Varun Beverages Share Price

Varun Beverages Ltd, part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants,dairy and healthcare, is the one of the largest franchisee in the world (outside US) of carbonated soft drinks (`CSDs`) and non-carbonated beverages (`NCBs`) sold under trademarks owned by PepsiCo. The company produces and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands produced and sold by the company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Seven-Up Revive, Evervess Soda. PepsiCo NCB brands produced and sold by the company include Tropicana Slice, Tropicana Frutz (Lychee, Apple and Mango), Seven-Up Nimbooz as well as packaged drinking water under the brand Aquafina. In addition, the company has also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka. The company has been associated with PepsiCo since the 1990s and have over two and half decades consolidated our business association with PepsiCo, increasing the number of PepsiCo licensed territories and sub-territories covered by the company, producing and distributing a wider range of PepsiCo beverages, introducing various SKUs in the companies portfolio, and expanding the companies distribution network. As of March 31, 2016, the company have been granted franchises for various PepsiCo products spread across 17 States and two Union Territories in India. The companies share of PepsiCo beverages volume sales ,based on sales to end customers, increased from 26.46% in Fiscal 2011 to 44.12% in Fiscal 2015, computed on basis of the Sales Volume and Euromonitor Report data on PepsiCo sales volumes in India. Although, India is the companies largest market, the company has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Mozambique and Zambia. In addition, the company is in the process of setting up greenfield facility in Zimbabwe in anticipation of franchise rights being granted by PepsiCo Inc. for such territory. As of June 30, 2016, the company is operating 16 production facilities across India and five production facilities in the international licensed territories. In addition, the company has set up backward integration facilities for production of preforms, crowns, corrugated boxes, plastic crates and shrink-wrap films in certain of the companies production facilities to ensure operational efficiencies and quality standards. The companies Promoter and Chairman Mr. Ravi Kant Jaipuria has an established reputation as an entrepreneur and business leader and is the only Indian to receive PepsiCo`s International Bottler of the Year award, which was awarded in 1997.