Varun Beverages awarded PepsiCo's Best Bottler in AMESA sector of the year 2021

Varun Beverages Limited (BSE: 540180, NSE: VBL), a key player in the beverage industry, today announced that it has received an award from PepsiCo for the 'Best Bottler in Africa, Middle East and South Asia (AMESA) sector' of the year 2021. This award is an annual recognition conferred upon PepsiCo's bottling partner for its quality standards, commitment towards sustainability, support to local community, customer service, and volume performance among other parameters.

Commenting on the development, Mr. Ahmed El Sheikh, President, PepsiCo India BU, said, "We are pleased to name VBL as AMESA Bottler of the year 2021. Varun Beverages' strong business processes, governance, and ability to execute in the marketplace at scale by delivering key price pack initiatives while delivering on its sustainability goals was recognised and rewarded by the AMESA sector."

Mr. Ravi Jaipuria, Non-executive Chairman, Varun Beverages Ltd. said, "We are honored to receive such esteemed recognition from PepsiCo. The award is a testament to VBL's operational expertise, end-to-end execution capabilities, governance practices, and its strong performance track record. We are confident that our initiatives towards improving competencies, strengthening operations, and integrating sustainability will further augment our position in the global beverage industry, going forward."

Mr. Varun Jaipuria, Executive Vice-Chairman, Varun Beverages Ltd. added, "VBL, in the last few years, has undertaken multiple sustainability measures with an aim of having a net positive impact on the planet. We have aggressively focused on PET-recycling and improving energy & water efficiencies. With sustainability as a core principle of our business model, VBL is on a path of delivering Green as well as strong Growth in the future. VBL continues to embark upon several strategic initiatives toward strengthening its business model, driving efficiencies, and ensuring high-quality standards."

Shares of Varun Beverages Limited was last trading in BSE at Rs. 785.75 as compared to the previous close of Rs. 794.30. The total number of shares traded during the day was 42940 in over 2785 trades.

The stock hit an intraday high of Rs. 805.30 and intraday low of 780.45. The net turnover during the day was Rs. 34061827.00.

Source : Equity Bulls

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