Energy drink Sting help drive realisations of Pepsi bottler in Q3CY22
Going ahead, VBL expects double-digit volume growth to continue, led by 5-10 per cent annual outlet expansion and growth in revenue per outlet
GIDA will allot 45 acres to the company for the plant, which will generate about 1,500 jobs
The Nifty FMCG index hit a fresh all-time high on Thursday even as the key benchmark indices wilted under selling pressure, tracking losses in global markets.
Varun Beverage is the second largest bottling company of PepsiCo's beverages in the world outside the US
One year forward valuations at 40 times earnings are at a substantial discount to FMCG peers
Its total income during the quarter under review stood at Rs 2,275.60 crore, up 31.96 per cent from the same period a year ago
Volume recovery, expansion in new geographies and debt reduction are key positives
Despite the ongoing slowdown, the company has posted strong organic growth in the past couple of quarters
The company said the QIP issue opened on September 3, 2019 and closed on September 6, 2019
The stock was trading 5% higher to Rs 828 in morning deals. It was close to its record high level of Rs 849 touched on September 21, 2018 on the BSE in intra-day trade.