⁠Varun Beverages Quarterly Results Schedule Announced — Check Date, Dividend News And More

Varun Beverages Ltd. (VBL), one of the largest bottling partners of PepsiCo globally, is set to announce its financial results for the December 2024 quarter next week. As VBL follows a calendar-year reporting format, this will mark its fourth-quarter earnings release.

VBL has been a franchisee of PepsiCo since the 1990s. Over the past two and a half decades, the company has significantly expanded its partnership by acquiring additional licenced territories, broadening its product portfolio and strengthening its distribution network. Today, it stands as one of PepsiCo’s largest bottlers outside the United States.

VBL manufactures, distributes and sells a range of beverages, including carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), all under PepsiCo’s trademarks.

Its portfolio of CSDs includes popular brands such as Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. The company’s NCB offerings feature Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade, and Aquafina packaged drinking water. Varun Beverages Ltd.’s total market capitalisation is valued at around Rs 1.9 lakh crore. 

Here's everything you need to know about ⁠Varun Beverages Q4 results.

In a stock exchange filing on Feb. 3, Varun Beverages said that its board of directors will meet on Monday, Feb. 10, after which the company will declare its Q4 results.

The board of directors will also consider the recommendation of the final dividend for the period ended Dec. 31, 2024, during the meeting.

"We wish to inform you that a meeting of the Board of Directors of the Company will be held on Monday, February 10, 2025 inter-alia, to consider and approve the Audited Financial Results of the Company, both on Standalone and Consolidated basis, for the Quarter and Financial Year ended December 31, 2024 and to consider the proposal of recommendation of final dividend for the Financial Year ended December 31, 2024, subject to the approval of Equity Shareholders at the ensuing Annual General Meeting of the Company," the company said.

Varun Beverages will host a conference call with Investors and Analysts on Monday, February 10, 2025, at 02:30 p.m. The senior management of the company will be present to address the call.

Varun Beverages will also conduct three earnings conferences with investors from Feb. 12 to Feb. 14. All the calls have been scheduled in Mumbai. The senior management of the company namely Raj Gandhi (Whole Time Director) and Deepak Dabas (Senior Vice President) will address the conferences.

Shares of Varun Beverages Ltd. have fallen nearly 2% over the past five trading sessions on the NSE. In comparison, the stock has fallen 8.72% in a month and slipped nearly 7% in six months. The stock price of Varun Beverages Ltd. has remained flat in a year. 

For the third quarter of the calendar year 2024, ending September, Varun Beverages Ltd. reported a strong performance. The company's revenue rose by 25.25% year-on-year to Rs 4,804.7 crore, surpassing Bloomberg's estimate of Rs 4,711 crore. Ebitda grew by 30.5% YoY reaching Rs 1,151.1 crore, also exceeding the expected Rs 1,053 crore. Ebitda margins improved by 116 basis points to 23.95%, higher than the anticipated 22.4%. Net profit saw a 22.3% increase on a YoY basis, reaching Rs 628.8 crore, compared to the projected Rs 557 crore.