Page 8 - Varun Beverages

Varun Beverages gains for 12th straight day, surges 7% to hit a new high

Since January 8, the stock has rallied 23 per cent as latest shareholding data reveals that FPIs' stake in VBL touched a new high of 19.35 per cent at the end of December 2019 Since Jquarter (Q3FY20).

Organic growth, expanding distribution reach add fizz to Varun Beverages

Despite the ongoing slowdown, the company has posted strong organic growth in the past couple of quarters

Varun Beverages zooms 26% in three days on healthy Q3 results

The company reported robust volume growth as domestic organic growth up by 17.5 per cent and internationally it grew 27 per cent.

Varun Beverages hits 52-week high as CLSA maintains 'Buy' post Q2 results

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 54.2 per cent to Rs 325.66 crore from Rs 211.24 crore reported in the corresponding quarter of the previous fiscal.

Varun Beverages Q2 profit jumps 84% to Rs 81 crore on better volumes

Earnings before interest, tax, depreciation and amortisation increased by 54.2 per cent to Rs 325.66 crore from Rs 211.24 crore

Pepsi's bottling partner Varun Beverages raises Rs 900 cr via QIP

The company said the QIP issue opened on September 3, 2019 and closed on September 6, 2019

Varun Beverages surges 11% in 2 days after stock turn ex-date for 1:2 bonus

The board is scheduled to meet on Thursday, August 1, 2019, to consider the financial results of the company for the period ended June 30, 2019 (Q1FY20) and to consider declaration of interim dividend

Ramp-up in capacity to keep fizz intact for Varun Beverages stock

Higher margins, asset turnover should boost return on equity; Street sees 15-20 per cent upside potential

Varun Beverages outperforms index; territory acquisition to boost earnings

Varun's market share in terms of selling PepsiCo India's products would shoot up to over 80 per cent from 51 per cent earlier

Varun Beverages bags rights to distribute PepsiCo drinks across India

The deal would mean that VBL would be able to operate in seven more states and five union territories in India

Varun Beverages on verge of bagging more territories from PepsiCo in India

PepsiCo's largest bottler outside the US acquired rights for 5 states in central & east India and Zimbabwe in 2018

Varun Beverages surges on tie up with PepsiCo for Tropicana

The stock rallied 9% to Rs 750 on BSE in early morning trade on back of heavy volumes after the company and PepsiCo India have decided to enter into a strategic partnership for Tropicana

Varun Beverages zooms 48% in 9-days post PepsiCo franchises deal

The stock moved higher by 17% to Rs 762 on the BSE in noon deal, its highest level since listing on November 8, 2016.

Varun Beverages to acquire rights from PepsiCo India; stock surges 10%

The stock surged 10% to Rs 589, also its 52-week high on the BSE, on back of heavy volumes

Varun Beverages turns volatile after tepid listing

The stock moved higher to Rs 472 on NSE in intra-day trade, bouncing back 13% from its intra-day low of Rs 417.

Varun Beverages lists below issue price

The stock listed at Rs 430 on the National Stock Exchange , a 3.4% below its issue price of Rs 445 per share.

Varun Beverages IPO subscribed 1.8 times

The IPO comprises a new issue of 15 mn shares and an Offer for Sale of 10 mn shares by the existing promoters

Varun entirely lapped up

The company is a bottler for PepsiCo Inc and has set a price band of Rs 440-445 per share

Varun Beverages' IPO likely on Oct 26

The IPO size could be around Rs 1,200 cr

Varun Beverages, a PepsiCo franchisee, gets nod for IPO

Sources said Varun Beverages expects to raise more than Rs 1,000 crore through the IPO