Varun Beverages
 | |
| Company type | Public |
|---|---|
| NSE: VBL BSE: 540180 | |
| Industry | Beverage |
| Founded | 1995 |
| Headquarters | , India |
Area served |
|
Key people | Ravi Jaipuria (Founder-Chairman) |
| Revenue |  ₹16,043 crore (US$2.0 billion) (CY2023)[1] |
| ₹3,609 crore (US$450 million) (CY2023)[1] | |
| ₹2,102 crore (US$260 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 second largest bottling company of PepsiCo'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 founder Ravi Jaipuria's son.[5]
Apart from carbonated soft drinks of PepsiCo such as Pepsi, 7 Up, Mountain Dew and Mirinda, the company distributes Tropicana and Tropicana Slice fruit juice brands, Gatorade sports-themed beverages, Sting energy drinks, Creambell milkshakes, Duke's club soda, Lipton ready-to-drink ice tea, and Aquafina brand of bottled water.[6][7][8] As of 2019, Varun Beverages is PepsiCo bottler in 27 states and 7 union territories of India.[9] The company also manufactures and distributes its products in Nepal, Sri Lanka, Morocco, Mozambique, Zambia, Zimbabwe, South Africa, Lesotho, Eswatini, Namibia and Botswana.[10][11][12]
In 2022, VBL entered into an agreement to manufacture Kurkure Puffcorn 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 acquired Pepsico'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
References
- ^ a b c Singh, Navdeep (6 February 2023). "Varun Beverages Q3 results: Net profit soars 150% YoY; Re 1/share dividend declared". The Economic Times. Retrieved 28 May 2023.
- ^ "Varun Beverages on verge of bagging more territories from PepsiCo in India". Business Standard. Retrieved 22 May 2020.
- ^ "India's per-capita soft drink consumption to be almost double to 84 bottles a year by 2021: VBL". Economic Times. Retrieved 22 May 2020.
- ^ "Varun Beverages raises stake in Zambia subsidiary". Livemint. Retrieved 22 May 2020.
- ^ "Pepsi Bottler Ravi Jaipuria Is Newest Indian Billionaire". Forbes. Retrieved 22 May 2020.
- ^ "Outlier: A quick view of Varun Beverages". Moneycontrol. Retrieved 22 May 2020.
- ^ "Varun Beverages: Beneficiary of inorganic growth, but how long can it sustain?". Moneycontrol. Retrieved 22 May 2020.
- ^ "Varun Beverages: Operating leverage and higher realization drive earnings" (PDF). Motilal Oswal. Retrieved 8 February 2023.
- ^ "Varun Beverages to bottle all the Pepsi that India drinks". Economic Times. Retrieved 22 May 2020.
- ^ "Varun Beverages Company History". Business Standard. Retrieved 22 May 2020.
- ^ "Varun Beverages, promoted by PepsiCo bottler RJ Corp, files for IPO". Economic Times. Retrieved 22 May 2020.
- ^ "Why Varun Beverages, One Of Pepsico's Largest Bottlers, Is Going Public". Bloomberg Quint. Retrieved 22 May 2020.
- ^ "Varun Beverages gains after entering into agreement to manufacture Kurkure Puffcorn". Business Standard India. 2 March 2022. Retrieved 8 February 2023.
- ^ https://varunbeverages.com/wp-content/uploads/2023/03/VBL-AR-2022-annualReport.pdf#page=140
- ^ "Varun Beverages to acquire Pepsico's South Africa bottler Bevco for Rs 1,320 crore". Moneycontrol. 19 December 2023. Retrieved 19 December 2023.
- ^ https://www.business-standard.com/companies/news/varun-beverages-starts-production-of-soft-drinks-at-gorakhpur-facility-124041300557_1.html
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