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Business Standard

Centre's support to help attain $1 bn exports of alcoholic beverages: CIABC

Support from the Centre and state governments will help the country to achieve USD 1 billion worth of alcoholic beverages exports in the coming years, the Confederation of Indian Alcoholic Beverage Companies (CIABC) said on Wednesday. CIABC Director General Anant S Iyer also said that promoting ease of doing business for the sector is key at both the Central and state government levels. Easy and timely permissions for bottling and branding; transport permits; and promoting online paperwork are some of the areas which need special attention for the growth of the sector. "We need ease of doing business across the operations, besides easy tax structures and market-determined prices to boost the exports. At present, rules for the sector differ from state to state," Iyer said. He said the USD 1 billion target is "ambitious, but possible". In 2023-24, the exports stood at USD 389 million. He added that the industry should give a try for this target as it needs about 14-15 per cent ...

The Economic Times

Centre, state support to help achieve $1 billion exports of alcoholic beverages: CIABC

The Confederation of Indian Alcoholic Beverage Companies (CIABC) aims to achieve USD 1 billion in alcoholic beverage exports with support from the Centre and state governments. Key areas for growth include ease of doing business, tax structures, and market-determined prices. In 2023-24, exports stood at USD 389 million.

Mint

Varun Beverages share are down by -0.45%, Nifty up by 0.23%

Varun Beverages Share Price Today on 18-09-2024: On the last trading day, Varun Beverages opened at ₹647 and closed slightly lower at ₹646.5. The stock reached a high of ₹651.45 during the day and a low of ₹639.05, indicating some volatility in its price movement.

Business Standard

Indian entrepreneur sells private arm of UK-based Tails Trading Group

Tails Trading Group, a UK-based supplier of multi-category consumer packaged goods led by an Indian entrepreneur, has announced the sale of its private labelling arm to a large international investor consortium for GBP 395 million. The group's labelling division has been a key supplier of a wide range of products including food and beverages, personal hygiene items, small domestic appliances and household cleaning products, with its diverse client base made up of large retailers, hotels, airlines and regional importers across North America and Europe. Terming this as a strategic move marking a significant milestone in his company's evolution, Siddharth Shankar, CEO of Tails Trading Group, said in a statement this week: We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management. According to the group statement, the investor consortium is led by energy major NetOil and includes companies from the consumer ..

Mint

Varun Beverages share are up by 2.89%, Nifty up by 0.1%

Varun Beverages Share Price Today : On the last trading day, Varun Beverages opened at ₹624.6 and closed at ₹639.05. The stock reached a high of ₹642.75 and a low of ₹616.25 during the day.

The Economic Times

Varun Beverages shares up 2.72% as Nifty falls

The stock quoted a 52-week high price of Rs 682.84 and low of Rs 331.28.

The Economic Times

Varun Beverages shares fall 3.98% as Nifty gains

A total of 218,868 shares changed hands on the counter till time (IST).

The Economic Times

Varun Beverages stock price up 1.23 per cent as Sensex slides

As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.

Business Standard

FDC Ltd leads gainers in 'A' group

Kaynes Technology India Ltd, Engineers India Ltd, Mrs Bectors Food Specialities Ltd and Varun Beverages Ltd are among the other gainers in the BSE's 'A' group today, 12 September 2024.

Mint

Varun Beverages share are up by 4.54%, Nifty up by 0.32%

Varun Beverages Share Price Today : On the last trading day, Varun Beverages opened at ₹640.15 and closed at ₹656.10. The stock reached a high of ₹665.65 and a low of ₹636.15 during the day.

CNBC TV18

Varun Beverages shares surge over 6% after PepsiCo partner trades ex-split

Varun Beverages has regularly rewarded shareholders with bonus issues, dividends or a split of its equity share.

The Economic Times

Varun Beverages shares rally 6% as stock begins trading on ex-split basis

Varun Beverages Share Price: Varun Beverages shares rose by 6% to an intra-day high of Rs 665.65 on BSE as the stock began trading on an ex-split basis. The record date for the 2:5 stock split was September 12, 2024. The company reported a profit after tax of Rs 1,261.83 crore for Q2 FY24, up by 26% YoY.

The Economic Times

Varun Beverages shares up 5.23% as Nifty gains

A total of 195,336 shares changed hands on the counter till 09:59AM (IST).

Business Standard

Dividend, Bonus Issue: SJVN, Varun Beverages, 22 others go ex-date today

As many as 24 stocks will trade ex-date today for the several corporate actions that these companies have announced, including dividends, bonus issues, or rights issues

Mint

Varun Beverages stock jumps 4% on stock split record date; Should you buy or sell?

In June 2023, Varun Beverages had previously executed a share split, lowering the face value from ₹10 to ₹5. This upcoming split will further decrease the face value of each share.

Mint

Varun Beverages share are up by 4.12%, Nifty up by 0.15%

Varun Beverages Share Price Today : On the last trading day, Varun Beverages opened at ₹1517.95 and closed at ₹1581.6. The stock reached a high of ₹1588.6 and a low of ₹1507. Overall, the day's performance showed a positive trend with a notable increase from the opening to the closing price.

The Economic Times

Varun Beverages 2:5 stock split record date tomorrow; last day to buy for eligibility

Varun Beverages, PepsiCo's bottling partner, has announced a 2:5 stock split effective from September 12, 2024. This means each Rs 5 share will be split into shares worth Rs 2 each. The company reported a 26% YoY increase in profit for Q2 2024 and a 28% rise in revenue.

The Economic Times

Varun Beverages share price down 0.44 per cent

A total of 16,077 shares changed hands on the counter till 11:37AM (IST).

Mint

Varun Beverages share are down by -0.4%, Nifty down by -0.95%

Varun Beverages Share Price Today : On the last trading day, Varun Beverages opened at ₹1514.95 and closed at ₹1499.15. The stock reached a high of ₹1518.35 and a low of ₹1494. Overall, it experienced a decline from its opening price.

The Economic Times

Share price of Varun Beverages jumps as Sensex drops 109.03 points

A total of 27,894 shares changed hands on the counter till 01:59PM (IST)

The Economic Times

India to ship Rs 8,000 cr worth of alcoholic beverages in next few years: APEDA

The Indian government plans to promote Indian alcoholic and non-alcoholic beverages internationally, aiming for $1 billion in exports. Currently ranked 40th in the world for alcoholic beverage exports, India sees huge potential. Major destinations include UAE, Singapore, and Europe. Diageo India will launch 'Godawan' single-malt whisky in the UK.

Business Standard

Govt eyes $1 bn exports of alcoholic beverages in next few years: APEDA

With the global demand for Indian spirits growing at a healthy rate, the government is planning to promote both Indian alcoholic and non-alcoholic beverages in the international markets and is eyeing USD one billion (about Rs 8,000 crore) exports in the next few years. The commerce ministry's arm APEDA (Agricultural & Processed Food Products Export Development Authority) said that India currently ranks 40th in the world for alcoholic beverage exports. As per estimates, the country has huge unrealised export potential. The authority, as part of the 'Make in India' initiative, has been targeting to increase exports of Indian spirits to major foreign destinations. "It is potentially eyeing USD 1 billion in export revenue over the next few years," it said in a statement on Wednesday. The country's alcoholic beverages exports stood at over Rs 2,200 crore in 2023-24. The major destinations include UAE, Singapore, Netherlands, Tanzania, Angola, Kenya and Rwanda. APEDA also said that ...

Mint

Stocks to buy: ICICI Bank, Varun Beverages, SBI, HDFC Bank shares among 9 top largecap stock picks by Axis Securities

Stocks to buy: Axis Securities has recommended nine largecap stocks to buy. These largecap stock picks by the brokerage house are estimated to deliver returns upto 10% - 26%. Check the full list of stocks to buy here:

The Economic Times

Varun Beverages announces record date for 2:5 stock split; shares rise 2%

Varun Beverages Stock Split: Varun Beverages announced that September 12 will be the record date for its 2:5 stock split. Following the announcement, the company's shares rose 2% to a day’s high of Rs 1,533.50. The stock split will adjust the authorized share capital from Rs 1,000 crore divided into 2,000 crore shares of Rs 5 each to 500 crore shares of Rs 2 each.

The Economic Times

Emkay raises Nifty target to 26,000; adds 7 new stocks to model portfolio

Around seven new stocks have been added to the model portfolio and five have been dropped out. The stocks added to the model portfolio include Varun Beverages, ONGC, Larsen & Toubro, Ambuja Cements, HCL Tech, Delhivery, and ITC. The stocks which have been dropped out are Maruti Suzuki, Shree Cement, Wipro, Nestlé, and ICICI Prudential Life.

Mint

In Focus: Varun Beverages announces record date for stock split; find out here

Varun Beverages' shares rose after announcing a 2:5 stock split effective September 12, 2024. The stock has gained 65% in the last year.

CNBC TV18

Varun Beverages Stock Split: PepsiCo bottler announces record date for share division

Varun Beverages has regularly rewarded shareholders with bonus issues, dividends or a split of its equity share.

The Economic Times

Varun Beverages shares rise 0.48% as Nifty gains

The stock quoted a 52-week high price of Rs 1707.1 and a 52-week low of Rs 828.2.

Business Standard

Tata Consumer Products completes merger of three subsidiaries in India

FMCG maker Tata Consumer Products Ltd (TCPL) has merged its three wholly-owned subsidiaries after getting approval from NCLT and other regulatory clearances. TCPL has merged its wholly-owned subsidiaries Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd with the company, according to a statement from Tata Group FMCG arm. "We wish to inform you that the conditions outlined under Clause 17 of the Scheme, including the filing of certified copies of the order with the Registrar of Companies, of the respective companies, in Form INC-28, have been duly completed. Accordingly, in terms of the Scheme, the effective date of the scheme (of merger) is September 1, 2024," the company said in a regulatory filing. This is in line with the company's focus on simplifying and streamlining the business. This consolidation of legal entity structure will unlock efficiencies and synergies, it added. "There is no change in the operating structure for these business units a

The Economic Times

Rising interest from high net worth individuals keep alcobev market in high spirits

India's alcoholic beverages market is gaining traction with mid-sized funding deals due to rising demand for craft beers, artisanal gins, and whiskies. Market drivers include premiumisation and a younger consumer base. Notable deals include Nao Spirits, Woodsmen Mountain Whiskey, and Proost beer, indicating strong growth in the sector.

The Economic Times

Varun Beverages stock price down 2.13 per cent as Sensex climbs

As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.

The Economic Times

Varun Beverages shares drop 0.27% as Sensex rises

On the technical charts, the RSI of the stock stood at 53.77.

Mint

Varun Beverages share price Today Live Updates : Varun Beverages Shares Dip in Today's Trading Session

Varun Beverages Share Price Today Live Updates : Varun Beverages stock price went down today, 27 Aug 2024, by -0.53 %. The stock closed at 1575.45 per share. The stock is currently trading at 1567.15 per share. Investors should monitor Varun Beverages stock price closely in the coming days and weeks to see how it reacts to the news.

Mint

Top Stock Recommendations: Osho Krishan of Angel One recommends buying Nazara Technologies, and Varun Beverages today

Top Stock Recommendations: Osho Krishan, Sr. Analyst, Technical & Derivatives of Angel One, recommends buying - Nazara Technologies Ltd, and Varun Beverages Ltd.

Business Standard

JM Financial PE invests Rs 40 crore in Zoff to boost brand building efforts

JM Financial Private Equity through its arm JM Financial India Growth Fund III on Wednesday invested Rs 40 crore in Asquare Foods and Beverages, the parent company of the direct-to-consumer spice brand Zoff. The fresh capital infusion from JM Financial Private Equity will be used to strengthen brand-building efforts, enhance the existing production capacities, and bolster the company's offline distribution network, the company said statement. "We strongly believe that Zoff can emerge as one of the leading spices brands in the future," Darius Pandole, Managing Director & CEO of Private Equity & Equity AIFs at JM Financial said. Zoff was founded by brothers Akash and Ashish Agrawal. JM Financial Private Equity, part of the JM Financial Group, manages several funds that focus on providing growth capital to high-potential Indian companies. **** Servotech to install 12 EV charging stations in Kerala Servotech Power Systems Ltd on Wednesday said it will install 12 EV charging ...

The Economic Times

What not to drink: 7 beverages that can worsen fatty liver

If you're looking to manage or avoid fatty liver, it's important to be cautious about your drink choices. Here are seven drinks that are generally considered worse for fatty liver:

Business Standard

Kirin-backed Indian brewer B9 Beverages seeks more clout with new factory

B9 Beverages Ltd is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India's biggest beer factory

The Economic Times

This Indian craft beer maker is betting on a $70 million beer factory to take on global brews

B9 Beverages Ltd, supported by Kirin Holdings, aims to surpass global beer brands by building India’s largest beer factory for $70 million. The company is planning a 2026 public listing and partnered with Morgan Stanley for fundraising, focusing on expanding production and enhancing profitability.

The Economic Times

Varun Beverages Ltd to set up units for PepsiCo snacks in Zimbabwe, Zambia

Varun Beverages (VBL), PepsiCo's bottling franchise partner, plans to establish manufacturing units in Zimbabwe and Zambia with an investment of $7 million. The company plans to manufacture, distribute, and sell Simba Munchiez snacks in these territories.

Business Line

Varun Beverages to expand PepsiCo’s snacks franchise into Zimbabwe, Zambia

It said it plans to set up manufacturing units in Zimbabwe and Zambia with an investment of $7 million (around ₹60 crore)