The Board of Directors at their meeting held today approved 2nd Interim Dividend for FY 2025 as per details enclosed.
VBL · price
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Varun Beverages' board, at its meeting on July 29, 2025, approved a second interim dividend of ₹0.50 per equity share (face value ₹2) for FY 2025 on 338.19 crore outstanding shares. The record date has been set as August 2, 2025, with payment scheduled from August 5, 2025. The board also approved unaudited financial results for Q1 and H1 ending June 30, 2025. Additionally, Mr. Pankaj Madan has been appointed as the new Chief Financial Officer effective July 30, 2025, replacing Mr. Rajesh Chawla who will continue in a defined finance role. The company will also incorporate a 50:50 joint venture called White Peak Refrigeration Private Limited with Everest International Holdings to manufacture visi-coolers and refrigeration equipment, with VBL investing ₹21.25 crore.
The ₹0.50 interim dividend is modest given VBL's high share price, so the yield impact is minimal for shareholders. The new CFO appointment brings in an experienced leader from Interglobe Enterprises (IndiGo), and the visi-cooler JV signals vertical integration into cooling equipment, which could support the company's distribution and cost efficiency going forward.