Varun Beverages
 | |
| Company type | Public |
|---|---|
| NSE:VBL BSE:540180 | |
| Industry | Food and Beverage |
| Founded | 1995 |
| Headquarters | , India |
Area served |
|
Key people | Ravi Jaipuria(Founder-Chairman) |
| Revenue |  ₹16,043 crore(US$1.9 billion) (CY2023)[1] |
| ₹3,609 crore(US$430 million) (CY2023)[1] | |
| ₹2,102 crore(US$250 million) (CY2023)[1] | |
| Parent | RJ Corp[2] |
| Subsidiaries |
|
| Website | varunbeverages.com |
Varun Beverages Limited(VBL) is an Indian multinational company that manufactures, bottles and distributes beverages. It is the largestbottling companyofPepsiCo's beverages in the world outside the United States and the largest in AMESA sector.[3][4]The company was incorporated in 1995 as a subsidiary of RJ Corp, and named after founderRavi Jaipuria's son.[5]
Apart fromcarbonated soft drinksof PepsiCo such asPepsi,7 Up,Mountain DewandMirinda,the company distributesTropicanaand TropicanaSlicefruit juice brands,Gatoradesports-themed beverages,Stingenergy drinks, Creambell milkshakes,Duke'sclub soda,Liptonready-to-drink ice tea, andAquafinabrand ofbottled water.[6][7][8] As of 2019, Varun Beverages is PepsiCo bottler in 27statesand 7union territoriesof India.[9]The company also manufactures and distributes its products inNepal,Sri Lanka,Morocco,Mozambique,Zambia,Zimbabwe,Democratic Republic of Congo,Madagascar,South Africa,Lesotho,Eswatini,NamibiaandBotswana.[10][11][12]
In 2022, VBL entered into an agreement to manufactureKurkurePuffcorn for PepsiCo India Holdings.[13]
In 2022, 70% volumes came from selling Carbonated Soft Drinks (CSDs), 23% volumes came from selling packages of drinking water, and the rest 7% volumes came from selling Non-Carbonated Beverages (NCBs). Sales volume has grown by 24% CAGR from FY2018-2022 with 81% of volume coming from India and the rest Internationally.[14]
In December 2023, Varun Beverages acquiredPepsico's South African bottler Bevco for ₹1,320 crore.[15]
In April 2024, Varun Beverages started manufacturing soft drinks at Gorakhpur facility[16]
See also
[edit]References
[edit]- ^abcSingh, Navdeep (6 February 2023)."Varun Beverages Q3 results: Net profit soars 150% YoY; Re 1/share dividend declared".The Economic Times.Retrieved28 May2023.
- ^"Varun Beverages on verge of bagging more territories from PepsiCo in India".Business Standard.Retrieved22 May2020.
- ^"India's per-capita soft drink consumption to be almost double to 84 bottles a year by 2021: VBL".Economic Times.Retrieved22 May2020.
- ^"Varun Beverages raises stake in Zambia subsidiary".Livemint.Retrieved22 May2020.
- ^"Pepsi Bottler Ravi Jaipuria Is Newest Indian Billionaire".Forbes.Retrieved22 May2020.
- ^"Outlier: A quick view of Varun Beverages".Moneycontrol.Retrieved22 May2020.
- ^"Varun Beverages: Beneficiary of inorganic growth, but how long can it sustain?".Moneycontrol.Retrieved22 May2020.
- ^"Varun Beverages: Operating leverage and higher realization drive earnings"(PDF).Motilal Oswal.Retrieved8 February2023.
- ^"Varun Beverages to bottle all the Pepsi that India drinks".Economic Times.Retrieved22 May2020.
- ^"Varun Beverages Company History".Business Standard.Retrieved22 May2020.
- ^"Varun Beverages, promoted by PepsiCo bottler RJ Corp, files for IPO".Economic Times.Retrieved22 May2020.
- ^"Why Varun Beverages, One Of Pepsico's Largest Bottlers, Is Going Public".Bloomberg Quint.Retrieved22 May2020.
- ^"Varun Beverages gains after entering into agreement to manufacture Kurkure Puffcorn".Business Standard India.2 March 2022.Retrieved8 February2023.
- ^"Dividend Payout"(PDF).varunbeverages.com.
- ^"Varun Beverages to acquire Pepsico's South Africa bottler Bevco for Rs 1,320 crore".Moneycontrol.19 December 2023.Retrieved19 December2023.
- ^Varun Beverages starts production of soft drinks at Gorakhpur facility.www.business-standard.com.13 April 2024.
  | This article about an Indian company is astub.You can help Wikipedia byexpanding it. |