Varun Beverages rallies 7% as stock turns ex-split. What should investors do?

Varun Beverages’ shares jumped 7% post its shares turning ex-split in the ratio of 1:1. The record date for determining entitlement of equity shareholders was fixed at June 15. The stock split had been announced by the FMCG major to increase the liquidity of the stock in the market. Varun Beverages reported a 69% YoY surge in profit amounting to INR429 crore for Q4FY21. The company’s revenue from operations surged 38% YoY to INR3,952 crore. Analysts are anticipating the company to register double-digit revenue growth momentum due to increasing distribution reach, manufacturing capacity & on-ground execution capabilities.