Varun Beverages Shares

Varun Beverages stock was trading at ₹496.5, up 9.3 per cent compared to the previous session's close of ₹454.15 on the NSE

Even as it invests in new greenfield plants and broadens its distribution network to capture demand, Varun Beverages is maintaining profitability through operational discipline and cost efficiency

Net profit of the beverage major was up 5 per cent year-on-year (Y-o-Y) though sales slipped 2 per cent and operating profit was flat

Most analysts have maintained their ratings on Varun Beverages' stock, while slightly increasing their share price target post Q2-2025 results. Check the latest targets and upside potential

Varun Beverages rose 3 per cent after it reported a 5 per cent increase in its net profit during the current financial year

Brokerage firm Axis Securities has recommended stocks across FMCG, power & utilities and retail space as high conviction bets based on the recent Q4 corporate earnings; check full list here.

The RBI MPC, on Wednesday, unanimously decided to cut the repo rate by 25 basis points, bringing it down to 6 per cent, from 6.25 per cent earlier.

Shares of the company extended gains to their fifth day and have risen over 30 per cent from their lows of ₹419 in early March

Varun Beverages, PepsiCo's largest franchise bottler, on Tuesday extended the deadline for completion of the acquisition of Ghana-based SBC Beverages for a month to March 31. On November 13, 2024, Varun Beverages Ltd (VBL) had entered into a share purchase agreement for the purchase of 100 per cent shares of SBC Beverages Ghana at USD 15.06 million (Rs 127.1 crore). The company had estimated to complete the transaction by the end of February 2025. However, in regulatory updates, VBL said "consummation of the aforesaid transaction is extended up to March 31, 2025, instead of February 28, 2025". Last November, VBL entered into a share purchase agreement with Tanzania Bottling Company SA and SBC Beverages Ghana for purchase of 100 per cent shares at USD 154.50 million and USD 15.06 million, respectively. Both are PepsiCo's business. VBL has already raised Rs 7,500 crore in 2024 through QIP and utilisation of proceeds is primarily towards repayment of debt as well as acquisitions. Sh

Varun Beverages recommended a final dividend of Rs 0.50 per share. The 'Record Date' is yet to be fixed by the Board of Directors of the Company

Revenue from operations rose 39.8 per cent to nearly Rs 3,818 crore, while expenses jumped 41.3 per cent due to an increase in the costs of raw materials

According to reports, the Group of Ministers (GoM) on GST rate rationalisation on Monday recommended a new slab of 35 per cent for tobacco, tobacco products and aerated drinks.

5 stock ideas for Samvat 2081: ICICI Bank, ITC, Macrotech Developers, Varun Beverages and Thyrocare Technologies can rally up to 54%, suggests technical charts.

Shares of Varun Beverages gained 2.74 per cent at Rs 594.05 a piece on the BSE in Monday's intraday trade

Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutional Placement (QIP) route to fund its growth plans. The board of the company in a meeting held on Wednesday approved the proposal for "raising of funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore" through QIP, according to a regulatory filing by the company. The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of equity shareholders of the company" through postal ballot, it added. The proceeds from this fundraise would be utilised in "making investments in subsidiaries, joint ventures or associates" or to "fund the growth of existing businesses including expanding product portfolio, entering into new territories and making strategic acquisitions". This will also help in "Pre-payment or repayment" of debts and in general corporate purposes, Varun Beverages

Varun Beverages share price gained after the company said that its board has approved raising of funds up to Rs 7,500 crore through Qualified Institutions Placement (QIP).

The Board of directors fixed Thursday, September 12, 2024, as the 'Record Date' for sub-division / split of existing equity shares of the company

The fall in the stock price came after investors jumped to book profit after stellar numbers in the second quarter and half year ended June 30, 2024 (H1CY24), which met street estimates.

The food and beverage giant in India changed its financial year to January-December from April-March to align with its parent company

Pepsico India Holdings' consolidated revenue from operations during April-December 2023 was at Rs 5,954.16 crore and profit was Rs 217.26 crore, according to financial data accessed by business intelligence platform Tofler. Total income, which also includes other income, was at Rs 6,094.70 crore in the nine-month period. The company has changed its financial year from April-March to January-December, hence it has come out with three quarters results of 2023. It follows the calendar year as financial year from January 2024. During the nine months, its revenue from sales in the domestic market was at Rs 5,533.63 crore. Exports contributed Rs 266.19 crore to the total revenue of the company, which is not a publicly listed entity. Revenue from the snacks business in which it operates with brands including Kurkure, Lays, Doritos and Quaker was at Rs 4,763.29 crore. Pepsico India's revenue from the beverages business in which it operates with fizz-based drinks and juices with brands suc