Varun Beverages soars 9%, hits new high on bonus issue plan, healthy Q1 nos
On the back of an improving demand environment, the management remains confident of delivering healthy volume growth in the medium to longer term29-04-2022
29-04-2022
Earnings Call for Q1CY22 of Varun Beverages Ltd
Conference Call with Varun Beverages Management and Analysts on Q1CY22 Performance and Outlook. Listen to the full earnings transcript.29-04-2022
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 organized on April 28, 2022 post declaration of Unaudited Financial Results of the Company for the Quarter ended March 31, 2022 is as follows: Link: https://varunpepsi.com/wp-content/uploads/2022/04/VBL-Q1-CY2022-Concall-Audio.mp3 You are requested to take the above on record.28-04-2022
Varun Beverages Ltd - 540180 - Board recommends Bonus Issue
Varun Beverages Ltd has informed BSE that the Board of Directors at their meeting held on April 28, 2022, inter alia, has considered and approved the following:- Recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot i.e. in compliance with the applicable laws.28-04-2022
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) Recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot i.e. in compliance with the applicable laws. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. ClR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - I.28-04-2022
Q4FY22 Quarterly Result Announced for Varun Beverages Ltd.
Varun Beverages declares Q4FY22 result: Net Revenues higher by 26% YoY to Rs. 28,275 mn EBITDA increases 39% YoY to Rs. 5,310 mn PAT grew 98% YoY to Rs. 2,711 mn Performance review for Q1 CY2022 vs. Q1 CY2021 Revenue from operations (net of excise / GST) grew by 26.2% YoY to Rs. 28,274.7 million led by robust volume growth and improved net realizations Realization per case improved by 6.3% to Rs. 157.3 per case driven by price hike in select SKUs, change in SKU mix and higher realization in international markets Total sales volumes were up 18.7% YoY at 179.7 million cases as compared to 151.4 million cases driven by strong demand across geographies EBITDA increased by 39.1% YoY to Rs. 5,310.0 million in Q1 CY2022 from Rs. 3,816.2 million in Q1 CY2021 Gross margins reduced by 427 bps to 51.5% primarily due to increase in preform/pet chips prices by ~30% over Q1 CY2021. Despite increase in input costs, EBITDA margin improved by 175 bps to 18.8% in Q1 CY2022 led by higher realization and operating leverage from increased sales volume. PAT increased by 98.2% YoY to Rs. 2,710.9 million in Q1 CY2022 from Rs. 1,367.6 million in Q1 CY2021 PAT growth was driven by improvement in margins, reduction in finance cost and higher profitability from our international operations. Finance cost in Q1 CY2022 declined by 19.0% to Rs. 469.6 million primarily because of lower average cost of borrowing. Commenting on the performance for Q1 CY2022, Mr. Ravi Jaipuria, Chairman – Varun Beverages Limited said,“We have started the year on a strong note, delivering notable growth across all parameters. Robust demand in both domestic and international markets, also supported by the early onset of summer in India, translated to healthy volumes during the quarter. This along with improved net realizations resulted in a solid net revenue growth of 26.2% in Q1 CY 2022. On the profitability front as well, we have delivered enhanced performance despite significant increase in input costs during the quarter. Our EBITDA grew by 39.1% and our margins improved to 18.8% in Q1 CY 2022. On the demand front, we are seeing a solid uptick in consumption. The summer season in the domestic market has begun well and as we enter the peak months, we are well prepared to cater to the anticipated demand by optimizing our capacity utilization across all our plants and further enhancing our reach across established and underpenetrated markets. During the quarter, the Board approved the proposal to manufacture “Kurkure Puffcorn” for PepsiCo India as part of their network of co-packers. The commercial production is expected to begin from Q3 CY 2022. As we look ahead, on the back of an improving demand environment, we remain confident of delivering healthy volume growth in the medium to longer term. We are also happy to share that as a token of appreciation to all our shareholders, the Board today has recommended a bonus issue of 1 equity share for every 2 equity shares held by shareholders of the Company as on the record date. Overall, our initiatives towards improving our market share, building infrastructure, and expanding reach continue to hold us in good stead and we are confident of delivering strong and sustainable growth going forward.” Result PDF28-04-2022
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.28-04-2022
Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith a copy of the Presentation on Unaudited Financial Results of the Company for the Quarter ended March 31, 2022. The same is also being uploaded on website of the Company at www.varunpepsi.com.28-04-2022
Varun Beverages Ltd - 540180 - Board Meeting Outcome for 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: (i) The Unaudited Financial Results of the Company (Standalone and Consolidated) for the Quarter ended March 31, 2022 . (ii) Recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot i.e. in compliance with the applicable laws. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. ClR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - I.28-04-2022