Varun Beverages

In an announcement last week, Reliance Consumer Products launched Campa with three flavors: cola, lemon, and orange. The drinks have been launched in Andhra Pradesh and Telangana

The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population

The Indian soft drink market is expected to see "significant growth" as consumption is anticipated to increase steadily, which will deliver sustainable and healthy volume growth across all product categories, said Varun Beverages Ltd (VBL), PepsiCo's largest franchise bottler. This would be driven by factors such as shifting population demographics, the rising spending power of young consumers, accelerated urbanisation, and growing rural consumption. The company is in the process of further expanding its capacities to meet the higher demand expectations, said VBL in its latest annual report. Its distribution model and on-the-ground end-to-end infrastructure facilities continue to be the key growth drivers and VBL remains committed to extending it to newer areas and under-penetrated regions to further boost its market presence," it added. While from an operational standpoint, VBL continues to focus on new product categories and evolving customer preferences. Launch of new products

Stocks to Watch: As per reports, MSCI on Thursday evening said it had cut its determined free float for four companies in the Adani Group: Adani Enterprises, Adani Total Gas, Adani Transmission & ACC

Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Monday reported a more than twofold jump in its consolidated net profit to Rs 81.52 crore for the quarter that ended December 31, 2022, led by volume growth and improved net realizations. The company, which follows the calendar year as its financial year, posted a net profit of Rs 32.59 crore during the October-December quarter a year ago. Its revenue from operations during the quarter under review stood at Rs 2,257.20 crore, up 27.89 per cent as against Rs 1,764.93 crore of the corresponding period last fiscal, Varun Beverages Ltd (VBL) said in a regulatory filing. VBL's "sales volumes grew by 17.8 per cent in Q4 CY2022 to 132.0 million cases," said the company in its earning statement. Its PAT increased 150 per cent in the October-December period, which is a "seasonally weak quarter". Its "net realization increased by 6 per cent to Rs 164 primarily due to price hike in select SKUs, rationalised discounts/incentives, an

Any increase in GST/cess could adversely impact the consumption of carbonated drinks and other beverages, said ICICI Securities

Muthoot Finance, Paytm move to the midcap list after MF industry rejigs stock classification

Biocon, Gland Pharma, Mphasis and Bandhan Bank may move out, says note by Nuvama Alternative & Quantitative Research

These stocks will witness inflows between $165 million and $255 million from passive trackers, analysts said

Varun Beverages, Tube Investments, IHCL seen as potential inclusions

They could replace Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, Bandhan Bank and Paytm, which may move to mid-cap space, reveals analysis by Brian Freitas of Periscope Analytics

Energy drink Sting help drive realisations of Pepsi bottler in Q3CY22

Going ahead, VBL expects double-digit volume growth to continue, led by 5-10 per cent annual outlet expansion and growth in revenue per outlet

Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 53.34 per cent jump in consolidated profit after tax at Rs 395.48 crore for the September quarter, helped by revenue growth and transition to lower tax rate in India. The company, which follows January-December financial year, had posted a profit after tax of Rs 257.90 crore in the July-September quarter of 2021. Varun Beverages Ltd's (VBL) revenue from operations in the latest September quarter stood at Rs 3,248.30 crore, up 33.10 per cent as compared to Rs 2,440.43 crore in the year-ago period. Its revenue from operations was up "on account of robust volume growth over last year and higher realisation on a consolidated basis," VBL said in its earning statement. "Sales volumes in India grew by 22.1 per cent in Q3 CY2022 to 148 million cases and in international markets grew by 31.3 per cent to 42 million cases. Total volume for the quarter was 190 million cases," it added. The company said profit afte

Average stake down 40 bps from previous quarter at 22%

CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance

The two applicants proposed to settle the alleged violations of insider trading rules "without admitting or denying the findings" through a settlement order

CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan

Varun Beverages, PepsiCo's largest franchise bottler, on Monday reported a two-fold rise in consolidated profit after tax at Rs 802.01 crore for June quarter on growth in revenue from operations.

The order came after the two applicants proposed to settle the alleged violations of insider trading rules, "without admitting or denying the findings" through a settlement order.