Page 2 - Varun Beverages

VBL, ICICI Bank: 5 stocks to buy and keep in your portfolio this April

Stocks to Buy: Motilal Oswal Financial Services (MOFL) recommends 5 stocks that can be a part of your portfolio this month

Dividend, bonus, rights issue: Varun Beverages, 5 others to remain in focus

Here is the complete list of companies whose shares will trade ex-date on April 4, 2025, along with their key corporate announcements, as per BSE data

Fizz is back in Varun Beverages stock as launches, summer boost outlook

The key concern weighing on the stock is increased competitive intensity with the relaunch of Campa Cola by Reliance Consumer Products (RCPL) in March 2023

Varun Beverages' stock correction overdone; growth prospects strong

The Street believes that the correction is overdone and that the company has multiple growth opportunities in India and the African market

NCLAT condones delay in PepsiCo insolvency plea, to list for hearing

The National Company Law Appellate Tribunal (NCLAT) on Monday condoned the delay over a plea to initiate an insolvency petition filed against food & beverage major PepsiCo India Holdings by one of its operational creditors and directed to list for hearings before a bench. The Registrar of the appellate tribunal has condoned the delay of six days in re-filing the Memo of Appeal against the orders of the Chandigarh bench of the National Company Law Tribunal, which had rejected SNJ Synthetics's plea. Under the Insolvency and Bankruptcy Code (IBC), a person aggrieved by an NCLT order can challenge it before the appellate tribunal NCLAT by filing an appeal within 30 days from the date of receiving the NCLT order. "Considering the submissions made on behalf of the appellant and for the reasons mentioned in the IA, which are sufficient, the delay of 06 days in re-filing the Memo of Appeal is hereby condoned. As prayed, list the case before the Bench under the heading for admission (fresh

Varun Beverages extends deadline for acquisition of SBC Beverages to Mar 31

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

ITC trades below this monthly avg after 4 years, VBL first-time; what next?

ITC, Varun Beverages share outlook: FMCG major ITC can slip another 10.5%, while Pepsi distributor VBL could slide another 27% suggests technical charts.

Varun Beverages' stock poised for steady growth amid strong India business

Operating profit margins were flat Y-o-Y at 15.7 per cent due to the consolidation of South Africa business

Varun Beverages down 6%, at 52-wk low after Q4: Should you buy, sell, hold?

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

Varun Beverages Q4 results: Net profit rises over 40% to Rs 185 crore

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

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

Stocks to Watch, Dec 12: Jubilant FoodWorks, SBI, Vedanta, Swiggy, Emami

Stocks to Watch, Dec 12: From Swiggy to Jubilant Foodworks, here are some stocks that will be on investors radar today

After QSR, Bhartias and Jaipurias to battle it out in soft drink space

The Bhartias and the Jaipurias are already competing in the quick-service restaurant (QSR) space as both have known global brands in their portfolios

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

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

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 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

Strong volume growth and rich valuations for Varun Beverages' stock

Revenue grew 29 per cent Y-o-Y to Rs 7,330 crore which was below expectations. Volume grew to 402 million cases, up 28 per cent