Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copies of Newspaper Advertisement published in "Business Standard" regarding convening of 29th AGM on April 3, 2024.04-03-2024
04-03-2024
Varun Beverages Ltd - 540180 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report for the Financial Year ended December 31, 202326-02-2024
Varun Beverages Ltd - 540180 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
This is to inform that Varun Beverages Limited and PepsiCo Inc. through their respective subsidiaries i.e. Varun Beverages Morocco SA and Premium Nutrition Trading L.L.C Dubai has today entered into an Exclusive Snacks Appointment Agreement to manufacture and package Cheetos in the territory of Morocco as per details in the attached disclosure.20-02-2024
Varun Beverages Q3 Results Review - Strong Volume-Led Growth Continues; Maintain Buy : Axis Securities
Robust growth in the International geographies, led by focused execution and scaling up BevCo in CY2412-02-2024
Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Investors & Analysts Conference Call held on February 5, 2024 i.e. post declaration of Audited Financial Results for the Quarter and Financial Year ended December 31, 2023.10-02-2024
Varun Beverages Q3 Results Review - Strong 14% Volume Growth In A Difficult CY23: Systematix
New capacities to drive higher growth in CY24.06-02-2024
Varun Beverages Ltd - 540180 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, representatives of the Company shall participate in the meeting of group of investors as per schedule given in the enclosed intimation. The above information is uploaded on website of the Company at www.varunbeverages.com.06-02-2024
Varun Beverages assures manageable debt amid South African acquisition, capex plans
The franchise bottler of PepsiCo said capacity expansions in categories such as Juices, Gatorade, and dairy-based products have contributed to growth.05-02-2024
Q4CY23 Quarterly & CY23 Annual Result Announced for Varun Beverages Ltd.
Varun Beverages announced Q4CY23 & CY23 results: Performance Review for CY23 vs. CY22: Revenue from operations (net of excise/GST) showed a YoY growth of 21.8%, reaching Rs 160,425.8 million in CY23, compared to Rs 131,731.4 million in CY22. Consolidated sales volume increased by 13.9% to 912.9 million cases in CY23 from 801.8 million cases in CY22, with double-digit growth in both Indian (12.9% growth) and International (18.0% growth) markets. Net realization per case rose by 7.0% in CY23 to Rs 175.7, driven by an ongoing improvement in the mix of smaller SKUs (250ml) in Indian markets and improved realization per case in International markets. EBITDA saw a growth of 29.5%, reaching Rs 36,094.9 million in CY23, up from Rs 27,881.1 million in CY22. EBITDA margin improved by 133 bps to 22.5% in CY23, driven by increased realization and higher gross margins. PAT increased by 35.6% to Rs 21,018.1 million in CY23 from Rs 15,501.1 million in CY22, fueled by the growth in revenue from operations and improved profit margins. Performance Review for Q4CY23 vs. Q4CY22: Revenue from operations (net of excise/GST) grew by 20.5% YoY to Rs 26,676.9 million in Q4CY23 from Rs 22,142.4 million in Q4CY22, driven by volume growth in both India and International markets. EBITDA increased by 36.0% to Rs 4,182.9 million in Q4CY23 from Rs 3,075.1 million in Q4CY22, led by increased realization, higher gross margins, and improved operational efficiencies. PAT increased by 76.3% to Rs 1,437.6 million in Q4CY23 from Rs 815.2 million in Q4CY22, driven by growth in revenue from operations and improved profit margins. Commenting on the performance for Q4 & CY23 Ravi Jaipuria, Chairman, Varun Beverages said, “Despite the abnormally high unseasonal rains in the peak season, we are pleased to conclude CY2023 on a strong note. We witnessed a healthy double-digit volume growth in both Indian and International markets. Our consolidated sales volume increased by 13.9%, and the net realization per case increased by 7.0% in CY2023. Both these together contributed to our remarkable revenue growth of 21.8% and an impressive PAT growth of 35.6%. In line with our strategic objectives, we have successfully commissioned multiple greenfield and brownfield facilities across key geographies during the year. This expansion not only strengthened our manufacturing capabilities but also extended our market reach. Our distribution network and chilling infrastructure have also seen a substantial growth, further solidifying our presence in the market. Marking a key milestone in our growth journey, we are delighted to announce the acquisition of The Beverage Company (BevCo) subject to regulatory and other approvals. BevCo holds franchise rights for PepsiCo beverage products in South Africa, Lesotho, and Eswatini, along with distribution rights in Namibia and Botswana. This acquisition, which aligns perfectly with our strategic goals, offers an excellent opportunity to significantly enhance our presence in the African market—a region known for high demand for soft drinks and favorable demographics. The integration of BevCo into VBL's operations is expected to yield substantial synergistic benefits in the future. As we move forward, our strategy is geared towards sustaining our healthy growth momentum. We will continue to focus on strengthening our market position, both in India and internationally, and place emphasis on product categories that are aligned with evolving consumer preferences. Our journey through CY2023 has set a solid foundation for continued success, and we remain confident in our ability to deliver sustainable growth and value for all our stakeholders in the years to come.” Result PDF05-02-2024