up, and Aquafina, throughout India and a number of other countries. VBL is a member of the diverse commercial conglomerate RJ Corp. In addition to India, VBL is active in a number of foreign countries, such as Nepal, Sri Lanka, Morocco, and Zimbabwe. As the FMCG behemoth approaches the record date for the final dividend for the financial year ending December 31, 2024, Varun Beverages' shares closed Wednesday's trading session on the BSE 1.48% higher at Rs 546.90 a share, with a market capitalization of Rs 1,84,954.23 Cr.

Varun Beverages Dividend

In order to determine which equity shareholders are eligible to receive the final dividend of Rs. 0.50/-per equity share with a face value of Rs. 2 each for the financial year ending December 31, 2024, the Board of Directors has set Friday, April 4, 2025, as the record date.

The above said dividend will be paid on and from Monday, April 7, 2025 to shareholders whose names are listed in the company's Register of Members or in the list of beneficial owners kept by the Depositories as of Friday, April 4, 2025, after being approved by the Equity Shareholders of the company at their 30th Annual General Meeting, which is set for Thursday, April 3, 2025, as per a regulatory filing.

Varun Beverages News

On March 31, 2025, Varun Beverages announced a share purchase agreement between Ghana Bottling Company Limited to acquire 100% share capital of SBC Beverages Ghana Limited and a share purchase agreement between Tanzania Bottling Company SA, to acquire 100% share capital of SBC Tanzania Limited subject to regulatory and other approvals (if any) including but not limited to PepsiCo Inc, as per a stock exchange filing. "This is to inform, that the long stop date as per above-mentioned agreements has approached while certain conditions precedent are yet to be completed and no extension of long stop date has also been signed yet," Varun Beverages informed stock exchanges.

On March 25, 2025, the company invested Rs 2.24 crore to purchase 14% of the paid-up equity share capital of Aspirative Creative Ventures Private Limited, a special purpose vehicle (SPV) that will provide solar power to customers in the state of Uttar Pradesh. The facility is located in Gorakhpur, Uttar Pradesh, and will use the solar power for captive consumption.

Varun Beverages Share Price Target

KKUNAL V PARAR - VP OF TECHNICAL RESEARCH AND ALGO at Choice Broking said, "The stock has been trading above its 50-day moving average for an extended period, indicating a strong positive trend. Additionally, it has broken out of the upper band of a Falling Wedge pattern, a bullish reversal formation that suggests further upside potential. Moreover, the stock appears to be in the process of completing a Cup and Handle pattern. If this formation is successfully completed, it could lead to a significant upward move."

"The daily momentum indicator RSI is currently at 59.43, trading above the 50 mark. It has also broken out of its Falling Trendline, reinforcing the bullish sentiment. Given this technical setup, we anticipate an upside move toward 570-610, with a strict stop-loss at 510," the analyst further added.

Disclaimer

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