Varun Beverages joins m-cap Rs 1 trillion league; stocks doubled in a year – World News Network

Date:

Share post:

New Delhi [India], May 11 (ANI): The market capitalisation (m-cap) of Varun Beverages (VBL) has crossed the Rs one trillion mark with the latest bull run in its stock prices.
In 2023, its stocks accumulated about 20 per cent returns on a cumulative basis, hitting highs. Data showed that they rose by 125 per cent in the past year.
At the time of writing this report, the company’s m-cap was at Rs 10.02 trillion (Rs 102,529 crore). The shares were trading at Rs 1,580.
Varun Beverages produce and distribute a wide range of carbonated soft drinks and a large selection of non-carbonated soft drinks, including packaged drinking water.
Brands sold by the beverage firm include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke’s Soda and Sting.
Its share of PepsiCo beverages volume sales increased from 26 per cent in fiscal 2011 to over 80 per cent. Although India is its largest market, it has a franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Zambia and Zimbabwe.
Varun Beverages has 30 manufacturing plants in India. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Japan’s Nikkei 225 surges to historic high, breaches 40,000 mark for first time in 34 years – World News Network

This achievement marks the first time in 34 years that the Nikkei has reached such heights, reflecting the resounding strength of Japan's economy and investor confidence amidst global uncertainties.

Stock market opens flat, turns negative as Sensex-Nifty dip; Asian markets rally despite Indian indices’ lower trajectory – World News Network

At the opening bell, the Sensex was marginally down by 35.75 points, standing at 73,774.81, while the Nifty saw a slight decline of 2.20 points, reaching 22,376.20.

GoLearn Unveils Online Upskilling Courses in BFSI for Academic Achievers in Small Towns of India – World News Network

Mumbai (Maharashtra) [India], March 4: GoLearn, an innovative online education initiative, has announced its commitment to empowering academic achievers from smaller towns with vital upskilling opportunities in the rapidly expanding Banking, Financial Services, and Insurance (BFSI) sector. As this sector is set to reach a valuation of USD 1.8 trillion by 2025, GoLearn's specially designed online courses aim to bridge the access gap to high-quality education, enabling talented individuals who would otherwise have to relocate to cities for advanced training. This mission is particularly critical as the BFSI sector, boasting a projected Compound Annual Growth Rate (CAGR) of 8.6%, stretches its influence beyond the metropolitan peripheries into the rural and semi-urban heartlands.

Vicky-Katrina, Saif-Kareena, other celebs leave from Jamnagar after Anant-Radhika’s pre-wedding festivities – World News Network

The three-day-long pre-wedding festivities of Anant Ambani and Radhika Merchant have finally come to an end. Bollywood celebrities, sports personalities, and other guests had a gala time at the event in Jamnagar, Gujarat, and now its time to get back to work.

Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More