Tag: Varun Beverages

[ad_1] Varun Beverages (VBL), one of PepsiCo’s leading bottling and manufacturing firm globally, is aiming to acquire 100 per cent stake in a South Africa-based company named The Beverage Company (Proprietary) Ltd for Rs 1,320 crore. The deal is expected to be complete by 31 July, 2024, it said in a regulatory filing. The South Africa-based company and its wholly-owned subsidiaries – collectively known as Bevco – are engaged in the business of manufacturing and distribution of licensed (PepsiCo Inc.) and own-branded non-alcoholic beverages. Bevco has franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini. Further, it also ... Read more

[ad_1] Varun Beverages has been the best performer over the past year in the fast-moving consumer goods (FMCG) space, delivering a return of 60 per cent. This is thrice that of the Nifty FMCG, its peer index. Brokerages expect the company, which has delivered sales growth over the last nine months (9MCY23) of 22 per cent, to maintain its momentum led by higher distribution reach, new launches and international expansion.  The company’s revenue growth was led by robust volume growth of 15.4 per cent year-on-year (Y-o-Y) at 220 million cases and improved realisations, which edged up ... Read more