Q1-FY24 · Ravi Jaipuria
We have additionally fueled three growth engines, which will gradually and consistently contribute to revenue and profitability growth in the company.
VBL / language trends
Read confidence between the lines.
Varun Beverages · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q1-FY24 · Raj Gandhi
Our effort is to amortize the money which we have borrowed. The CapEx is done. Now we are going to the next phase.
Q1-FY24 · Raj Gandhi
South Africa is a huge market. Per capita is one of the highest, anything between 170-180 or 200, and matured... PepsiCo is very, very meager. If you see in the industry, the share of Pepsi is as low as 1.8%.
Q1-FY25 · Ravi Jaipuria
We have immense headroom for growth in India's beverage market, supported by rising per capita incomes, accelerating urbanization, expanding electrification, and improving cold chain infrastructure.
Q1-FY25 · Ravi Jaipuria
Our Pepsi brand sales are going up from 15%. It's close to 20% now. All the products are growing. Even our homegrown brands are growing, and PepsiCo is growing faster.
Q1-FY25 · Raj Gandhi
We have given the guidance of INR 3,100 crore for this year, and we are on track. Maybe INR 900 crore out of which is yet to be spent.
Q1-FY26 · Ravi Jaipuria
We might be the only company which is holding six months inventory. I think other people will blink before I blink.
Q1-FY26 · Ravi Jaipuria
I am very bullish on the Indian market, and I believe this should continue in double digits for the next five, 10 years at least.
Q1-FY26 · Ravi Jaipuria
Our dairy is growing at 60%-70%. Our Nimbooz is growing at 50%-60%. Our Tropicana PET is growing at, I think, more than 100%.
Q2-FY24 · Ravi Jaipuria
Soft drink is food in Africa, which is very... It's not a luxury, it's a food. Every individual has a soft drink in the afternoon.
Q2-FY24 · Ravi Jaipuria
We are one of the lucky ones who have got it initially.
Q2-FY24 · Raj Gandhi
The other side, we should not, forget, I mean, at so cheap for such a country with five working plants, getting it for INR 1,200 crore, it was a steal.
Q2-FY25 · Ravi Jaipuria
We have always predicted margins at 21%. We have never gone beyond that. We have been showing better results. That is a separate issue.
Q2-FY25 · Ravi Jaipuria
The real answer would depend on the rain gods, which is very difficult to predict.
Q2-FY25 · Ravi Jaipuria
We are looking for new acquisitions, and we are very actively looking at it.
Q3-FY24 · Ravi Jaipuria
The India growth story is so large that I think there is enough room for everyone to grow.
Q3-FY24 · Ravi Jaipuria
We are adding close to 300,000-400,000 outlets every year. We are expanding our go-to market, which is the main game in the soft drink industry.
Q3-FY24 · Ravi Jaipuria
We want to have a war chest available with us so that when the opportunity is available, we don't have to go back.
Q3-FY25 · Ravi Jaipuria
If we see that our market share is being taken drastically, we will come to the party.
Q3-FY25 · Ravi Jaipuria
We are over-prepared, actually. Capacity-wise, we have expanded in the last two years. Even if we grow 50%, we have enough capacities to fulfill that.
Q3-FY25 · Ravi Jaipuria
We are going to test the market. Hopefully, as soon as we see the tests coming right, we'll go forward with it.
Q4-FY24 · Ravi Jaipuria
We are only going to about 4 million outlets out of the 12 million FMCG outlets. Our business is to be how we can grow this market and ultimately reach to that 8-10 million outlets going forward.
Q4-FY24 · Ravi Jaipuria
South Africa margins are lower. But once we go into backward integration, which will take us a year, our margins will significantly improve.
Q4-FY24 · Ravi Jaipuria
We have always guided we cannot take growth based on one quarter. Sometimes it's colder, sometimes it's rainier. But we have always said that our annual growth would be in double digits.
Q4-FY25 · Ravi Jaipuria
We would like to maintain that, but you can pray to the weather gods, and hopefully we'll do better.
Q4-FY25 · Ravi Jaipuria
Our guidance has always been 22%-23%, it's never been higher than that. And I still hope we can, with the volumes coming this year, we should be able to maintain margins somewhere close to this.
Q4-FY25 · Varun Jaipuria
The INR 10 portfolio, we have launched it in some places, which is West Bengal and Northeast, so we'll be very, very surgical with it. We're not planning to make it a pan-India launch.
Q4-FY26 · Ravi Jaipuria
We are fully prepared and we have enough capacity that even if we get a 50% growth we can comfortably do it without adding any capacity.
Q4-FY26 · Ravi Jaipuria
We might be the only company which is holding 6 months inventory. So I think other people will blink before I blink.
Q4-FY26 · Ravi Jaipuria
If the weather remains like this, there's no reason why we shouldn't do extremely well.