Varun Beverages Ltd Share Price (VBL)

Varun Beverages Rises After PepsiCo's Strong Q1 Results - 24 Apr, 2024

Shares of Varun Beverages rose over half a percent on the BSE following better-than-expected Q1 results from one of its largest franchisees, PepsiCo. The beverage segment saw high single-digit growth in volume while the snack segment grew by double digits and the company's market share increased.

Varun Jaipuria to Lead Food and Beverages Business of RJ Corp - 23 Apr, 2024

Varun Jaipuria, son of Ravi Jaipuria, will take over the food and beverages sector of RJ Corp, which includes Varun Beverages, PepsiCo's second-largest bottler outside the US. The succession plan has been formalized, with a roadmap for Varun to assume strategic leadership roles.

Morgan Stanley Initiates Coverage on Varun Beverages with Overweight Rating - 20 Apr, 2024

Varun Beverages' stock has delivered a CAGR of 35% in operating revenues over three years. Morgan Stanley initiated coverage with an Overweight rating and target price of Rs 1,701, expecting revenue growth averaging around 19% annually and EBITDA margins staying at approximately 24%. The company is expected to outpace the F&B industry due to its solid track record of profitability and scaling domestic as well as global opportunities.

Morgan Stanley and Axis Securities Initiate Coverage on Varun Beverages - 18 Apr, 2024

Global brokerage Morgan Stanley has initiated coverage on Varun Beverages with an overweight stance, assigning a price target of Rs 1701. Meanwhile, Axis Securities has set a target of Rs 1550 for the stock. Both brokerages expect strong growth momentum for the company due to normalcy of operations and market share gains in newly acquired territories post-COVID-19 disruptions.

Morgan Stanley Initiates Coverage on Varun Beverages; Company Starts Commercial Production at Gorakhpur Facility - 16 Apr, 2024

Global brokerage firm Morgan Stanley has initiated coverage on Varun Beverages with an overweight rating and a target price of Rs 1701. The company has started commercial production of various beverages and dairy products from its Gorakhpur facility. Over the next three years, Morgan Stanley expects 19% revenue CAGR and 23.7% EBITDA margins growth for Varun Beverages.

Varun Beverages Starts Commercial Production at Gorakhpur Facility - 15 Apr, 2024

Varun Beverages has started commercial production of carbonated soft drinks and energy drinks at its Gorakhpur production facility. The company also approved plans to invest in solar power companies. Shares dropped by 2.7% on Monday.

Varun Beverages Reports Strong Financials and Initiates Production at New Facility - 13 Apr, 2024

Varun Beverages Ltd reported strong financial results for Q4 FY24 with a net profit of Rs 132 crore, up 77% YoY, and announced the initiation of commercial production at its new Gorakhpur facility. The company also reported a 21.8% increase in revenue for CY23 at Rs 16,042.6 crore.

Varun Beverages to Acquire Stakes in Two Companies - 12 Apr, 2024

PepsiCo bottler Varun Beverages has announced its plan to acquire up to a 14% stake in both Huoban Energy 11 Private Limited and Aspirative Creative Ventures.

Varun Beverages Invests in Renewable Energy Firms - 11 Apr, 2024

Varun Beverages is set to acquire a stake in two renewable energy companies, Huoban Energy 11 and Aspirative Creative Ventures, for a cash consideration of Rs 2.9 crore and Rs 2.24 crore, respectively. The investment will secure solar power generation and supply for VBL's facilities located in Maharashtra and Uttar Pradesh.

Varun Beverages Invests in Solar Power Supply Companies - 10 Apr, 2024

Varun Beverages has approved investments in two special purpose vehicles engaged in supplying solar power to consumers in Maharashtra and Uttar Pradesh. The company intends to obtain solar power from these companies for its facilities located in Supa Parner, Sakri, District Dhule, Maharashtra, and Gorakhpur, Uttar Pradesh. This move is expected to reduce the power cost at the said facilities and make them more environment-friendly.

Varun Beverages Expects Surge in Sales Despite Slow Demand - 09 Apr, 2024

Varun Beverages Ltd. may face challenges due to slow demand in seasonal categories caused by a delayed winter. However, the company's executive vice chairman is optimistic about sales growth for colas and other cold beverages.

Varun Beverages' EPS Grows by 37% in Last Year - 08 Apr, 2024

Varun Beverages saw a 37% increase in earnings per share (EPS) and 22% revenue growth to ₹160b in the last year. Insiders own 37% of shares, indicating strong alignment with shareholders.

Varun Beverages Share Price Down 0.23% - 05 Apr, 2024

Varun Beverages' share price has declined by 0.23%. The company reported a consolidated sales decline of 31.17% for the quarter ended December 2023, with a net profit of Rs 131.97 crore. The MACD signalled a bias on the counter.

Varun Beverages Stock Rises Amid Strong Growth and Dividend Announcement - 04 Apr, 2024

Varun Beverages has declared a final dividend of ₹1.25 per equity share and experienced remarkable growth under CEO Jaipuria's leadership. The stock rose by 3.91% on NSE and gained around 11.17% in the last one month.

Varun Beverages Announces Interim Dividend; Stock Rises - 03 Apr, 2024

Varun Beverages Ltd announces an interim dividend of Rs 1.25 per share, leading to a rise in stock price by 3.52%. The FMCG stock has delivered 102% returns in a year and has a high PE ratio of 91.99 compared to the sectoral PE of 102.90.

Varun Beverages Expands Footprint with BevCo Acquisition - 27 Mar, 2024

Varun Beverages Ltd has completed the acquisition of South African company, The Beverage Company, aligning with VBL's vision for expansion. With a focus on enhancing manufacturing facilities and improving product mix, VBL aims to boost peak-month capacity by roughly 45%. Brent crude oil price increase may impact margins.