Varun Beverages
About Varun Beverages
Varun Beverages Limited (“VBL” or the “Company”) is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world (outside USA). VBL has been associated with PepsiCo since the 1990s and has over two and half decades consolidated its business association with PepsiCo, increasing the number of licensed territories and sub-territories covered by the Company, producing and distributing a wider range of PepsiCo beverages, introducing various SKUs in the portfolio, and expanding the distribution network. The Company manufactures, distributes and sells a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by VBL include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by the Company include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina.
VBL has been granted franchisees for various PepsiCo products across 27 States and 7 Union Territories in India (responsible for ~90% of the beverage sales volume of PepsiCo India). VBL has also been granted the franchise for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. India is the largest market and contributed ~80% of revenues from operations (net) in Fiscal 2022. VBL is part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants, ice-creams and healthcare. VBL’s Promoter and Chairman Mr. Ravi Jaipuria has an established reputation as an entrepreneur and business leader and is the only Indian to receive PepsiCo’s International Bottler of the Year award, which was awarded in 1997. He was also awarded the ‘Distinguished Entrepreneurship Award’ at the PHD Annual Awards for Excellence 2018.
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Stocks that will see action today: November 14, 2024
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- Varun Beverages to have Qualified Institutions Placement issue on November 13.
- Piccadily Agro Industries Limited plans to raise Rs 312 crore for expansion and new facilities.
- Several companies announce their upcoming results.
Varun Beverages Sets Floor Price For Rs 7,500 Crore QIP
- Varun Beverages, PepsiCo's bottling franchise partner, has set the floor price for its Rs 7,500-crore qualified institutional placement (QIP) at Rs 594.56 per share.
- The company will issue 13.27 crore shares with a face value of Rs 2 each, including a green shoe option of 3.5 crore shares.
- The QIP aims to implement Varun Beverages' growth plans and strengthen its balance sheet, with proceeds being used for investments in subsidiaries, joint ventures, debt repayment, and funding existing businesses.
- Varun Beverages' shares traded lower, falling 2.77% to Rs 568 apiece on the NSE, compared to a 1.80% decline in the NSE Nifty 50 Index.
Brokerage Views: Citi On Varun Beverages, Nomura On Exide Industries, Hyundai Motors And More
- Citi has a positive outlook on Varun Beverages Ltd., particularly after its announcement of plans to expand further into Africa.
- Nuvama remains cautious about CESC and Hindalco Industries Ltd., maintaining a 'hold' on both.
- CESC's Q2 profit miss and Hindalco's short-term challenges are leading to more tempered forecasts.
- Brokerages are sharing their views on stocks as second quarter results continue to roll in.
Stock Market Live: GIFT Nifty Above 23,800; BSE, Nykaa, PTC India, Varun Beverages In Focus
- The GIFT Nifty was trading above 23,800 on Wednesday morning.
- Investors may monitor share prices of FSN E–Commerce Ventures Ltd., PTC India Ltd., and Varun Beverages Ltd.
- The NSE Nifty 50 ended at the lowest level in over four months, and the BSE Sensex ended at over three–month low on Tuesday.
- Motilal Oswal Financial Services expects markets to remain volatile with stock specific action on account of balance second quarter numbers to be announced this week.
Varun Beverages Acquires PepsiCo Bottlers In Tanzania And Ghana, Completes Buying Lunarmech
- Varun Beverages acquires PepsiCo bottlers in Tanzania and Ghana.
- Varun Beverages completes the acquisition of Lunarmech Technologies for Rs 200 crore.
- The acquisitions aim to enhance Varun Beverages' manufacturing and distribution capabilities.
- Varun Beverages reports a 22% increase in net profit for Q3 2024.
Manjushree Technopack Receives SEBI Approval For Rs 3,000-Crore IPO
- Advent International-backed Manjushree Technopack Ltd. has received SEBI approval to float its Rs 3,000-crore IPO.
- The IPO includes a fresh issue of equity shares worth Rs 750 crore and an offer for sale of shares totaling Rs 2,250 crore.
- The company plans to use Rs 500 crore of the proceeds to pay down existing debt and the remaining funds for inorganic growth and general corporate purposes.
- Manjushree Technopack is a provider of end-to-end packaging solutions and counts Varun Beverages, Dabur India, Marico, and Honasa Consumer among its clients.
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