PepsiCo

Varun Beverages September quarter profit up 22%

TFW Bureau Oct 23, 2024 - 2 min read

Varun Beverages Ltd (VBL), PepsiCo’s largest franchise bottler, on Tuesday reported a 22.33% rise in consolidated net profit at Rs 628.82 crore for the September quarter driven by volume growth and improved margins. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 514.05 crore during the ...

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Varun Beverages to raise Rs 7,500 cr to fund expansion plans

TFW Bureau Oct 11, 2024 - 2 min read

The board of the company in a meeting held on Wednesday approved the proposal for “raising of funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore” through QIP, according to a regulatory filing by the company. The fund would be raised in “one or more tranches” and ...

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India to be high-growth market for many years: PepsiCo Chairman and CEO Ramon Laguarta

TFW Bureau Jul 12, 2024 - 3 min read

PepsiCo reported a double-digit increase in beverage volume and convenient foods unit volume in India for Q2 2024, contributing to a 2% overall rise in the AMESA region. Laguarta noted that India's potential remains massive over the next decade, with continuous investments in brands and infrastructure. Despite challenges in other regions, India, alongside other developing ...

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PepsiCo bottler Varun Beverages finalizes purchase of South African bottling company BevCo.

TFW Bureau Mar 28, 2024 - 2 min read

Varun Beverages Ltd, PepsiCo’s largest franchise bottler recently announced that it has completed the acquisition of South Africa-based Beverage Company (BevCo) along with its wholly-owned subsidiaries. The acquisition was done after receipt of requisite approvals from PepsiCo Inc and Competition Commission South Africa and now BevCo has become a subsidiary of the company from March ...

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