Varun Beverages Pvt. Ltd., a wholly-owned subsidiary of Varun Beverages India, has recorded a turnover exceeding Rs. 5 arba 78 crore 20 lakh in the first eight and a half months of the fiscal year 2078/79. The company produces and sells popular carbonated non-alcoholic beverages such as Pepsi, Mountain Dew, Mirinda, Seven-Up, and Aquafina in Nepal.
Over the past few years, Varun Beverages has maintained strong sales growth. The company’s turnover stood at Rs. 6 arba 54 crore 20 lakh in FY 2077/78, Rs. 8 arba 2 crore 40 lakh in FY 2078/79, Rs. 7 arba 62 crore 70 lakh in FY 2079/80, and Rs. 7 arba 74 crore 70 lakh in FY 2080/81.
Meanwhile, Varun Beverages secured a bank loan of Rs. 3 arba 47 crore 30 lakh to manage its financial obligations. Credit rating agency ICRA Nepal has reaffirmed the company’s ‘A1+’ rating, indicating minimal credit risk and the ability to meet financial liabilities on time. ICRA Nepal based this rating on Varun Beverages’ improved operational status, strong financial profile, growing market share in the domestic carbonated soft drinks industry, low debt reliance, and stable profit and cash flows.
The company expanded its market share from 39% last year to approximately 46% in the first nine months of the current fiscal year. Other financial indicators also reflect a positive outlook.
However, the company reported that fluctuations in raw material prices, including sugar and concentrate, have impacted profits. Additionally, inconsistent customs policies, seasonal production challenges, and changing consumer preferences have negatively affected business performance.
Varun Beverages operates production facilities in Kathmandu and Nawalparasi, supplying popular beverage brands such as Pepsi, Mountain Dew, Slice, Mirinda, Seven-Up, Aquafina, Soda, and Sting to the Nepalese market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
