Latest news with #RaviJaipuria
Mint
2 days ago
- Business
- Mint
Varun Beverages Q2 profit up 5pc to ₹1,325.4 cr, revenue down 2.32 pc to ₹7,163 cr
New Delhi, Jul 30 (PTI) Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 5.04 per cent increase in its consolidated net profit to ₹ 1,325.4 crore for the second quarter that ended June 2025, helped by operational efficiencies and lower finance cost, though volume was impacted in peak summer season due to unseasonal rains. The company, which follows the calendar year as its financial year, had posted a net profit of ₹ 1,261.8 crore in the April-June quarter a year ago, according to a regulatory filing from Varun Beverages Ltd (VBL). However, its revenue from operations declined 2.32 per cent to ₹ 7,163.02 crore in the June quarter of FY26. It stood at ₹ 7,333.67 crore in the corresponding quarter last fiscal. During June, VBL reported a 3 per cent drop in consolidated sales volume at 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India," the bottler said in its earnings statement. Its India volumes declined by 7.1 per cent, while international volumes grew by 15.1 per cent, partially offsetting the overall decline, it said. In the June quarter, "net realisation per case at the consolidated level improved by 0.5 per cent, driven by 6.6 per cent improvement in the International markets," said VBL. VBL's profit after tax (PAT) rose 5 per cent, primarily driven by operational efficiencies and lower finance costs, the company said. Total expenses declined 3.62 per cent to ₹ 5,506.94 crore in the June quarter. VBL's total income in the June quarter was at ₹ 7,240.17 crore, down 1.86 per cent. Commenting on the results, Chairman Ravi Jaipuria said, "In spite of unusually early onset of monsoon rains in the peak summer months in India, we could keep our realisations per case and EBITDA margins intact. Due to growth in international markets supported by strong positive currency movement in African territories, the company ended the quarter with a positive PAT, in spite of 3 per cent decline in consolidated sales volumes." Meanwhile, in a separate filing, VBL said its board has approved a second interim dividend of ₹ 0.50 per share, representing 25 per cent of the face value of ₹ 2 each. In the June quarter, VBL commissioned new production facilities at Prayagraj (UP), Damtal (HP), Buxar (Bihar) and Mendipathar (Meghalaya). Moreover, during the current quarter, Varun Beverages Morocco SA (a subsidiary of the company) has started commercial production of PepsiCo's snack product "Cheetos" in Morocco. VBL has franchisees for various PepsiCo products across 27 states and 7 union territories in India, which accounts for 90 per cent of the beverage sales volume of PepsiCo India. Besides, it has also franchises for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. India is the largest market and contributes around 80 per cent of revenues from operations.
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Business Standard
2 days ago
- Business
- Business Standard
Varun Beverages Q2 results: Profit up 5% to ₹1,325.4 cr, revenue down 2.32%
Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 5.04 per cent increase in its consolidated net profit to Rs 1,325.4 crore for the second quarter that ended June 2025, helped by operational efficiencies and lower finance cost, though volume was impacted in peak summer season due to unseasonal rains. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 1,261.8 crore in the April-June quarter a year ago, according to a regulatory filing from Varun Beverages Ltd (VBL). However, its revenue from operations declined 2.32 per cent to Rs 7,163.02 crore in the June quarter of FY26. It stood at Rs 7,333.67 crore in the corresponding quarter last fiscal. During June, VBL reported a 3 per cent drop in consolidated sales volume at 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India," the bottler said in its earnings statement. Its India volumes declined by 7.1 per cent, while international volumes grew by 15.1 per cent, partially offsetting the overall decline, it said. In the June quarter, "net realisation per case at the consolidated level improved by 0.5 per cent, driven by 6.6 per cent improvement in the International markets," said VBL. VBL's profit after tax (PAT) rose 5 per cent, primarily driven by operational efficiencies and lower finance costs, the company said. Total expenses declined 3.62 per cent to Rs 5,506.94 crore in the June quarter. VBL's total income in the June quarter was at Rs 7,240.17 crore, down 1.86 per cent. Commenting on the results, Chairman Ravi Jaipuria said, "In spite of unusually early onset of monsoon rains in the peak summer months in India, we could keep our realisations per case and EBITDA margins intact. Due to growth in international markets supported by strong positive currency movement in African territories, the company ended the quarter with a positive PAT, in spite of 3 per cent decline in consolidated sales volumes." Meanwhile, in a separate filing, VBL said its board has approved a second interim dividend of Rs 0.50 per share, representing 25 per cent of the face value of Rs 2 each. In the June quarter, VBL commissioned new production facilities at Prayagraj (UP), Damtal (HP), Buxar (Bihar) and Mendipathar (Meghalaya). Moreover, during the current quarter, Varun Beverages Morocco SA (a subsidiary of the company) has started commercial production of PepsiCo's snack product "Cheetos" in Morocco. VBL has franchisees for various PepsiCo products across 27 states and 7 union territories in India, which accounts for 90 per cent of the beverage sales volume of PepsiCo India. Besides, it has also franchises for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. India is the largest market and contributes around 80 per cent of revenues from operations. Shares of Varun Beverages Ltd on Wednesday were trading at Rs 522.30 on BSE, up 1.97 per cent from the previous close.
Mint
2 days ago
- Business
- Mint
Varun Beverages Q2 profit up 5pc to ₹1,325.4 cr, revenue down 2.32 pc to ₹7,163 cr
New Delhi, Jul 30 (PTI) Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 5.04 per cent increase in its consolidated net profit to ₹ 1,325.4 crore for the second quarter that ended June 2025, helped by operational efficiencies and lower finance cost, though volume was impacted in peak summer season due to unseasonal rains. The company, which follows the calendar year as its financial year, had posted a net profit of ₹ 1,261.8 crore in the April-June quarter a year ago, according to a regulatory filing from Varun Beverages Ltd (VBL). However, its revenue from operations declined 2.32 per cent to ₹ 7,163.02 crore in the June quarter of FY26. It stood at ₹ 7,333.67 crore in the corresponding quarter last fiscal. During June, VBL reported a 3 per cent drop in consolidated sales volume at 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India," the bottler said in its earnings statement. Its India volumes declined by 7.1 per cent, while international volumes grew by 15.1 per cent, partially offsetting the overall decline, it said. In the June quarter, "net realisation per case at the consolidated level improved by 0.5 per cent, driven by 6.6 per cent improvement in the International markets," said VBL. VBL's profit after tax (PAT) rose 5 per cent, primarily driven by operational efficiencies and lower finance costs, the company said. Total expenses declined 3.62 per cent to ₹ 5,506.94 crore in the June quarter. VBL's total income in the June quarter was at ₹ 7,240.17 crore, down 1.86 per cent. Commenting on the results, Chairman Ravi Jaipuria said, "In spite of unusually early onset of monsoon rains in the peak summer months in India, we could keep our realisations per case and EBITDA margins intact. Due to growth in international markets supported by strong positive currency movement in African territories, the company ended the quarter with a positive PAT, in spite of 3 per cent decline in consolidated sales volumes." Meanwhile, in a separate filing, VBL said its board has approved a second interim dividend of ₹ 0.50 per share, representing 25 per cent of the face value of ₹ 2 each. In the June quarter, VBL commissioned new production facilities at Prayagraj (UP), Damtal (HP), Buxar (Bihar) and Mendipathar (Meghalaya). Moreover, during the current quarter, Varun Beverages Morocco SA (a subsidiary of the company) has started commercial production of PepsiCo's snack product "Cheetos" in Morocco. VBL has franchisees for various PepsiCo products across 27 states and 7 union territories in India, which accounts for 90 per cent of the beverage sales volume of PepsiCo India. Besides, it has also franchises for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. India is the largest market and contributes around 80 per cent of revenues from operations. Shares of Varun Beverages Ltd on Wednesday were trading at ₹ 522.30 on BSE, up 1.97 per cent from the previous close.
Time of India
2 days ago
- Business
- Time of India
India's thirst for ‘no added sugar' increases; Varun Beverages notes significant shift in consumption habits
Indian consumers are increasingly showing a preference for low sugar/no added sugar in their choice of carbonated drinks, PepsiCo's Indian bottler said based on data for H1 of calendar year (CY) 2025, adding that 55% of sales volume coming from such products in first half of 2025. 'Every product will slowly start getting into mid-calorie and no-sugar segments. As of now, we have no-sugar 7 Up, Pepsi Black and Gatorade in India,' Ravi Jaipuria , chairman of PepsiCo 's bottling partner Varun Beverages said last year. 'Consumers have accepted this well and we are performing extremely well,' he added. Explore courses from Top Institutes in Please select course: Select a Course Category others MCA MBA Project Management Artificial Intelligence Data Science Finance Design Thinking CXO Data Science Management Others Product Management Healthcare Operations Management PGDM healthcare Leadership Cybersecurity Digital Marketing Degree Public Policy Data Analytics Technology Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details The company reported that in H1 CY2025, the mix of low sugar/no added sugar products was 55% of the consolidated sales volumes. The company sold 386.1 million cases of low sugar/no sugar drinks out of total 702 million cases sold in H1 CY2025. (unit case - 5.678 liters of beverage divided in 24 bottles of ~ 237 ml each) In CY 2024, low-sugar and no-sugar drinks contributed 44.4% to PepsiCo's sales volume, up from 40.2% a year ago, according to previous data from Varun Beverages, a listed entity. Live Events In the second quarter of CY2025, the bottler sold 390 million cases, with carbonated soft drinks accounting for 75% of sales, followed by 7% non-carbonated drinks and 18% packaged drinking water, maintaining the same shares of sales as Q1 CY2025. Varun Bev eyes African expansion amid slow Indian growth Varun Beverages reported a 7.1% decline in Indian sales volume, while International volumes grew by 15.1% ( South Africa growing at 16.1%), partially offsetting the overall decline. To diversify revenue streams, the company's foreign subsidiary started commercial production of snacks product "Cheetos" in Morocco , South Africa this quarter. 'In International markets, Varun Beverages Morocco has commenced commercial production of PepsiCo's snacks product 'Cheetos'. This marks another milestone in strengthening our presence in the high-potential snack category, complementing our beverage portfolio and diversifying our revenue streams,' Chairman Jaipuria said on Tuesday. In the last quarter, the soft drink giant spent Rs. 4,500 million in International territories, including a new soft drink PET bottle production belt in Congo, CAN line in South Africa and snack manufacturing in Morocco. The company is looking to procure more land to expand its South African production facility. 'We are awaiting approval from the Competition Commission of South Africa for land parcel purchase adjoining to our production facility in Boksburg to further enhance capacity & backward integration,' the chairman said. 'We continue to focus on growth opportunities in the South African market. We have enhanced capacity by setting up a can line in Durban, one of our existing production facilities,' he added. Varun Beverages is also aiming to increase its share in Zambia's soft drink market from 90% to 95%. 'Strong currency and our efforts in implementing backward integration last year have resulted in enhanced profitability in all our African territories. We have further strengthened Zambia, DRC and South Africa subsidiary balance sheets and through in-process equity infusion raising our stake in Zambia from 90% to 95%,' Jaipuria said. On BSE, shares of Varun Beverages Ltd. were trading at Rs 521.55 per unit after rising by Rs 9.35 (1.83%) as on 12:56 PM on Wednesday.
News18
2 days ago
- Business
- News18
Varun Beverages Q2 up 5pc to Rs 1,325.4 cr, revenue down 2.32 pc to 7,163 cr
New Delhi, Jul 30 (PTI) Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 5.04 per cent increase in its consolidated net profit to Rs 1,325.4 crore for the second quarter that ended June 2025, helped by operational efficiencies and lower finance cost, though volume was impacted in peak summer season due to unseasonal rains. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 1,261.8 crore in the April-June quarter a year ago, according to a regulatory filing from Varun Beverages Ltd (VBL). However, its revenue from operations declined 2.32 per cent to Rs 7,163.02 crore in the June quarter of FY26. It stood at Rs 7,333.67 crore in the corresponding quarter last fiscal. During June, VBL reported a 3 per cent drop in consolidated sales volume at 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India," the bottler said in its earnings statement. Its India volumes declined by 7.1 per cent, while international volumes grew by 15.1 per cent, partially offsetting the overall decline, it said. In the June quarter, 'net realisation per case at the consolidated level improved by 0.5 per cent, driven by 6.6 per cent improvement in the International markets," said VBL. VBL's profit after tax (PAT) rose 5 per cent, primarily driven by operational efficiencies and lower finance costs, the company said. Total expenses declined 3.62 per cent to Rs 5,506.94 crore in the June quarter. Commenting on the results, Chairman Ravi Jaipuria said, 'In spite of unusually early onset of monsoon rains in the peak summer months in India, we could keep our realisations per case and EBITDA margins intact. Due to growth in international markets supported by strong positive currency movement in African territories, the company ended the quarter with a positive PAT, in spite of 3 per cent decline in consolidated sales volumes." Meanwhile, in a separate filing, VBL said its board has approved a second interim dividend of Rs 0.50 per share, representing 25 per cent of the face value of Rs 2 each. In the June quarter, VBL commissioned new production facilities at Prayagraj (UP), Damtal (HP), Buxar (Bihar) and Mendipathar (Meghalaya). Moreover, during the current quarter, Varun Beverages Morocco SA (a subsidiary of the company) has started commercial production of PepsiCo's snack product 'Cheetos" in Morocco. VBL has franchisees for various PepsiCo products across 27 states and 7 union territories in India, which accounts for 90 per cent of the beverage sales volume of PepsiCo India. Besides, it has also franchises for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe. India is the largest market and contributes around 80 per cent of revenues from operations. Shares of Varun Beverages Ltd on Wednesday were trading at Rs 522.30 on BSE, up 1.97 per cent from the previous close. PTI KRH KRH DR DR view comments First Published: July 30, 2025, 12:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
