Varun Beverages Limited (VBL) — FY25 Annual Report | 11 March 2025(2 announcements)

Varun Beverages Limited (VBL) reported a 24.7% revenue increase to ₹200,076.5 million and 25.3% PAT growth to ₹26,342.8 million for FY2024, driven by volume expansion and margin improvements. The company declared an interim dividend of ₹1.25 per share and recommended a final dividend of ₹0.50 per share, totaling ₹3,315.06 million in payouts. It completed a ₹75,000 million QIP to repay debt and fund acquisitions, including the ₹154.5 million Tanzania and ₹15.06 million Ghana PepsiCo businesses, while expanding African operations and launching greenfield plants in India. Sustainability initiatives included 88% PET recycling, 16% renewable energy use, and net-zero target by 2050, supported by CDP A List recognition. Governance disclosures highlighted board diversity, anti-corruption compliance, and ESG-linked executive incentives.

Varun Beverages Limited (VBL) reported a 24.7% revenue increase to ₹200,076.5 million and 25.3% PAT growth to ₹26,342.8 million for FY2024, driven by volume expansion and margin improvements. The company declared an interim dividend of ₹1.25 per share and recommended a final dividend of ₹0.50 per share, totaling ₹3,315.06 million. Key growth initiatives include commissioning three new greenfield plants in India, acquiring PepsiCo's businesses in Tanzania and Ghana (subject to approvals), and expanding into African markets via BevCo. Sustainability efforts include 88% PET recycling, 16% renewable energy usage, and a net-zero target by 2050. The Board approved a 1:2.5 stock split (face value reduced from ₹5 to ₹2) and raised ₹75,000 million via QIP to repay debt and fund acquisitions.