Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Varun Beverages Limited
  6. News
  7. Summary
    540180   INE200M01013

VARUN BEVERAGES LIMITED

(540180)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Varun Beverages : Invests Us$12m in New Water Line

10/07/2021 | 09:06am EST

VARUN Beverages Zimbabwe, a franchise of PepsCo, yesterday commissioned a US$12 million packaged drinking water line with a production capacity of 15 million bottles per month.

Mr Ravi Japuria, chairman of Varun Beverages, at the official launch of the plant by President Mnangagwa, said the new line is part of the third phase of investment which will bring total production capacity to 66 million bottles of sparkling beverages, cans and bottled water per month.

"We are happy to announce the 3rd phase of investment by launching the packaged drinking water Aquaclear production line with an additional capacity of 15 million units of bottled water in a month," he said.

Varun Beverages Zimbabwe officially commissioned its first plant in Zimbabwe in February 2018 with the line having an initial capacity to produce 15 million bottles a month.

By 2019, the company had added two more production lines, enhancing the capacity to 51 million bottles per month of carbonated beverage, and as part of the second phase of its expansion initiative, added 3 Husky production lines to produce 510 million pieces of preforms a year from virgin resin as backward integration.

Mr Japuria said the new line lays the foundation stone of fourth phase of Varun Beverages investment in the plastic closure plant with an annual capacity of 500 million pieces.

"In addition to the above closure project, a new carbonated beverage production line will be installed with an additional capacity of 18 million bottles per month which will be in operation by May 2022.

"This new additional capacity will boost up the total production capacity of the plant to produce one billion bottles a year," he said.

Mr Japuria said with the new expansion, the company will increase export of beverages, preforms and plastic closures to Zambia, DRC, Botswana, Malawi and other neighbouring countries which will bring in sizeable foreign exchange into Zimbabwe.

"We promised that no external or internal factors will ever be able to derail us from the path of responsible enviro-socio-economic business practices," he said.

He added that with the future revenue and profits generated from the sale of existing range of products, the company is looking at new avenues of fresh investment in FMCG products like juices and dairy.

"Through our parent company RJcorp, we are exploring other highly diversified fields like education, healthcare and hospitality," Mr Japuria said.

He indicated that the company will strive to identify new and better ways of doing business so that processes become more efficient and productive to the local market it operates within.

"The last three and half years' journey in Zimbabwe has been excellent with our go to market system, affordable price and continuous supply enabled delivery of Pepsi products at the doorstep of retailers in nervy small villages and large cities in Zimbabwe," he said.

He added that Varun Beverages had invested a large sum of money in the retail market by deploying free electronic coolers, plastic ice chests and branded push carts.

Mr Japuria said the company has direct employment of over 2 000 local Zimbabweans, and up to 3 500 people in indirect employment.

Speaking at the same event, Mr Vijay Khanduja, the Indian Ambassador to Zimbabwe, said the Varun Beverages investment stems out of strong bilateral relationship between Zimbabwe and India.

He said Indian investments in Zimbabwe currently amount to over US$500 million in different sectors of the economy.

Copyright The Herald. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

All news about VARUN BEVERAGES LIMITED
10/29Varun Beverages' Board Approves Plan to Build Plant in Bihar, India
MT
10/29Varun Beverages Limited Announces to Set Up New Plants
CI
10/29Varun Beverages Limited Reports Earnings Results for the Third Quarter and Nine Months ..
CI
10/12VARUN BEVERAGES : Billionaire Extols Local Investment Climate
AQ
10/07VARUN BEVERAGES : Invests Us$12m in New Water Line
AQ
10/07VARUN BEVERAGES : Growing Confidence Lures Firms
AQ
10/07VARUN BEVERAGES : New Bottling Plant Commissioned
AQ
08/02VARUN BEVERAGES' : Consolidated Profit More Than Doubles in Q2
MT
08/02VARUN BEVERAGES : Appoints New CFO
MT
08/02Varun Beverages Limited Announces Executive Changes
CI
More news
Financials
Sales 2021 85 974 M 1 143 M 1 143 M
Net income 2021 7 027 M 93,4 M 93,4 M
Net Debt 2021 20 722 M 275 M 275 M
P/E ratio 2021 54,1x
Yield 2021 0,33%
Capitalization 381 B 5 057 M 5 058 M
EV / Sales 2021 4,67x
EV / Sales 2022 3,85x
Nbr of Employees 10 000
Free-Float 33,0%
Chart VARUN BEVERAGES LIMITED
Duration : Period :
Varun Beverages Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VARUN BEVERAGES LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Last Close Price 878,75 INR
Average target price 1 056,64 INR
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Kapil Agarwal Chief Executive Officer & Executive Director
Rajesh Chawla Chief Financial Officer
Ravi Kant Jaipuria Chairman
Sudin Kumar Gaunker Chief Operating Officer
Ravi Batra Secretary, Chief Risk & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
VARUN BEVERAGES LIMITED43.99%5 057
THE COCA-COLA COMPANY-4.63%231 262
KEURIG DR PEPPER INC.4.88%48 877
COCA-COLA HBC AG-0.72%11 417
SUNTORY BEVERAGE & FOOD LIMITED12.47%11 218
ARCA CONTINENTAL, S.A.B. DE C.V.36.42%10 716