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Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

 This is to inform you that the Share Allotment Committee of the Board of Directors of the Company in its meeting held today i.e, February 6, 2023 has allotted 1,500 equity shares of face value of Rs. 10/- each of the Company to 1 (One) eligible employee upon exercise of options vested under Employees Stock Option Scheme 2016. In terms of Regulation 10(c) of the SEBI ESOP Regulations, the details of shares allotted as above are given in "Annexure -I' to this intimation. The same is being uploaded on website of the Company www.varunpepsi.com
06-02-2023
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Varun Beverages Ltd - 540180 - Update - Registrar & Share Transfer Agent

 In continuation to our letter dated January 4, 2023 regarding the change of Registrar and Share Transfer Agent ("RTA") from 'Link Intime India Private Limited (Link Intime)' to 'KFin Technologies Limited (KFin)' and to comply with the provisions of Regulation 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has also entered into a Tripartite Agreement with KFin and Link Intime on February 6, 2023, accordingly all the formalities for change of RTA from Link Intime to KFin have been completed.
06-02-2023
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Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

 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) Due to retirement of existing Joint Statutory Auditors viz. M/s. Walker Chandiok & Co. LLP, Chartered Accountants upon completion of their 2(two) consecutive terms of 5(five) years each, M/s. J C Bhalla & Co., Chartered Accountants are appointed as Joint Statutory Auditors of the Company, subject to the approval of shareholders at the ensuing AGM of the Company.
06-02-2023
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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: (iv) Re-appointment of Ms. Sita Khosla (DIN: 01001803) as an Independent Director of the Company for a second term of upto 5 (Five) consecutive years with effect from February 16, 2023, subject to the approval of shareholders at the ensuing AGM of the Company. (v) Re-appointment of Dr. Ravi Gupta (DIN: 00023487) as an Independent Director of the Company for a second term of upto 5 (Five) consecutive years with effect from March 19, 2023, subject to the approval of shareholders at the ensuing AGM of the Company. (vi) Re-appointment of Ms. Rashmi Dhariwal (DIN: 00337814) as an Independent Director of the Company for a second term of upto 5 (Five) consecutive years with effect from March 19, 2023, subject to the approval of shareholders at the ensuing AGM of the Company.
06-02-2023
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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) Recommendation of final dividend of Re. 1 per Equity Share of nominal value of Rs. 10 each for Financial Year ended December 31, 2022 (iii) M/s. J C Bhalla & Co., Chartered Accountants appointed as Joint Statutory Auditors subject to approval of shareholders at ensuing AGM. (iv) Re-appointment of Ms. Sita Khosla (DIN: 01001803), Dr. Ravi Gupta (DIN: 00023487) and Ms. Rashmi Dhariwal (DIN: 00337814) as Independent Directors for second term of upto 5 consecutive years Further, in continuation to our letter dated January 4, 2023 regarding change of RTA from 'Link Intime India Private Limited' to 'KFin Technologies Limited' & to comply with Reg 7 of SEBI LODR, Company has also entered into a Tripartite Agreement with KFin & Link Intime on February 6, 2023.
06-02-2023
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Varun Beverages Ltd - 540180 - Corporate Action-Board approves Dividend

 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) Recommendation of final dividend of Re. 1 (Rupee One only) per Equity Share of the nominal value of Rs. 10/- each for the Financial Year ended December 31, 2022 to the shareholders of the Company on a Record Date to be fixed after taking approval of the shareholders at the ensuing AGM of the Company. To comply with the applicable provisions of the Companies Act, 2013 read with rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the final dividend will be paid within the prescribed statutory period.
06-02-2023
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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: (vii) To convene 28th Annual General Meeting ('AGM') of the Company on Monday, March 27, 2023, through Video Conferencing / Other Audio Video Means ('VC/ OAVM') facility, without the physical presence of the Members at a common venue. (viii) Register of Members and Share Transfer Books of the Company shall be closed from Monday, March 20, 2023 to Monday, March 27, 2023 (both days inclusive) for the purpose of 28th AGM of the Company.
06-02-2023
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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: (vii) To convene 28th Annual General Meeting ('AGM') of the Company on Monday, March 27, 2023, through Video Conferencing / Other Audio Video Means ('VC/ OAVM') facility, without the physical presence of the Members at a common venue. (viii) Register of Members and Share Transfer Books of the Company shall be closed from Monday, March 20, 2023 to Monday, March 27, 2023 (both days inclusive) for the purpose of 28th AGM of the Company.
06-02-2023
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Q3FY23 Quarterly Result Announced for Varun Beverages Ltd.

 Varun Beverages announced Q4CY22 results: Q4CY22 vs Q4CY21: Revenue from operations (net of excise / GST) grew by 27.7% YoY to Rs 22,142 million. Net realization increased by 6% to Rs 164 primarily due to price hike in select SKUs, rationalized discounts/incentives, and improvement in mix of smaller SKUs (250ml) especially the energy drink – Sting, which has a higher net realization. Sales volumes grew by 17.8% in Q4CY22 to 132.0 million cases. EBITDA increased by 48.1% to Rs 3,075 million from Rs 2,076 million. EBITDA margins improved by 192 bps to 13.9% in Q4CY22. PAT improved by 150.2% to Rs 815 million from Rs 326 million in Q4CY21 in a seasonally weak quarter. CY22 vs. CY21: Revenue from operations (net of excise / GST) grew 49.30% YoY to Rs 1,31,731 million in CY22 as compared to Rs 88,232 million in CY21. Sales volume grew by 40.9% in CY22 to 802 million cases supported by strong performance in India as well as International territories. EBITDA increased by 68.5% to Rs 27,881 million in CY22 from Rs 16,546 CY21. Gross margins reduced by 180 bps to 52.5% from 54.3% in CY22 primarily due to increase in perform prices by over 30% during the year. EBITDA margin improved by 241 bps to 21.2%, led by higher realizations and operating leverage from increased sales volume. PAT increased by 107.8% to Rs 15,501 million from Rs 7,461 million in CY21, driven by high growth in revenue from operations, improvement in margins, and transition to a lower tax rate in India. Depreciation increased by 16% in CY22 on account of the capitalization of assets and Finance cost remained almost flat in CY22. Commenting on the performance for Q4 & 2022 Mr. Ravi Jaipuria, Chairman, Varun Beverages Limited said, “We are pleased to close the year on a strong note with exceptional operational and financial performance reported throughout CY22. The strong recovery in demand post the pandemic and our continued efforts towards expanding the distribution network across markets resulted in a 41% growth in consolidated sales volume. Additionally, we achieved growth in realization per unit through strategic measures such as selective price hikes, rationalized discounts and incentives, and improved product mix. This allowed us to deliver revenue growth of 49% and PAT growth of 108% YoY on a consolidated basis in CY22. We are excited to share that our energy drink, Sting, had a remarkable year, contributing significantly to both volume and realization growth. As the product is in an expanding category, we anticipate its strong performance to sustain in the coming year. Our recent launches in the value-added Dairy segment have also been well-received by consumers, and we are confident that these products will continue to drive growth in the future. As a leading beverage company serving over 1.3 billion customers globally through our extensive network of over 3 million retail outlets, we take our responsibility to the environment seriously. We are committed to sustainable & responsible operations and have taken a proactive stance in promoting sustainability in the beverage industry. Our aim is to minimize our impact on the environment and foster sustainable practices throughout our supply chain. Looking forward, we aim to further strengthen our position as a key player in the beverage industry by leveraging our strong presence in fast-growing markets, solid infrastructure, and well-established distribution network. Our focus remains on delivering high-quality products, further expanding our reach in key markets, and capitalizing on new opportunities to create sustainable long-term value for all stakeholders.” Result PDF
06-02-2023
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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.varunpepsi.com.
06-02-2023
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