Varun Beverages Share Price Drops 0.76% on January 9

On January 9, 2025, Varun Beverages share price opened at ₹608.50, up from its previous close of ₹606.95. At 10:05 AM, the share price of Varun Beverages was trading at ₹602.35, down by 0.76% on the NSE. As of the same time, the stock price touched its day’s low at ₹599.85.

Recent Developments

Earlier this month, the company announced an investment of ₹4,128.04 million by subscribing to 1,984,695 Ordinary Shares of its South African subsidiary, The Beverage Company Proprietary Limited (Bevco), at a price of ZAR 453.47 per share, totalling ZAR 900 million.

This strategic investment is aimed at enabling Bevco to repay its existing debt and strengthen its balance sheet to support future business growth.

Bevco is a prominent player in the manufacturing and distribution of licensed and own-branded non-alcoholic beverages in South Africa. The company holds franchise rights from PepsiCo Inc. for South Africa, Lesotho, and Eswatini, making it a key partner in the region’s beverage market. For the financial year ended June 30, 2024, Bevco reported a consolidated turnover of ZAR 4,090 million.

Financial Performance Highlights

The company’s revenue from operations rose by 24.1% year-on-year (YoY) to ₹4,804.68 crore in Q3 CY2024, compared to ₹3,870.52 crore in Q3 CY2023. The net realisation per case improved by 1.9% to ₹179.6 in Q3 CY2024.

Profit After Tax (PAT) increased by 22.3% to ₹628.83 crore in Q3 CY2024, up from ₹514.06 crore in Q3 CY2023, driven by volume growth and improved margins.

About Varun Beverages Limited

Varun Beverages Limited (VBL) is a leading player in the beverage industry and one of PepsiCo’s largest franchisees globally (outside the USA). The company manufactures and distributes an extensive range of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including packaged drinking water, under PepsiCo-owned trademarks. VBL’s portfolio of PepsiCo CSD brands includes popular names like Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda, Seven-Up Nimbooz Masala Soda, and Evervess.

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