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Juiced up

As Varun Beverages’ stock soars, promoters sell shares worth ₹2.52 billion on September 25

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Published 2 years ago on Sep 27, 2019 2 minutes Read
Vishal Koul

At the Q2CY19 investor call, Varun Beverages’ chairman Ravi Jaipuria asserted that his company had taken “several business strengthening” steps over the past 12 months — from setting up a new plant in Pathankot for Tropicana production to the acquiring PepsiCo franchise rights in the South and West in India. “All this has been achieved while maintaining a strong balance sheet position, and significant proportion has been funded through internal accruals,” stated Jaipuria proudly.