Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, representatives of the Company shall participate in the meeting of group of investors as per schedule given in the enclosed intimation. The above information is uploaded on website of the Company at www.varunbeverages.com.
Hot Stocks | Here's why you should bet on KPR Mill, Varun Beverages for short term
The technical indicators are very much in line with the ongoing sentiments, adding bullish biases in the stock prices of Varun Beverages. Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Investors & Analysts Conference Call held on August 3, 2023 i.e. post declaration of Unaudited Financial Results for the Quarter and Half Year ended June 30, 2023. Varun Beverages Ltd - 540180 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ravi Kant Jaipuria & PACs
Buy Varun Beverages; target of Rs 970: Emkay Global Financial
Emkay Global Financial is bullish on Varun Beverages has recommended buy rating on the stock with a target price of Rs 970 in its research report dated August 03, 2023. Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, link of audio recording of Investors & Analysts Conference Call held on August 3, 2023 (post declaration of Unaudited Financial Results of the Company for the Quarter and Half Year ended June 30, 2023) is as follows: Link: https://varunbeverages.com/financial-results/
Varun Beverages Ltd. Results Earnings Call for Q2CY23
Conference Call with Varun Beverages Management and Analysts on Q2CY23 Performance and Outlook. Listen to the full earnings transcript. Varun Beverages Ltd - 540180 - Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015: Disclosure Of Related Party Transactions For The Half Year Ended June 30, 2023
Disclosure of Related Party Transactions for the Half Year ended June 30, 2023. Q2CY23 Quarterly & H1CY23 Bi-Annual Result Announced for Varun Beverages Ltd.
Non-alcoholic Beverages company Varun Beverages announced Q2CY23 & H1CY23 results: Q2CY23: Revenue grew 13% YoY to Rs 56,114 million EBITDA increased by 20.8% to Rs 15,110.2 million from Rs.12,506.2 million in Q2CY22 PAT increased by 25.4% to Rs 10,054.2 million from Rs 8,020.1 million in Q2CY22 H1CY23: Revenue grew 22% YoY to Rs 95,044 million EBITDA higher by 30% YoY to Rs 23,091 million PAT increased by 35% to Rs 14,440 million Commenting on the performance for Q2CY23 & H1CY23 Ravi Jaipuria, Chairman, Varun Beverages, said, “We have delivered a resilient performance in the quarter, despite facing a soft demand environment in India due to abnormally high unseasonal rains throughout the quarter. Our consolidated revenue grew by 13.3% during the quarter, with our international territories showing strong momentum. Furthermore, sales volume growth and improvement in realization per case, contributed to a 20.8% and 25.4% improvement in our EBITDA and PAT performance during Q2, respectively. Our newly established greenfield plants and brownfield manufacturing lines have become operational. In line with our commitment to meet the increasing demand, especially for our juices and value-added dairy products, we are currently in the process of establishing greenfield facilities in the States of Uttar Pradesh, Maharashtra, and Odisha. These new facilities, along with the upcoming facility in DRC, are expected to be fully operational before the season next year. Further, we have incorporated a new subsidiary in South Africa to explore the business of manufacturing and distribution of beverages. We remain firmly committed to minimizing our environmental impact and promoting a greener, more sustainable future. In line with our sustainability mission, we are pleased to share that we recently introduced 100% recycled PET bottles for Pepsi Black in certain sub-territories. As a partner of PepsiCo, we take immense pride in actively participating in this transformative initiative and collaborating to build a greener future for generations to come. Moreover, we are delighted to share that VBL has recently received the esteemed recognition of "PepsiCo's International Bottler of the Year 2022." This outstanding accomplishment further validates VBL’s commitment to operational excellence, strong governance principles, and sustainability endeavours. We are also pleased to share that in line with our dividend policy, the Board of Directors has approved an interim dividend at 25% of face value i.e. Rs 1.25 per share. While we witnessed slower-than-anticipated demand due to unseasonal rains, we remain optimistic about our full-year performance, especially considering the lower seasonality in our business following the integration of West and South territories. As we move forward, we will continue to capitalize on our position as a key player in the beverage industry and focus on strengthening our capabilities in line with customer preferences. We are confident this approach will translate into sustainable value for all stakeholders.” Result PDF
