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Varun Beverages reports a 23.66% surge in consolidated net profit for the September 2024 quarter, marking a notable jump in their financial performance.

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Varun Beverages, a leading beverage company, has announced its financial results for the quarter ended September 2024. The company’s net profit has risen by a significant 23.66% to Rs 619.61 crore, up from Rs 501.07 crore in the same quarter of the previous year. This substantial growth is reflected in the company’s sales, which have increased by 24.14% to Rs 4804.68 crore from Rs 3870.52 crore in the previous quarter.

The operating profit margin (OPM) of the company has also shown improvement, increasing from 22.78% in the previous quarter to 23.96% in the quarter ended September 2024. This suggests that the company is able to generate more profit from its operations.

Profit before taxes (PBT) has increased by 20% to Rs 800.13 crore from Rs 666.92 crore in the same quarter of the previous year. Net profit (NP) has also shown significant growth, increasing by 24% to Rs 619.61 crore from Rs 501.07 crore in the same quarter of the previous year.

Overall, these results indicate that Varun Beverages has achieved a strong quarter, with growth in sales, profit, and profitability. This suggests that the company’s strategy and initiatives are yielding positive results, and its financial performance is on an upward trend. The company’s strong performance is likely to have a positive impact on its stakeholders, including investors and employees.

Varun Beverages Announces Q4 Results Schedule: Check Date, Earnings Call Details, and More

Varun Beverages Ltd. (VBL) is set to announce its financial results for the December 2024 quarter, marking its fourth-quarter earnings release. As a leading bottler of PepsiCo, a partnership that dates back to the 1990s, VBL has expanded its business significantly over the years. With a presence in several countries, it is now one of the largest bottlers outside of the United States. VBL manufactures, distributes, and sells a range of beverages, including carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), under PepsiCo’s trademarks.

VBL’s CSD portfolio includes popular brands such as Pepsi, Mountain Dew, Sting, and Mirinda Orange, among others. Its NCB offerings feature Tropicana Slice, Tropicana Juices, and other products. With a market capitalization of around Rs 1.9 lakh crore, VBL’s financial results are eagerly anticipated for the quarter.

As a major bottler of PepsiCo, VBL’s performance will likely be closely tied to the global beverage giant’s fortunes. Therefore, investors and analysts will scrutinize the company’s quarterly results for indications of its ability to maintain its strong sales and revenue growth. Given its long-standing partnership with PepsiCo and its significant market presence, VBL’s financial performance will be closely watched, and insights into its Q4 results will provide valuable insights into the company’s future prospects. With the results scheduled for release, analysts will be keenly awaiting the outcome, which is expected to shed light on the company’s financial health and growth trajectory.

Varun Beverages Posts Flat Q2 FY24-25 Results, Achieves 48.01% Growth in Interest

Varun Beverages, a major player in the breweries and distilleries sector, has been downgraded to a “Sell” rating by MarketsMojo as of January 21, 2025, due to its flat financial results for Q2 FY24-25. Despite a 48.01% increase in interest to Rs 247.70 crore, the company’s return on capital employed (ROCE) has fallen to 23.42%, and its debt-equity ratio has risen to 0.79 times. The promoter stake has decreased to 60.2%.

Although Varun Beverages reported a 27.2% profit increase year-over-year, its valuation appears expensive with an enterprise value to capital employed ratio of 12.7. The company’s technical trend also indicates a sideways movement, suggesting a lack of clear price momentum.

Varun Beverages remains the largest entity in its sector, accounting for 45.35% of the industry and annual sales of Rs 18,986.54 crore, representing 33.99% of the sector’s total. However, its recent financial performance and valuation metrics suggest that it may not be a good investment opportunity at present.

Varun Beverages commits ₹413 crore to its South African subsidiary to settle outstanding debts.

Varun Beverages, a subsidiary of Ravi Jaipuria’s RJ Corp, has invested ₹413 crore in its South African subsidiary, Varun Beverages (Pty) Ltd, to pay off debts and strengthen its financial position. The investment is aimed at reducing the company’s debt burden and improving its financial performance. Varun Beverages (Pty) Ltd is a leading beverage player in South Africa, with a portfolio of brands including Coca-Cola, Fanta, Sprite, and Kinley. The company has been facing financial challenges due to high debt levels and the impact of the COVID-19 pandemic on its business. With this investment, Varun Beverages aims to improve its cash flow and enhance its competitiveness in the market. The move is also expected to support the company’s expansion plans in South Africa and other African markets. The investment is a significant step towards strengthening Varun Beverages’ financial position and positioning it for long-term growth.

Select subsidiaries include Varun Beverages, NHPC, and Hindustan Zinc.

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Varun Beverages DRC inaugurates a $50 million Pepsi production facility at Rendeavour’s Kiswishi City Special Economic Zone.

Varun Beverages, a leading PepsiCo franchisee, is investing $50 million in a state-of-the-art Pepsi production facility in Kiswishi City, Democratic Republic of the Congo. The facility, located in the country’s first private Special Economic Zone (SEZ), will create thousands of jobs and expand PepsiCo’s brands in the region. The investment is one of the largest consumer-focused foreign direct investments (FDI) in the DRC’s history.

The facility will be built on 15 hectares of land and will have easy access to the rapidly growing population of Lubumbashi and the Haut-Katanga Province. The Kiswishi City SEZ is a project by Rendeavour, Africa’s largest new city builder, which has already catalyzed billions of dollars in foreign and domestic investment and created tens of thousands of jobs.

The investment demonstrates Varun Beverages’ confidence in the Congolese market and commitment to sustainable manufacturing. The SEZ’s secure and predictable business environment has attracted other businesses, including Congo Petrol and Queen Energy, and has contributed to the country’s economic growth.

Varun Beverages Successfully Raises US$890 Million Through Global Equity Offering

Varun Beverages (VBL), a leading bottling partner of PepsiCo, has completed a US$890 million equity offering. Hogan Lovells advised VBL on the offering, which was a significant milestone for the company. As PepsiCo’s second-largest bottling partner outside the United States, VBL is a significant player in the global beverage industry. The equity offering will help the company to further strengthen its position in the market and support its growth strategies. The transaction is a testament to the company’s success and the confidence of its investors in its future prospects. With this offering, VBL is well-equipped to navigate the competitive landscape of the beverage industry and drive growth for years to come.

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