Varun Beverages(NSE: VBL) plan: Beverage major bottler for PepsiCo Varun Beverages will expand its production capacity for juice and other dairy products with value added by 2024.
Information about this is accessible within the annual reports of the business.
What Did The Company Owner Say?
Furthermore, Varun Beverages Limited (VBL) is enhancing its distribution network and “chilling infrastructure to expand its presence in the under-penetrated and existent markets,
VBL executive chairman and promoter Ravi Jaipuria told shareholders. Is necessary.
“Further advancement of facilities for manufacturing is at the core of our strategy to expand in 2024, with a particular focus on adapting to evolving market trends and preferences of consumers,” he said.
“We’re especially determined to increase our capacity to produce in the value-added dairy and juice products sector.”
The Company Operates In Six Countries
The company is present in six nations. Three markets within the Indian subcontinent, India, Sri Lanka, and Nepal made up 83 percent of its net revenue,
in addition, the three African nations, Morocco, Zambia, and Zimbabwe were responsible for 17 percent by 2023. VBL makes up over 90 percent of the company’s drinks revenues in India.
Share Status
On the last trading day, the value of shares in Varun Beverages was 1422.35. The stock ended the day 0.78 percent lower than it did a day earlier.
The same time the market was shut on Friday because of Mahashivratri. When it comes to shareholding patterns, 63.09 percent stake is in the hands of the promoter.
However, the public shareholding is 36.91 percent. This stock has posted an increase of 15 percent over the year-to-date timeframe. The share may go upto Rs 1500.
The stock has delivered double-digit returns during the period between three and six months. However, it has also given 110 percent returns in one year.
About Varun Beverages Ltd
Varun Beverages Limited (VBL) is an Indian beverage company. The Company is a franchisee for PepsiCo.
The Company manufactures and distributes a variety of soft drinks that contain carbonated (CSDs) and also a wide selection of non-carbonated drinks (NCBs) that include packaged drinking water, which is sold under the trademarks of PepsiCo.
PepsiCo CSD brands that are produced & sold through VBL comprise Pepsi, Diet Pepsi, Mirinda Orange, Seven-Up, Seven-Up Nimbooz Masala Soda, Mirinda Lemon, Mountain Dew, Mountain Dew Ice, Evervess, Sting, Gatorade and Slice Fizzy drinks.
VBL has around 31 manufacturing facilities in India and more than six manufacturing facilities in international regions (two one in Nepal and one located in Sri Lanka, Morocco, Zambia, and Zimbabwe).
Fundamental Analysis of Varun Beverages Ltd
| Market Cap | ₹ 1,84,943 Cr. |
| Current Price | ₹ 1,423 |
| 52-wk High | ₹ 1,562 |
| 52-wk Low | ₹ 633 |
| Stock P/E | 90.0 |
| Book Value | ₹ 53.4 |
| Dividend | 0.09 % |
| ROCE | 27.8 % |
| ROE | 34.2 % |
| Face Value | ₹ 5.00 |
| P/B Value | 26.7 |
| OPM | 22.5 % |
| EPS | ₹ 15.8 |
| Debt | ₹ 5,431 Cr. |
| Debt to Equity | 0.78 |
Varun Beverages Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1400 | ₹ 1500 |
| 2025 | ₹ 1564 | ₹ 1676 |
| 2026 | ₹ 1700 | ₹ 1780 |
| 2027 | ₹ 1800 | ₹ 1965 |
| 2028 | ₹ 2000 | ₹ 2100 |
| 2029 | ₹ 2213 | ₹ 2354 |
| 2030 | ₹ 2400 | ₹ 2500 |
Varun Beverages Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 63.90% |
| Mar 2023 | 63.90% |
| June 2023 | 63.61% |
| Sept 2023 | 63.09% |
| Dec 2023 | 63.09% |
| FII Holding | |
| Dec 2022 | 26.45% |
| Mar 2023 | 26.00% |
| June 2023 | 26.71% |
| Sept 2023 | 27.55% |
| Dec 2023 | 26.58% |
| DII Holding | |
| Dec 2022 | 3.42% |
| Mar 2023 | 3.67% |
| June 2023 | 3.16% |
| Sept 2023 | 3.36% |
| Dec 2023 | 3.58% |
| Public Holding | |
| Dec 2022 | 6.20% |
| Mar 2023 | 6.41% |
| June 2023 | 6.52% |
| Sept 2023 | 6.01% |
| Dec 2023 | 6.74% |
Varun Beverages Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 7,130 Cr |
| 2020 | ₹ 6,450 Cr |
| 2021 | ₹ 8,823 Cr |
| 2022 | ₹ 13,173 Cr |
| 2023 | ₹ 16,043 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 472 Cr |
| 2020 | ₹ 357 Cr |
| 2021 | ₹ 746 Cr |
| 2022 | ₹ 1,550 Cr |
| 2023 | ₹ 2,102 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.85 |
| 2020 | 0.76 |
| 2021 | 0.6 |
| 2022 | 0.72 |
| 2023 | 0.78 |
Last 10 Years’ Profit Growth:
| 10 Years: | 48% |
| 5 Years: | 46% |
| 3 Years: | 75% |
| Current Year: | 34% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 23% |
| 5 Years: | 25% |
| 3 Years: | 30% |
| Last Year: | 34% |
Sales Growth Over 10 Years:
| 10 Years: | 22% |
| 5 Years: | 26% |
| 3 Years: | 35% |
| Current Year: | 22% |
Conclusion
This article is a complete guide about Varun Beverages Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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