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Varun Beverages Ltd News

Varun Beverages to set up production units for PepsiCo in Zimbabwe, Zambia

Varun Beverages Ltd, a franchise partner of PepsiCo, on Monday said its two subsidiaries plan to enter into an agreement with the multinational food and beverages major to manufacture, distribute and sell the snacks brand 'Simba Munchiez' in Zimbabwe and Zambia. The company plans to set up manufacturing units in Zimbabwe and Zambia entailing an investment of USD 7 million (around Rs 60 crore), according to a regulatory filing by Varun Beverages Ltd (VBL). Through its subsidiaries - VFZ Varun Foods (Zimbabwe) Pvt Ltd (VFZ) and Varun Beverages (Zambia) Ltd (VBZ), VBL has discussed with PepsiCo to further strengthen and expand the latter's footprint in the snacks portfolio. It has discussed with PepsiCo to enter into an exclusive snacks franchising appointment with Premier Nutrition Trading LLC, Dubai (a PepsiCo Inc. subsidiary) to manufacture, distribute and sell 'Simba Munchiez' in the territory of Zimbabwe and Zambia, the filing added. "As per the understanding, an estimated ...

Varun Beverages to set up production units for PepsiCo in Zimbabwe, Zambia
Updated On : 15 Jul 2024 | 5:15 PM IST

Nestle, VBL, Godrej Cons: Nuvama picks these FMCG stocks on robust outlook

The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24

Nestle, VBL, Godrej Cons: Nuvama picks these FMCG stocks on robust outlook
Updated On : 14 Jun 2024 | 10:11 AM IST

Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings

Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said

Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings
Updated On : 27 May 2024 | 7:46 AM IST

Varun Beverages Q4 results: Net profit rises 25.2% to Rs 537.3 crore

PepsiCo's bottling partner focused on reducing sugar content in beverages

Varun Beverages Q4 results: Net profit rises 25.2% to Rs 537.3 crore
Updated On : 13 May 2024 | 7:20 PM IST

Varun Beverages Q1 results: Revenue up 11.3%, net profit at Rs 537 cr

Consolidated revenue from operations in the first quarter stood at Rs 4,397.98 crore as against Rs 3,952.59 crore in the year-ago period, it added

Varun Beverages Q1 results: Revenue up 11.3%, net profit at Rs 537 cr
Updated On : 13 May 2024 | 1:23 PM IST

Nestle, Britannia, ITC: Winners, losers from plastic waste management norms

In the KIE consumer staples universe, Dabur reported the highest packaging cost at 12.5 per cent of its standalone revenues in FY23

Nestle, Britannia, ITC: Winners, losers from plastic waste management norms
Updated On : 06 May 2024 | 6:40 PM IST

RJ Corp succession: Jaipuria's son gets food, daughter education and health

Both the RJ Corp companies, Varun Beverages (VBL) and Devyani International (DIL), are named after the founder Ravi Jaipuria children and are listed companies

RJ Corp succession: Jaipuria's son gets food, daughter education and health
Updated On : 23 Apr 2024 | 10:34 AM IST

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 ...

Varun Beverages starts production of soft drinks at Gorakhpur facility
Updated On : 13 Apr 2024 | 9:08 PM IST

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 completes acquisition of South African bottler BevCo
Updated On : 27 Mar 2024 | 8:52 PM IST

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,

Varun Beverages to expand capacities of juices, value-added dairy items
Updated On : 08 Mar 2024 | 4:05 PM IST

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.

This beverages stock has zoomed 107% in 8 months; hits Rs 2 trn market cap
Updated On : 26 Feb 2024 | 11:27 AM IST

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

Volume outlook remains strong for Varun Beverages after stellar Q3 results
Updated On : 06 Feb 2024 | 6:39 PM IST

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

Varun Beverages Q4 result: Profits surge 77%, revenue at Rs 2,731 cr
Updated On : 05 Feb 2024 | 2:03 PM IST