Varun Beverages Ltd

Varun Beverages Ltd announced that its subsidiary, The Beverage Company Proprietary Limited (Bevco), and its step-down subsidiary, Twizza Proprietary Limited (Twizza), have approved a merger. Twizza will merge with its holding company, Bevco, subject to South African laws. This merger aims to achieve business operation synergies and optimize operational costs. Twizza's turnover for FY25 was ZAR 1,695 Million, while Bevco's consolidated turnover was ZAR 4,818 Million. The transaction is considered a related party transaction and will be conducted at arm's length. As Twizza is wholly-owned by Bevco, no cash consideration or new shares will be issued; Twizza's share capital will be cancelled.

Varun Beverages Ltd has announced the closure of its trading window for equity shares. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from Wednesday, July 1, 2026, until 48 hours after the declaration of financial results for the quarter and half-year ending June 30, 2026. Insiders are advised against trading in the company's shares during this period. The specific date for the board meeting to approve these financial results will be communicated later. The company follows a financial year from January 1 to December 31.

Varun Beverages Limited (VBL) has entered into a business alliance with Japan-based Asahi Group Holdings, Ltd. to introduce the iconic 'Calpis' brand into the Indian market. This marks Asahi Group's first entry into India's non-alcohol/non-carbonated beverage sector. VBL will manufacture, distribute, and sell ready-to-drink, non-alcohol, non-carbonated dairy-based products under the Calpis brand, starting with Original and Mango flavors in the second half of 2026. Asahi Group will handle product development and technical support, while its local subsidiary will manage marketing and brand management. This strategic partnership leverages VBL's extensive manufacturing and distribution network to tap into India's rapidly growing non-alcohol beverage market.

Varun Beverages Ltd (VBL) and PepsiCo Inc. have revised their exclusive bottling agreement (EBA) for India, extending the term to April 30, 2049, revised from the earlier term of April 30, 2039. The revised EBA removes the restriction that previously limited VBL to acting solely as an SPV for PepsiCo's business. The agreement was finalized on May 21, 2026.

The Board of Directors of Varun Beverages Ltd approved an interim dividend of ₹0.50 per equity share for the financial year 2026. The record date for determining entitlement is set as Friday, May 1, 2026, and the dividend will be paid on or after Tuesday, May 5, 2026. The decision was made during a board meeting held today, which commenced at 11:00 A.M. and concluded at 11:55 A.M., where the unaudited financial results for the quarter ended March 31, 2026, were also approved.

Varun Beverages Ltd's board approved an interim dividend of ₹0.50 per equity share for the financial year 2026. The record date for determining shareholder entitlement is set for May 1, 2026, and the dividend will be paid starting May 5, 2026. The decision was made during a board meeting held today, where the unaudited financial results for the quarter ended March 31, 2026, were also approved.

Varun Beverages Ltd (VBL) reported a strong Q1 CY2026 performance with revenue from operations increasing by 18.1% YoY to ₹65,741.9 million. Consolidated sales volume grew by 16.3% to 363.4 million cases. EBITDA increased by 21.0% to ₹15,289.3 million, with margins improving by 55 bps to 23.3%. PAT increased by 20.1% to ₹8,787.1 million. The company's India business saw EBITDA margin improvements of 112 bps due to operational efficiencies. VBL acquired Twizza in South Africa, expanding its manufacturing footprint. An interim dividend of ₹0.50 per share was approved.

Varun Beverages Ltd's board approved the unaudited financial results for the quarter ended March 31, 2026, and declared an interim dividend of ₹0.50 per equity share. The record date for the dividend is set for May 1, 2026, with payment commencing on May 5, 2026. The company follows a financial year from January 1 to December 31.

Varun Beverages Ltd's board approved the unaudited financial results for the quarter ended March 31, 2026, and declared an interim dividend of ₹0.50 per equity share. The record date for the dividend is set for May 1, 2026, with payment commencing on May 5, 2026. The company follows a financial year from January 1 to December 31.

Varun Beverages Ltd has issued a corporate guarantee of ZAR 770 million (valid up to April 21, 2029) on behalf of its subsidiary, The Beverage Company Proprietary Limited (Bevco), in favor of JPMorgan Chase Bank, N.A. The guarantee secures a credit facility extended to Bevco. The promoter group has no interest in this transaction, and it is conducted at arm's length. Varun Beverages states that the corporate guarantee has no impact on the listed entity.