Page 2 - Varun Beverages

Varun Beverages starts production of soft drinks at Gorakhpur facility

Varun Beverages, leading bottler of beverage major PepsiCo, on Saturday said it has started commercial production of soft drinks and energy drinks from its production facility at Gorakhpur, Uttar Pradesh. The Jaipuria family-promoted firm will also start juices and value-added dairy products from the Gorakhpur facility, Varun Beverages Ltd (VBL) said in a regulatory filing. "Our company has today started commercial production of carbonated soft drinks & energy drinks (juices and value added dairy products to be started) at its production facility at Gorakhpur, Uttar Pradesh," it said. VBL said it is investing about Rs 1,100 crore for the greenfield project. In its latest annual report statement, VBL said it is expanding production capacities in the juices and value-added dairy products segments in 2024. VBL operates across six countries. Three markets of the Indian Subcontinent -- India, Sri Lanka, and Nepal contributed 83 per cent of its net revenues, while three African ...

Prediction of scorching heat creates winners in Indian stock market

Consumption of soda, ice creams and dairy products typically jumps sharply during the summer

Varun Beverages completes acquisition of South African bottler BevCo

Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Wednesday said it has completed the acquisition of South Africa-based Beverage Company (BevCo) along with its wholly-owned subsidiaries. The acquisition was done after receipt of requisite approvals from PepsiCo Inc and Competition Commission South Africa and now BevCo has become a subsidiary of the company from March 26, Varun Beverages Ltd (VBL) in a regulatory filing. VBL has also issued a corporate guarantee amounting to ZAR 1,500 million (around Rs 660 crore) to secure credit facilities extended to BevCo by the FirstRand Bank there, it added. However, it also added: "There is no impact of this corporate guarantee on the company." In December 2023, VBL announced its plans to acquire 100 per cent stake in BevCo, along with its wholly-owned subsidiaries at an enterprise level, valued at about Rs 1,320 crore (about ZAR 3 billion). BevCo holds franchise rights from PepsiCo in South Africa, Lesotho and Eswatini. It also h

Varun Beverages to expand capacities of juices, value-added dairy items

Varun Beverages, leading bottler of beverage major PepsiCo, is expanding its production capacities in the juices and value-added dairy products segments in 2024, according to the latest annual report of the company. Besides, Varun Beverages Ltd (VBL) is strengthening its distribution network and chilling infrastructure, which is essential to enhance presence in the existing and under-penetrated markets, its promoter & Non-Executive Chairman Ravi Jaipuria told shareholders. "Central to our expansion strategy for CY 2024 is the further development of manufacturing facilities, with a focus on adapting to evolving consumer preferences and market trends. We are particularly concentrating on increasing our production capacities in the juices and value-added dairy products segments," he said. The company operates across six countries. Three markets of the Indian Sub-continent, India, Sri Lanka and Nepal, contributed 83 per cent of its net revenues, while three African countries, Morocco,

This beverages stock has zoomed 107% in 8 months; hits Rs 2 trn market cap

In past one month, Varun Beverages has outperformed the market by surging 24 per cent, as compared to 1.3 per cent rise in the S&P BSE Sensex.

Volume outlook remains strong for Varun Beverages after stellar Q3 results

The Indian market led on the volume front, experiencing a growth of 19 per cent, while international markets posted a 16 per cent growth

Varun Beverages Q4 result: Profits surge 77%, revenue at Rs 2,731 cr

Consolidated net profit rose to Rs 132 cr ($15.9 million) for the fourth quarter ended Dec. 31, compared with Rs 74.75 crore rupees in the year-ago period

BevCo's acquisition to aid Varun Beverages' market share, EPS: Analysts

Shares of Varun Beverages hit a new peak of Rs 1,380.45 as they surged 18 per cent in Wednesday's intraday trade. With an m-cap of Rs 1.63 trillion, VBL stands at 40th position in m-cap ranking

Stocks to Watch: SpiceJet, Embassy REIT, BPCL, Nippon AMC, DOMS, Varun Bev

Stocks to Watch on December 20, 2023: Mumbai-based businessman Harihara Mahapatra and his wife Preeti are likely to invest Rs 1,100 crore in SpiceJet for a 19 per cent stake

Varun Beverages Ltd to acquire The Beverage Company for Rs 1,320 cr

Varun Beverages Limited said that the indicative time period for the completion of the acquisition is on or before July 31, 2024

Rural penetration, capacity gains to drive Varun Beverages' growth

The double-digit growth of the company is better than FMCG peers

Varun Beverages hits new high, gains 4% on healthy Q3 results

In Q3CY23, Ebitda margins improved by 79 bps to 22.8 per cent Y-o-Y driven by higher gross margins and operational efficiencies

Pepsi India bottler Varun Beverages posts profit growth on steady volumes

The company, which also sells Aquafina packaged bottled water, said its consolidated revenue from operations grew 13.60 per cent to Rs 5,700 crore year-on-year

Varun Beverages Q2 results: Net profit rises 26.2% YoY, revenue up 13.5%

The company's revenue from operations was up 13.5 per cent to Rs 56,997.34 crore from Rs 50,175.75 crore in the June quarter last year

Varun Beverages rises 3% on strong Q2 results; stock up 26% so far in 2023

The company's revenue rose 13 per cent year-on-year (YoY) to Rs 5,611 crore in the second quarter of calendar year 2023 (Q2CY23)

9 new entrants in Rs 1 trn m-cap club in '23; HAL, Varun Beverages make cut

Hindustan Aeronautics, Varun Beverages among firms to enter

Varun Beverages trades ex-date for 1:1 stock split, soars 7% in muted mkt

VBL said stock split will enhance liquidity of the company's equity shares and encourage participation of small investors by making equity shares of the company more attractive to invest

More than skin-deep: Nifty Next 50 complexion to get a shade of difference

Removal of non-F&O stocks could lead to addition/subtraction of 11 stocks, triggering a Rs 5,000-crore churn

Sporadic rains hurt sales of summer products, firms counting on June

The untimely episodes of rainfall have prevented the rise in temperatures in north India which usually experiences hot weather during the months of April and May

Varun Beverages briefly becomes 4th largest FMCG by market capitalisation

Overtakes Britannia in m-cap during intraday trade