Varun Beverages Ltd.
Snapshot View

787.25 -1.95 ▼-0.3%

03 August 2021, 03:50:00 P.M.
Volume: 50,131

Overview View Details

Sector Fast Moving Consumer Goods Compare with Sector peers
Industry Consumer Food Compare with Industry peers
Website
Financial Indicators
Market Cap 34,174.97 Cr.
Earnings per share (EPS) 9.31 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 84.73 Trailing Twelve Months Ending 2021-03
Industry PE 58.31 Trailing Twelve Months Ending 2021-03
Book Value / Share 87.87 Trailing Twelve Months Ending 2021-03
Price to Book Value 8.98 Calculated using Price: 789.20
Dividend Yield 0.21 Period Ending 2020-12
No. of Shares Subscribed 43.30 Cr. 433,033,080 Shares
FaceValue 10
Company Profile

Varun Beverages is the second largest franchisee in the world (outside US) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo and a key player in the beverage industry. The company produce and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands sold by the company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke’s Soda and Sting. PepsiCo NCB brands sold by the company include Tropicana (100%, Essentials & Delight), Tropicana Slice, Tropicana Frutz, Seven-Up Nimbooz, Gatorade and Quaker Oat Milk as well as packaged drinking water under the brand Aquafina. In addition, the company also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka.

The company has been associated with PepsiCo since the 1990s and has over two and half decades consolidated its business association with PepsiCo, increasing the number of PepsiCo licensed territories and sub-territories covered by the company, producing and distributing a wider range of PepsiCo beverages, introducing various SKUs in its portfolio, and expanding its distribution network. The company has been granted franchisees for various PepsiCo products spread across 27 States and 7 Union Territories (except Jammu & Kashmir and Andhra Pradesh) in India.

Although, India is the company’s largest market, it has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. VBL has several manufacturing plants in India and in international geographies. In addition, the company has set up backward integration facilities for production of preforms, crowns, corrugated boxes, plastic crates and shrink-wrap films in certain of its production facilities to ensure operational efficiencies and quality standards. The company is part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants, dairy and healthcare.

Business area of the company

The company is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.

Products

The company’s portfolio of beverage products includes some of the best recognized PepsiCo trademarks in the world. Its product portfolio includes CSDs and NCBs.

Carbonated Soft Drinks-

  • Pepsi-Cola
  • Seven-Up
  • Mountain Dew
  • Mirinda
  • Evervess

Non-Carbonated Beverages-

  • Tropicana Slice
  • Nimbooz
  • Tropicana Frutz

Packaged Drinking Water-

  • Aquafina

Awards 

  • 2009: The Company received BU Best Quality Plant Team Award for the production facility at Kosi.
  • 2010: The Company received PepsiCo Amea Bronze Food Safety Award for the production facility at Greater Noida I.
  • 2010: The Company received ISO 14001: 2004 certificate for the production facility at Jainpur.
  • 2011: The Company received PepsiCo Amea Silver Food Safety Award for the production facility at Greater Noida I.
  • 2011: The Company received PepsiCo Quality Excellence Bronze Award for the production facility at Kosi.
  • 2011: The Company received ISO 14001:2004 certificate for the production facility at Bhiwadi.
  • 2012: The Company received PepsiCo Amea Gold Food Safety Award for the production facility at Greater Noida I.
  • 2012: The Company received ISO 14001:2004 certificate for the production facility at Kolkata.
  • 2013: The Company received FSSC 22000:2010 certificate for the production facility at Greater Noida I.
  • 2014: The Company received OHSAS 18001:2007 certificate for the production facility at Nuh.
  • 2014: The Company received ISO 14001: 2004 certificate for the production facility at Nuh.
  • 2014: The Company received CII National Award for Food Safety for the production facility at Nuh.
  • 2015: The company received FSSC 22000 certificate for the production facilities at Goa, Greater Noida II and Kolkata.
  • 2015: The Company received ISO 14001:2004, OHSAS 18001:2007 and ISO 9001:2008 certificates for the backward integration facility at Alwar.
  • 2015: The Company received ISO 22000:2005 and ISO 9001:2008 certificates for the backward integration facility at Jaipur.
  • 2015: The Company received AIB International certificate for the production facilities at Bhiwadi, Goa, Jainpur, Bazpur, Greater Noida II, Kolkata, Satharia, Kosi and Greater Noida I.
  • 2018: National Best Employer Brand Award for 2018, by ET Now
  • 2018: North India Best Employer Brand Award for 2018
  • 2018: Nepal Best Employer Brand Award for 2018
  • 2019: The Company received Corporate Governance Awards 2019 - Best FMCG Corporate Governance India by Capital Finance International (Cfi.co)
  • 2019: Sri Lanka Best Employer Brand Award for 2019
  • 2019: Bottler of the year 2019
  • 2019: Best FMCG Corporate Governance India 2019

Milestones

  • 1995: Incorporation of the company as public limited company.
  • 1996: Started operation at Jaipur.
  • 1999: Started operations in Alwar, Jodhpur and Kosi.
  • 2004: Merger of DBL with the company pursuant to the order of High Court of Delhi dated October 6, 2004.
  • 2013: Merger of VBIL with the company pursuant to the order of High Court of Delhi dated March 12, 2013.
  • 2013: The company acquired the business of manufacturing and marketing of soft drink beverages and syrup mix in Delhi, India.
  • 2015: Business transfer agreement through which the company acquired PepsiCo India’s business of manufacturing, marketing, selling and distributing soft drink beverages and syrup mix in the Indian states of Uttar Pradesh (excluding certain territories), Uttarakhand, Himachal Pradesh, Haryana (excluding certain territories) and the Union Territory of Chandigarh.
  • 2015: Business transfer agreement through which the company acquired PepsiCo India’s business of manufacturing, marketing, selling and distributing soft drink beverages and syrup mix in Bazpur, Jainpur, Satharia and Panipat.
  • 2015: The company acquired the business of selling and distribution of soft drinks beverages and syrup mix in one district undertaking situated in Punjab.
  • 2016: The company acquired entire shareholding of Arctic International Private Limited in Varun Beverages Mozambique, Limitada.
  • 2016: The company acquired entire shareholding of Arctic International Private Limited in Varun Beverages (Zambia) Limited.
  • 2016: Incorporation of Varun Beverages (Zimbabwe) (Private) Limited.
  • 2016: Acquisition of 85% of the shareholding of VBZPL.
  • 2017: Concluded the acquisition of PepsiCo India’s previously franchised sub-territories of the State of Odisha and parts of Madhya Pradesh along with two manufacturing units at Bargarh (Odisha) and Mandideep (MP) w.e.f. September 27, 2017.
  • 2017: Launched Pepsi Black, a zero calorie cola flavor CSD product currently available in 250ml cans and 250 ml nonreturnable glass bottles.
  • 2017: Launched Sting for the next season, a carbonated energydrink available in 250ml cans and 250 ml PET bottles at a highly competitive price point as compared to other brands in the segment.
  • 2018: Concluded the acquisition of PepsiCo India’s previously franchised sub-territory of the State of Chhattisgarh w.e.f. January 11, 2018
  • 2018: Acquired franchisee rights of PepsiCo India’s previously franchised sub-territory of the State of Bihar w.e.f. January 17, 2018
  • 2018: Acquired a manufacturing unit at Cuttack (Odisha) w.e.f. Jan 19, 2018
  • 2018: Concluded the acquisition of PepsiCo India’s previously franchised sub-territory of the State of Jharkhand along with a manufacturing unit at Jamshedpur.
  • 2018: Consolidation of 5 new sub-territories acquired in 2018 has yielded positive results with significant volume and margin expansion.
  • 2018: Expanded juice portfolio with the launch of Fizzy drink in seven different flavors, leveraging the ‘Slice’ brand with wider recognition and strong brand value.
  • 2018: Invested in setting-up a manufacturing facility in Pathankot to commence in-house production.
  • 2019: Concluded the acquisition of PepsiCo India’s previously franchised territories of parts of Maharashtra (14 districts), parts of Karnataka (13 districts) and parts of Madhya Pradesh (3 districts) w.e.f. February 14, 2019.
  • 2019: Entered into a binding agreement with PepsiCo India Holdings Private Limited (‘PepsiCo’) on February 18, 2019 to acquire franchise rights in South and West regions, subject to statutory approvals.
  • 2019: PepsiCo divests West and South bottling franchise to Varun Beverages
  • 2019:  Introduced three variants of ambient temperature value-added dairy beverages - Belgian Chocolate, Cold Coffee, and Mango Shake - at a price of Rs 30 for 200ml PET bottle with a long shelf life of 180 days.
  • 2019: Concluded the acquisition of PepsiCo India’s previously franchised territories of parts of Maharashtra (14 districts), parts of Karnataka (13 districts), and parts of Madhya Pradesh (3 districts).
  • 2019: Concluded the acquisition of franchise rights in South and West regions from PepsiCo for a national bottling, sales, and distribution footprint in 7 States and 5 Union Territories of India w.e.f. May 1, 2019.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.25%
1 Week
+5.98%
1 Month
+9.42%
3 Month
+17.65%
6 Month
+31.63%
1 Year
+72.56%
2 Year
+90.56%
5 Year
9 years 2012-12 2013-12 2014-12 2015-12 2016-12 2017-12 2018-12 2019-12 2020-12
Return on Equity (%) 14.63 -23.27 -13.21 60.84 4.76 12.29 15.76 17.57 10.43
Return on Capital Employed (%) 6.48 5.39 7.21 13.09 15.36 12.10 14.16 17.59 9.73
Return on Assets (%) 0.98 -1.46 -0.67 2.89 0.99 4.21 5.27 6.51 4.25

Balance Sheet View Details

Particulars 9 years 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2014-12 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2018-12 Rs. Cr. 2019-12 Rs. Cr. 2020-12 Rs. Cr.
Shh. Funds 172 215 343 674 1,694 1,769 1,999 3,328 3,524
Non Curr. Liab. 1,483 1,804 1,745 2,403 1,416 1,919 2,251 2,796 2,424
Curr. Liab. 899 966 1,204 1,354 1,728 1,589 1,741 2,220 2,435
Minority Int. 0 0 -13 -1 8 31 65
Equity & Liab. 2,553 2,986 3,292 4,431 4,824 5,276 5,998 8,376 8,447
Non Curr. Assets 1,969 2,442 2,433 3,701 3,972 4,307 4,857 6,704 6,648
Curr. Assets 584 544 859 730 853 969 1,141 1,672 1,800
Misc. Exp. not W/O
Total Assets 2,553 2,986 3,292 4,431 4,824 5,276 5,998 8,376 8,447

Profit Loss View Details

Particulars 9 years 2012-12 Rs. Cr. 2013-12 Rs. Cr. 2014-12 Rs. Cr. 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2018-12 Rs. Cr. 2019-12 Rs. Cr. 2020-12 Rs. Cr.
Net Sales 1,800 2,115 2,502 3,394 3,861 4,004 5,105 7,130 6,450
Other Income 44 17 15 47 36 13 22 43 37
Total Income 1,844 2,133 2,517 3,442 3,897 4,016 5,127 7,172 6,487
Total Expenditure -1,572 -1,823 -2,116 -2,763 -3,063 -3,165 -4,088 -5,667 -5,236
PBIDT 273 310 401 678 834 851 1,039 1,505 1,251
Interest -116 -171 -187 -170 -435 -215 -223 -324 -294
Depreciation -136 -184 -210 -317 -322 -347 -385 -489 -529
Taxation 4 5 -25 -79 -31 -77 -134 -224 -5
Exceptional Items -67
PAT 25 -40 -21 112 46 213 297 468 357

Cash Flow View Details

Particulars 6 years 2015-12 Rs. Cr. 2016-12 Rs. Cr. 2017-12 Rs. Cr. 2018-12 Rs. Cr. 2019-12 Rs. Cr. 2020-12 Rs. Cr.
Cash Fr. Operatn. 555 826 620 1,000 1,308 1,012
Cash Fr. Inv. -300 -1,048 -745 -873 -2,319 -471
Cash Fr. Finan. -236 230 159 -84 1,107 -574
Net Change 19 8 33 42 96 -33
Cash & Cash Eqvt 24 33 65 43 138 105

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 73.56 68.43 68.43 68.04 66.40 66.40 66.40 66.40 65.82
Public 26.44 31.57 31.57 31.96 33.60 33.60 33.60 33.60 34.18
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.13 0.13 0.13 0.12 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 02 Aug 2021
Regulation 30: Outcome Of The Board Meeting
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:30 A.M.) inter-alia considered and approved the following:

1. The Unaudited Financial Results of the Company (Standalone and Consolidated) for the Quarter and Half Year ended June 30 2021 (Copy of the same along-with Limited Review Report issued by M/s. Walker Chandiok & Co. LLP Chartered Accountants and M/s. APAS & Co. LLP Chartered Accountants Joint Statutory Auditors of the Company with unmodified opinion are attached and the same are being uploaded on website of the Company).
Mon, 02 Aug 2021
Board Meeting Outcome for Regulation 30: Outcome Of The Board Meeting
The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:30 A.M.) inter-alia considered and approved :
1. The Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended June 30 2021 .
2. The payment of interim dividend of Rs. 2.50 per Equity Share for the financial year 2021 on the total issued subscribed and paid-up 43 30 33 080 Equity Shares of the nominal value of Rs. 10/- each.
3. Pursuant to Regulation 42 of the SEBI LODR fixed Thursday August 12 2021 as the RECORD DATE for ascertaining the eligibility of the Equity Shareholders for payment of interim dividend.
4. Upgradation of Mr. Vikas Bhatia as a CFO & KMP with immediate effect due to his role enhancement. Further pursuant to recommendation of Nomination & Remuneration Committee and Audit Risk Management and Ethics Committee Mr. Rajesh Chawla is upgraded as CFO and KMP with immediate effect in place of Mr. Vikas Bhatia.
Mon, 02 Aug 2021
Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find attached herewith a copy of the Presentation on Unaudited Financial Results of the Company for the Quarter and Half Year ended June 30 2021.

The same is also being uploaded on website of the Company at www.varunpepsi.com.

Technical Scans View Details

Mon, 02 Aug 2021
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Close Crossing Last Week High Close Crossing Last Week High
Close Crossing Last Month Close From Below Close Crossing Last Month Close From Below

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Hindustan Unilever Ltd. 548,006.35 2,390.00 +2.5%
ITC Ltd. 255,117.70 209.80 +1.2%
Nestle India Ltd. 170,743.07 18,318.00 +3.4%
Dabur India Ltd. 105,929.67 614.00 +2.5%
Godrej Consumer Products Ltd. 101,400.51 1,020.00 +2.8%
Britannia Industries Ltd. 84,394.23 3,571.65 +1.9%
Marico Ltd. 69,283.02 545.00 +1.8%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-06 66.88 2,390.00 +2.5%
ITC Ltd. Consolidated 2021-06 18.32 209.80 +1.2%
Nestle India Ltd. Standalone 2021-06 77.22 18,318.00 +3.4%
Dabur India Ltd. Consolidated 2021-03 62.56 614.00 +2.5%
Godrej Consumer Products Ltd. Consolidated 2021-03 58.93 1,020.00 +2.8%
Britannia Industries Ltd. Consolidated 2021-06 49.42 3,571.65 +1.9%
Marico Ltd. Consolidated 2021-06 60.46 545.00 +1.8%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-06 11.01 2,390.00 +2.5%
ITC Ltd. Consolidated 2021-06 3.72 209.80 +1.2%
Nestle India Ltd. Standalone 2021-06 76.31 18,318.00 +3.4%
Dabur India Ltd. Consolidated 2021-03 14.05 614.00 +2.5%
Godrej Consumer Products Ltd. Consolidated 2021-03 10.75 1,020.00 +2.8%
Britannia Industries Ltd. Consolidated 2021-06 21.45 3,571.65 +1.9%
Marico Ltd. Consolidated 2021-06 19.21 545.00 +1.8%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 0.00 2,390.00 +2.5%
ITC Ltd. Consolidated 2021-03 0.00 209.80 +1.2%
Nestle India Ltd. Standalone 2020-12 0.02 18,318.00 +3.4%
Dabur India Ltd. Consolidated 2021-03 0.07 614.00 +2.5%
Godrej Consumer Products Ltd. Consolidated 2021-03 0.19 1,020.00 +2.8%
Britannia Industries Ltd. Consolidated 2020-03 0.35 3,571.65 +1.9%
Marico Ltd. Consolidated 2020-03 0.11 545.00 +1.8%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 28.63 2,390.00 +2.5%
ITC Ltd. Consolidated 2021-03 21.97 209.80 +1.2%
Nestle India Ltd. Standalone 2020-12 105.76 18,318.00 +3.4%
Dabur India Ltd. Consolidated 2021-03 24.14 614.00 +2.5%
Godrej Consumer Products Ltd. Consolidated 2021-03 19.87 1,020.00 +2.8%
Britannia Industries Ltd. Consolidated 2020-03 32.39 3,571.65 +1.9%
Marico Ltd. Consolidated 2020-03 35.04 545.00 +1.8%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 38.36 2,390.00 +2.5%
ITC Ltd. Consolidated 2021-03 28.66 209.80 +1.2%
Nestle India Ltd. Standalone 2020-12 147.88 18,318.00 +3.4%
Dabur India Ltd. Consolidated 2021-03 27.29 614.00 +2.5%
Godrej Consumer Products Ltd. Consolidated 2021-03 19.61 1,020.00 +2.8%
Britannia Industries Ltd. Consolidated 2020-03 37.12 3,571.65 +1.9%
Marico Ltd. Consolidated 2020-03 42.59 545.00 +1.8%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 47,029.00 2,390.00 +2.5%
ITC Ltd. Consolidated 2021-03 49,272.78 209.80 +1.2%
Nestle India Ltd. Standalone 2020-12 13,350.03 18,318.00 +3.4%
Dabur India Ltd. Consolidated 2021-03 9,546.60 614.00 +2.5%
Godrej Consumer Products Ltd. Consolidated 2021-03 11,028.62 1,020.00 +2.8%
Britannia Industries Ltd. Consolidated 2020-03 11,599.55 3,571.65 +1.9%
Marico Ltd. Consolidated 2020-03 7,315.00 545.00 +1.8%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Hindustan Unilever Ltd. Consolidated 2021-03 7,999.00 2,390.00 +2.5%
ITC Ltd. Consolidated 2021-03 13,389.80 209.80 +1.2%
Nestle India Ltd. Standalone 2020-12 2,082.43 18,318.00 +3.4%
Dabur India Ltd. Consolidated 2021-03 1,695.96 614.00 +2.5%
Godrej Consumer Products Ltd. Consolidated 2021-03 1,720.83 1,020.00 +2.8%
Britannia Industries Ltd. Consolidated 2020-03 1,393.16 3,571.65 +1.9%
Marico Ltd. Consolidated 2020-03 1,043.00 545.00 +1.8%