Varun Beverages, a leading bottler of PepsiCo beverages, announced on Saturday that it has commenced commercial production of soft drinks and energy drinks at its new facility in Gorakhpur, Uttar Pradesh. The company, promoted by the Jaipuria family, also disclosed plans to introduce juices and value-added dairy products at the same location, according to a […]
Pepsi India bottler Varun Beverages on Monday reported a nearly 77 per cent increase in its quarterly profit, as it saw double-digit volume growth across domestic and international markets even as higher costs of essentials weighed on consumers. Consolidated net profit increased to 1.32 billion rupees (USD 15.9 million) in the fourth quarter ended 31 […]
The company attributed the rise in profit after tax to increased revenue from operations and improved margins. Profit before tax reached Rs 666.92 crore in the September 2023 quarter, marking a substantial 30.47 per cent increase compared to Rs 511.18 crore in the same quarter of the previous year. During Q3 CY23, total sales volumes […]
The market capitalisation (m-cap) of Varun Beverages (VBL) has crossed the Rs one trillion mark with the latest bull run in its stock prices. In 2023, its stocks accumulated about 20 per cent returns on a cumulative basis, hitting highs. Data showed that they rose by 125 per cent in the past year. At the […]
Varun Beverages, one of PepsiCo’s franchisees on Monday reported a 69 per cent year-on-year (YoY) rise in its consolidated profit after tax (PAT) at Rs 429 crore in the quarter ended 31 March 2023, compared to Rs 254 crore the previous year in the same quarter, according to its regulatory filing. The company’s revenue from […]
