Stock Report

Varun Beverages awarded PepsiCo's International Bottler of the Year 2022

Posted On : 2023-06-01 14:18:19( TIMEZONE : IST )

Varun Beverages awarded PepsiCo's International Bottler of the Year 2022

Varun Beverages Ltd. (BSE: 540180, NSE: VBL), a key player in the beverage industry, today announced that it has been honored with the prestigious title of "PepsiCo's International Bottler of the Year 2022." This remarkable achievement and the esteemed recognition received for the second time, reinforces VBL's unwavering commitment to operational excellence, robust governance practices and sustainability initiatives.

PepsiCo's International Bottler of the Year award is the highest annual honor bestowed upon a bottling partner. This accolade acknowledges VBL's solid all-round market performance and the significant investments made by VBL in enhancing its operations and capabilities. VBL's continuous efforts to improve its manufacturing facilities, supply chain efficiency and distribution networks have contributed to VBL being regarded as a premier global partner for PepsiCo. Furthermore, VBL's commitment to sustainability has been a key factor in receiving this esteemed award. The Company has implemented numerous initiatives to minimize its carbon footprint, reduce water consumption, promote recycling and support local communities.

Commenting on the development, Mr. Ravi Jaipuria, Non-executive Chairman, Varun Beverages Ltd. said, "We are truly honored to be recognized once again as PepsiCo's International Bottler of the Year. This prestigious award serves as a testimony to the dedication and hard work of our entire team. We remain committed to surpassing industry standards and providing consumers with exceptional high-quality products."

Mr. Varun Jaipuria, Executive Vice-Chairman, Varun Beverages Ltd. added, "We are proud to receive this prestigious award, which recognizes our commitment to operational excellence and sustainability. Our focus on continuous improvement and the adoption of innovative practices have allowed us to enhance operational efficiencies while minimizing our environmental footprint. We remain dedicated to pursuing sustainable growth and making a positive impact on the communities in which we operate."

Speaking about the felicitation, Ahmed ElSheikh, President, PepsiCo India said, "The Bottler of the Year Award is a time-honored tradition, that recognizes the best bottler of the year across our international beverage system. The prestigious accolade stands as a testament to VBL's strong and consistent performance in the market enabled by significant supply chain and sustainability investments in addition to the unwavering 'can-do' spirit of the VBL team."

Shares of Varun Beverages Limited was last trading in BSE at Rs. 1646.90 as compared to the previous close of Rs. 1690.65. The total number of shares traded during the day was 20017 in over 2787 trades.

The stock hit an intraday high of Rs. 1695.35 and intraday low of 1640.15. The net turnover during the day was Rs. 33317274.00.

Source : Equity Bulls


VarunBeverages INE200M01013 PepsiCO InterantionalBottleroftheYear2022 Award