Varun Beverages Ltd - 540180 - Statement Of Investor Complaints For The Quarter Ended December 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0220 Name of the Signatory :- Ravi BatraDesignation :- Company Secretary and Compliance Officer Varun Beverages Ltd - 540180 - Closure of Trading Window
Pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 and further clarification issued by the Stock Exchanges in this regard, we wish to inform you that the Trading Window for trading in Equity Shares of the Company will remain close from Saturday, January 1, 2022 till end of 48 hours after the declaration of Annual Financial Results for the Financial Year ending December 31, 2021. During the closure of Trading Window, insiders have been advised not to deal in Equity Shares of the Company. The date of the Board Meeting of the Company for declaration of Annual Financial Results for the Financial Year ending December 31, 2021 will be intimated in due course. 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. Varun Beverages Ltd - 540180 - Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements): Intimation Of Incorporation Of New Company In Democratic Republic Of Congo
We would like to inform you that Varun Beverages Limited ('Company') has incorporated a New Company i.e. 'Varun Beverages RDC SAS' in the Democratic Republic of Congo to carry on the business of manufacturing, selling, trading and distribution of carbonated and non-carbonated beverages. 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. 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 94,650 stock options under the Employees Stock Option Scheme 2016. 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 94,650 stock options under the Employees Stock Option Scheme 2016. Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of Listing Regulations, we would like to submit that the representatives of Varun Beverages Limited shall meet a group of investors as part of CITIC CLSA India Forum 2021 on 18th November, 2021 through video-conference.
Earnings Call for Q2FY22 of Varun Beverages
Conference Call with Varun Beverages Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript. Varun Beverages Ltd - 540180 - Update - Set Up New Plants Of The Company
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:30 A.M.) inter-alia considered and approved the following: (ii) Subject to regulatory and other approvals (if any), to set up a new plant of the Company for manufacturing of plastic preforms and plastic closures at Kathua, Jammu & Kashmir; and (iii) Subject to regulatory and other approvals (if any), to set up a new plant of the Company for manufacturing of juice, carbonated soft drinks and packaged drinking water at Baruni, Begusarai, Bihar. Varun Beverages Ltd - 540180 - Update - Registrar And Share Transfer Agent
In continuation to our letter dated July 22, 2021 regarding the change of Registrar and Share Transfer Agent ('RTA') from 'KFin Technologies Private Limited (KFin)' to 'Link Intime India Private Limited (Link Intime)' 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 October 29, 2021, accordingly all the formalities for change of RTA from KFin to Link Intime have been completed. Q2FY22 Quarterly Result Announced for Varun Beverages Ltd.
Highlights Q3 CY2021: Revenue grew 33% YoY to Rs. 23,982 mn EBITDA higher by 30% YoY to Rs. 4,947 mn PAT higher by 60% YoY to Rs. 2,579 mn 9M CY2021: Revenue higher by 39% YoY to Rs. 70,889 mn EBITDA grew 41% YoY to Rs. 14,471 mn PAT higher by 96% to Rs. 7,135 mn Revenue from operations (net of excise / GST) grew by 33.0% YoY to Rs. 23,981.6 million during Q3 CY2021, primarily on account of robust volume growth over last year and higher realization on a consolidated basis. Realization per case improved by 3.6% to Rs. 156.4 per case in Q3 CY2021 driven by higher realizations in international territories Total sales volumes were up 28.4% YoY at 153.3 million cases in Q3 CY2021 as compared to 119.5 million cases in Q3 CY2020 EBITDA increased by 29.9% to Rs. 4,946.6 million from Rs. 3,807.9 million Gross margins declined by 278 bps YoY during Q3 CY2021 primarily because of increase in pet prices in India Healthy EBITDA margin at 20.6% in Q3 CY2021 despite lower gross margins as higher volumes assisted the Company achieve better operating leverage PAT increased by 59.7% YoY to Rs. 2,579.0 million from Rs. 1,614.7 million in Q3 CY2020 Finance cost in Q3 CY 2021 declined by 26.4% to Rs. 426.9 million from Rs. 579.6 million in Q3 CY2020 The Company continues to reduce its debt and lower its average cost of borrowing Revenue from operations (net of excise / GST) grew 38.5% YoY to Rs. 70,889.0 million as compared to Rs. 51,192.5 million EBITDA improved by 40.5% YoY to Rs. 14,470.8 million from Rs. 10,296.4 million PAT increased by 95.7% YoY to Rs. 7,134.6 million from Rs. 3,645.1 million Commenting on the performance for Q3 & 9M 2021 Mr. Ravi Jaipuria, Chairman, Varun Beverages Limited said, “We are delighted to share that we have reported a robust performance during the quarter, delivering a top line growth of 33% and a PAT growth of 60% YoY. The results were supported by strong volume growth of 28% driven by uptick in demand across markets. Even on a 2-year CAGR basis, our organic volumes were higher by 11%. Wide vaccination coverage in the country along with resumption in day-to-day activities supported demand momentum in the domestic markets. On the profitability front, we were able to maintain a healthy EBITDA margin of 21% during the quarter backed by higher operating leverage despite an increase in raw material prices. While the industry practice is that any input cost increase is passed on, we have also worked on our cost efficiencies. For example, we are undertaking measures to light weight PET preforms. This will not only assist us in reducing costs in the near-term, but the benefits would be structural in nature. We are continuously monitoring the input prices to sustain our margin that will enable us to further strengthen our position in the beverage industry. In addition, we continued to reduce our debt as well as rate of interest which helped us in improving our net profit margin during the quarter. Following easing of lockdown restrictions and improving macro trends, we witnessed enhanced traction in the domestic demand environment which exceeded pre-pandemic levels. Out-ofhome consumption registered an uptick driven by increase in travel and resumption in offices. On the whole, we remain optimistic on the demand environment, given improving macros, onset of festive season and a growing sense of normalcy across domestic and international markets.” Result PDF