Varun Beverages Ltd News

Varun Beverages announces Rs 412 cr investment in South African subsidiary

Varun Beverages Ltd (VBL), the leading bottler of PepsiCo, on Thursday announced to invest Rs 412 crore in its South African subsidiary Beverage Company Proprietary (Bevco). Bevco, an existing subsidiary of our VBL, is engaged in the business of manufacturing and distribution of licensed products from PepsiCo and also own-branded non-alcoholic beverages in South Africa. Besides Bevco also has franchise rights from PepsiCo in South Africa, Lesotho and Eswatini. The company has "invested Rs 412.80 crore by subscribing Ordinary Shares of its subsidiary company i.e. The Beverage Company Proprietary Limited, South Africa," VBL said in a regulatory filing. Bevco allotted 19.84 lakh ordinary shares to VBL and this fresh investment will result in an incremental share capital of 2.42 per cent, according to a disclosure by the company. It will also help "Bevco to repay its existing debt and strengthen balance sheet for business growth," BVL added. Promoted by the Jaipuria family, VBL accou

Varun Beverages' growth strategy could prove beneficial for investors

The VBL board approved the acquisition of SBC Tanzania for Rs 1,304 crore and SBC Beverages Ghana for Rs 127 crore

ITC, Varun Beverages slip 5% on buzz of 35% GST on tobacco, aerated drinks

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.

Varun Beverages up 5% on launching QIP, to raise up to Rs 7,500 crore

Varun Beverages, which follows a January-December financial year, in 2023, reported net revenues at Rs 16,042.58 crore, up 21.8 per cent

Jio Fin, Zomato, Angel One, Paytm rally up to 7% on inclusion in F&O pool

Stock exchanges on Wednesday announced the addition of 45 stocks to the new list of scrips eligible for trading in the F&O segment from November 29.

Diwali stock picks: ICICI Bk, ITC, Lodha can zoom up to 54% in Samvat 2081

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

Varun Beverages Q3 result: Profit rises 24% to Rs 620 cr on healthy demand

During the three months ending Sept. 30, its India volume growth came in at 5.7 per cent

Varun Beverages share price gains post Q3 results; profit jumps 22%

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 share rises 3% as board approves QIP of Rs 7,500 crore

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).

Varun Beverages rallies 6%, nears record high; trades ex-date for 2:5 split

The rationale behind the split is to enhance liquidity of the company's equity shares and to encourage participation of small investors by making equity shares of the company more attractive to invest

Varun Beverages shares rise over 4% ahead of stock split record date

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

Varun Beverages Q2 results: Net profit rises 26% to Rs 1,253 crore

The company, which follows the January-December financial year, had reported a net profit of Rs 994 crore in the year-ago period

VBL sees profit booking after Q2CY24 results meet estimates; stock down 6%

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.

Varun Beverages to set up production units for PepsiCo in Zimbabwe, Zambia

Varun Beverages Ltd, a franchise partner of PepsiCo, on Monday said its two subsidiaries plan to enter into an agreement with the multinational food and beverages major to manufacture, distribute and sell the snacks brand 'Simba Munchiez' in Zimbabwe and Zambia. The company plans to set up manufacturing units in Zimbabwe and Zambia entailing an investment of USD 7 million (around Rs 60 crore), according to a regulatory filing by Varun Beverages Ltd (VBL). Through its subsidiaries - VFZ Varun Foods (Zimbabwe) Pvt Ltd (VFZ) and Varun Beverages (Zambia) Ltd (VBZ), VBL has discussed with PepsiCo to further strengthen and expand the latter's footprint in the snacks portfolio. It has discussed with PepsiCo to enter into an exclusive snacks franchising appointment with Premier Nutrition Trading LLC, Dubai (a PepsiCo Inc. subsidiary) to manufacture, distribute and sell 'Simba Munchiez' in the territory of Zimbabwe and Zambia, the filing added. "As per the understanding, an estimated ...