Page 6 - Varun Beverages
Varun Beverages' profit up 53% to Rs 395.48 crore in Sept quarter
Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 53.34 per cent jump in consolidated profit after tax at Rs 395.48 crore for the September quarter, helped by revenue growth and transition to lower tax rate in India. The company, which follows January-December financial year, had posted a profit after tax of Rs 257.90 crore in the July-September quarter of 2021. Varun Beverages Ltd's (VBL) revenue from operations in the latest September quarter stood at Rs 3,248.30 crore, up 33.10 per cent as compared to Rs 2,440.43 crore in the year-ago period. Its revenue from operations was up "on account of robust volume growth over last year and higher realisation on a consolidated basis," VBL said in its earning statement. "Sales volumes in India grew by 22.1 per cent in Q3 CY2022 to 148 million cases and in international markets grew by 31.3 per cent to 42 million cases. Total volume for the quarter was 190 million cases," it added. The company said profit afte
 "Varun Beverages' profit up 53% to Rs 395.48 crore in Sept quarter")
FPIs cut stake in two-thirds of BSE 200 companies in June quarter
Average stake down 40 bps from previous quarter at 22%
 "FPIs cut stake in two-thirds of BSE 200 companies in June quarter")
Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%
CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance
 "Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%")
Two entities pay Rs 63 lakh to settle Varun Beverages case with Sebi
The two applicants proposed to settle the alleged violations of insider trading rules "without admitting or denying the findings" through a settlement order
 "Two entities pay Rs 63 lakh to settle Varun Beverages case with Sebi")
Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
 "Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%")
Varun Beverages posts two-fold jump in June quarter, PAT at Rs 802 cr
Varun Beverages, PepsiCo's largest franchise bottler, on Monday reported a two-fold rise in consolidated profit after tax at Rs 802.01 crore for June quarter on growth in revenue from operations.
 "Varun Beverages posts two-fold jump in June quarter, PAT at Rs 802 cr")
Varun Beverages: Two entities settle insider trading case with Sebi
The order came after the two applicants proposed to settle the alleged violations of insider trading rules, "without admitting or denying the findings" through a settlement order.
Strong season, new markets to drive gains for Varun Beverages' stock
Operating leverage, product mix to offset raw material pressures, say brokerages
Varun Beverages hits new high on strong earnings hope; rises 16% in a month
The management remains confident of delivering healthy volume growth in the medium to long-term on the back of strong demand momentum.
 "Varun Beverages hits new high on strong earnings hope; rises 16% in a month")
Planning to reshuffle your portfolio? These 5 stocks may pump up gains
ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest
 "Planning to reshuffle your portfolio? These 5 stocks may pump up gains")
Varun Beverages' Jaipuria settles case with Sebi after paying Rs 56 lakh
"This settlement order disposes of the aforesaid adjudication proceedings initiated against the applicant viz. Ravi Kant Jaipuria vide SCN... dated December 21, 2021," Sebi said in its order.
Varun Beverages rallies 5%, hits record high on strong earnings hope
VBL is expected to benefit from a strong recovery going forward, led by growing out-of-home consumption, with the opening up of offices and traveling, uptick in volumes in new territories
SC stays NGT order imposing penalty of Rs 15 cr on Coca-Cola bottling unit
The tribunal order followed a complaint by a resident of Ghaziabad against the bottling units saying that they had not obtained NOC from the Central Ground Water Authority
 "SC stays NGT order imposing penalty of Rs 15 cr on Coca-Cola bottling unit")
Varun Beverages soars 9%, hits new high on bonus issue plan, healthy Q1 nos
On the back of an improving demand environment, the management remains confident of delivering healthy volume growth in the medium to longer term
Varun Beverage shares at all-time high on firm demand outlook for beverages
Varun Beverage is the second largest bottling company of PepsiCo's beverages in the world outside the US
Varun Beverages hits record high on strong demand for soft drinks
Demand for soft drinks and ice-creams has reportedly touched a five-year high, with the early onset of summer and rise in mobility.
 "Varun Beverages hits record high on strong demand for soft drinks")
Varun Beverages appears set for volume growth as consumer firms struggle
Gains expected on the back of rising out-of-home consumption after two years of sluggish performance
Distribution gains to bolster volume growth for Varun Beverages
The impact of rising raw material prices is a near term concern
Amid strong growth expectations, more fizz left in Varun Beverages' stock
One year forward valuations at 40 times earnings are at a substantial discount to FMCG peers
Varun Beverages Q1 consolidated net profit up by two folds at Rs 319 cr
Varun Beverages Ltd, on Monday reported over two-fold jump in consolidated net profit at Rs 318.80 crore for second quarter ended June 30, 2021, helped by volume growth and cost-optimization measures.