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Varun Beverages Ltd - 540180 - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Postal Ballot Notice

 In continuation to our letter dated May 2, 2023 and pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of the Postal Ballot Notice dated May 2, 2023 along with explanatory statement seeking approval of Members by means of Postal Ballot through remote e-voting is attached.
03-05-2023
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Varun Beverages Ltd - 540180 - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Postal Ballot Notice

 In continuation to our letter dated May 2, 2023 and pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of the Postal Ballot Notice dated May 2, 2023 along with explanatory statement seeking approval of Members by means of Postal Ballot through remote e-voting is attached.
03-05-2023
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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 May 2, 2023 (post declaration of Unaudited Financial Results of the Company for the Quarter ended March 31, 2023) is as follows: Link: https://varunbeverages.com/financial-results/
02-05-2023

Varun Beverages Results Earnings Call for Q1CY23

 Conference Call with Varun Beverages Management and Analysts on Q1CY23 Performance and Outlook. Listen to the full earnings transcript.
02-05-2023

Pepsi bottler Varun Beverages posts Q1 profit jump; announces stock split

 Varun Beverages approved a share split of its existing shares in a ratio of 1:2 to boost its liquidity and make its stock "more attractive" to small investors
02-05-2023
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Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

 The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (iii) Alteration of the Capital Clause (Clause V) of the Memorandum of Association of the Company on account of aforesaid sub-division/split of existing Equity Shares by deletion of existing Capital Clause (V) i.e. 'The Authorized Share Capital of the Company is Rs. 10,00,00,00,000/- (Rupees One Thousand Crore only) divided into 1,00,00,00,000 (One Hundred Crore) Equity Shares of face value of Rs. 10/- (Rupees Ten only) each' and inserting the new Capital Clause (V) i.e. 'The Authorized Share Capital of the Company is Rs. 10,00,00,00,000/- (Rupees One Thousand Crore only) divided into 2,00,00,00,000 (Two Hundred Crore) Equity Shares of face value of Rs. 5/- (Rupees Five only) each', subject to the approval of Equity Shareholders through Postal Ballot.
02-05-2023
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Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Change in Directorate

 The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (i) As recommended by Nomination and Remuneration Committee, appointment of Mr. Abhiram Seth (DIN: 00176144) as an Additional Director (in the category of Non-Executive Independent Director) of the Company and to hold office as an Independent Director for a term of upto 5 (Five) consecutive years with effect from May 2, 2023, subject to the approval of Equity Shareholders through Postal Ballot. (ii) As recommended by Nomination and Remuneration Committee, appointment of Mr. Anil Kumar Sondhi (DIN: 00696535) as an Additional Director (in the category of Non-Executive Independent Director) of the Company and to hold office as an Independent Director for a term of upto 5 (Five) consecutive years with effect from May 2, 2023, subject to the approval of Equity Shareholders through Postal Ballot.
02-05-2023
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Q1CY23 Quarterly Result Announced for Varun Beverages Ltd.

 Varun Beverages announced Q1CY23 results: Revenue from operations (net of excise / GST) grew by 37.7% YoY to Rs 38,929.8 million Net realization increased by 10.4% to Rs 173.7 per case primarily due to a price increase, taken towards the end of the corresponding quarter last year. Total sales volumes grew by 24.7% in Q1CY23 to 224.1 million cases compared to 179.7 million cases in Q1CY22 EBITDA increased by 50.3% to Rs 7,980.4 million from Rs 5,309.9 million Gross margins improved by 89 bps to 52.4% from 51.5% in Q1CY23 EBITDA margins improved by 172 bps to 20.5% in Q1CY23 driven by operational efficiencies on the back of strong revenue growth PAT increased by 61.8% to Rs 4,385.7 million from Rs 2,710.9 million in Q1CY22 driven by high growth in revenue from operations, improvement in margins, and transition to a lower tax rate in India Depreciation increased by 31% and Finance cost increased by 33% in Q1CY23 on account of the capitalization of assets and setting-up of new production facilities. Commenting on the performance for Q1CY23 Ravi Jaipuria, Chairman, Varun Beverages said, “We are pleased to share that the Company achieved remarkable operational and financial performance during the quarter despite weather disruptions in some parts of India in the month of March. Moving onto our expansion plans, we are happy to report the commissioning of our greenfield production facility at Kota, Rajasthan, and brownfield expansion at 6 facilities. The additional Greenfield plant in Jabalpur, MP is expected to be operational very soon. With regard to our international growth plans, construction of a new production facility in DRC has already started. We expect the facility to be operational before the year-end. Our energy drink product has achieved a significant share in our overall mix and has firmly established our leadership position in the category. Our focus now turns towards new performers like Value Added Dairy, Sports Drinks, and Juice segments to sustain the growth momentum. These products continue to be well received by consumers, providing us with the confidence that these products will fuel the Company's next leg of growth. It gives me immense pleasure to announce, as approved by shareholders in our annual general body meeting, the final dividend of Re 1 per share taking the total dividend payout for the full year to level of Rs 3.5 per share. Furthermore, the Board recommended the split of existing equity shares of the Company from One equity share having face value of Rs 10 each into Two equity shares having face value of Rs 5 each. This is subject to the approval of equity shareholders of the Company. We are also committed to safeguarding our environment and promoting sustainability in all our operations. One of the key ways we are doing this is by investing in PET recycling and implementing measures to improve energy and water efficiency. Our goal is to have a net positive impact on the environment, and we are continuously evaluating and implementing new ways to minimize our ecological footprint. Overall, we are encouraged by our strong start and remain confident about delivering good performance this year. With our robust on-ground execution capabilities, expanding manufacturing capacities, and increasing distribution reach, we believe we are well-positioned to achieve sustainable growth in the medium to long term.” Result PDF
02-05-2023
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Varun Beverages Ltd - 540180 - Regulation 30: Outcome Of The Board Meeting

 The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) inter-alia considered and approved the following: (ii) Sub-division/split of existing Equity Shares from 1(One) Equity Share having face value of Rs. 10 each fully paid-up into 2 (Two) Equity Shares having face value of Rs. 5 each fully paid-up. (iii) Alteration of the Capital Clause of Memorandum of Association of the Company on account of aforesaid sub-division/split. (iv) Appointment of Mr. Abhiram Seth (DIN: 00176144) as an Additional Director (in category of Non-Executive Independent Director) w.e.f. May 2, 2023. (v) Appointment of Mr. Anil Kumar Sondhi (DIN: 00696535) as an Additional Director (in category of Non-Executive Independent Director) w.e.f. May 2, 2023. The detailed disclosures are enclosed as Annexure I to III respectively.
02-05-2023
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Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Please find attached herewith a copy of the Proposed Press Release to be issued by the Company. The same is also being uploaded on website of the Company at www.varunbeverages.com.
02-05-2023
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