Varun Beverages Ltd - 540180 - Grant Of Stock Options
The Nomination and Remuneration Committee of the Board of Directors in its meeting held today approved the grant of 3,000 stock options under the Employees Stock Option Scheme 2016.03-02-2022
03-02-2022
Earnings Call for Q3FY22 of Varun Beverages
Conference Call with Varun Beverages Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.03-02-2022
Varun Beverages Ltd - 540180 - Book Closure For 27Th Annual General 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) To convene 27th Annual General Meeting ('AGM') of the Company on Thursday, April 7, 2022, through Video Conferencing / Other Audio Video Means ('VC/ OAVM') facility, without the physical presence of the Members at a common venue. (iii) Register of Members and Share Transfer Books of the Company shall be closed from Thursday, March 31, 2022 to Thursday, April 7, 2022 (both days inclusive) for the purpose of 27th AGM of the Company. Further, please note that the Company is following 1st January to 31st December as its financial year in terms of Section 2 (41) of the Companies Act, 2013 as approved by the Company Law Board.03-02-2022
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: (iv) Re-classification of Authorized Share Capital of the Company to Rs. 1000,00,00,000 (Rupees One Thousand Crore only) divided into 100,00,00,000 Equity Shares of face value of Rs. 10/- each and consequent alteration to the existing Clause V of the Memorandum of Association of the Company, subject to the approval of shareholders of the Company. Presently, Authorized Share Capital of Rs. 1000,00,00,000 (Rupees One Thousand Crore only) consists of Preference Share Capital of Rs. 500,00,00,000 (Rupees Five Hundred Crore only) and Equity Share Capital of Rs. 500,00,00,000 (Rupees Five Hundred Crore only). Post re-classification, Authorized Share Capital shall remain the same without any change in the Paid-up Share Capital of the Company.03-02-2022
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) To convene 27th Annual General Meeting ('AGM') of the Company on Thursday, April 7, 2022, through Video Conferencing / Other Audio Video Means ('VC/ OAVM') facility, without the physical presence of the Members at a common venue. (iii) Register of Members and Share Transfer Books of the Company shall be closed from Thursday, March 31, 2022 to Thursday, April 7, 2022 (both days inclusive) for the purpose of 27th AGM of the Company. Further, please note that the Company is following 1st January to 31st December as its financial year in terms of Section 2 (41) of the Companies Act, 2013 as approved by the Company Law Board.03-02-2022
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: (v) Due to retirement of existing Joint Statutory Auditors viz. M/s. APAS & Co. LLP, Chartered Accountants at the ensuing AGM of the Company, M/s. O P Bagla & Co. LLP, Chartered Accountants are appointed on rotation as Joint Statutory Auditors of the Company, subject to the approval of shareholders of the Company. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated September 9, 2015 is enclosed as Annexure - I.03-02-2022
Q3FY22 Quarterly Result Announced for Varun Beverages Ltd.
Varun Beverages declares Q3FY22 result: Q4 CY 2021: Net Revenue grew 30.3% YoY to Rs. 17,343 mn EBITDA higher by 20.5% YoY to Rs. 2,076 mn\ PAT at Rs. 326 mn vs loss of Rs. 72 mn CY 2021: Net Revenue grew 36.8% YoY to Rs. 88,232 mn EBITDA grew 37.7% YoY to Rs. 16,546 mn PAT higher by 108.8% to Rs. 7,461 mn Commenting on the performance for Q4 & CY 2021 Mr. Ravi Jaipuria, Chairman, Varun Beverages Limited said, “We have ended the year on a strong and resilient note, delivering a top line growth of 37% in the year. The performance was driven by a robust volume growth of 34%. While the short-term disruptions due to the second wave of the pandemic severely impacted our domestic business in the seasonally strong month of May, our team was able to handle and mitigate the impact to a large extent based on learnings from last year. As restrictions started easing in the domestic market, we saw a fast recovery in demand, that brought back the growth momentum with which we started the year. Improved offtake across our international territories further aided growth during the year. We continue to sustain cost-optimisation measures that we had undertaken during the pandemic period. Despite decline in our gross margins due to higher pet prices, our cost optimization measures in combination, with a higher operating leverage on the back of strong volume growth has translated to enhanced operating performance in 2021. I am also pleased to share that even in a seasonally soft quarter we have reported profits for the first time ever in Q4 on account of these measures, increased operating leverage, improvement in profitability of international operations and lower financing cost. Financing cost came down significantly during the year led by lowering of average cost of borrowing. For the full year our PAT grew by 109% because of these measures and higher volume growth. On the whole, we have delivered an encouraging performance during the year. The third wave of Covid has not had any significant impact on our business and we will continue to further strengthen our distribution in under-penetrated territories, enhancing volumes, and increasing our market share. We are confident of delivering a much stronger performance going forward.” Result PDF03-02-2022
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.03-02-2022
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 Audited Financial Results of the Company for the Financial Year ended December 31, 2021. The same is also being uploaded on website of the Company at www.varunpepsi.com.03-02-2022
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: (i) Audited Financial Results (Standalone & Consolidated) for Quarter & FY ended December 31 2021 (Copy of same alongwith Audit Report with unmodified opinion are attached and are being uploaded on website) (ii) To convene 27th AGM on April 7 2022 through VC/OAVM facility (iii) Register of Members & Share Transfer Books closed from March 31 2022 to April 7 2022 (both days inclusive) for 27th AGM (iv) Reclassification of Authorized Share Capital to Rs. 1000,00,00,000 divided into 100,00,00,000 Equity Shares of face value Rs 10 each & consequent alteration to existing Clause V of MOA subject to approval of shareholders (v) Due to retirement of existing Joint Statutory Auditors M/s. APAS & Co. LLP at ensuing AGM, M/s. O P Bagla & Co. LLP are appointed on rotation as Joint Statutory Auditors subject to the approval of shareholders03-02-2022