VBL Q3 CY 23 Key take aways from con call:-
- 45% capacity expansion over CY 23 before start of season next CY
- The reason for doing better than 12 million FMCG outlets vs 3.5 million VBL outlets is, More room for penetration vs FMCG, FMCG have matured, basic infrastructure has improved in terms of power supply, roads and logistics as a result more and more vizi coolers have been installed, Prices have been reduced to capture Indian market to offer value preposition with volume.
- Sting continues to do exceptionally well, Sting blue is also a very successful launch and doing great.
- A subsidiary in Mozambique has been opened as the International market is opening up really well.
- Dairy business is doing well and will pick up well in the next season.
- July 23 was a washout because of unseasonal rains.
- Capex of around 2500 crs with a asset turnover 1.8 times.
- Dairy and Juice’s margins are similar to CSD, but they will not be significant in the total portfolio.
- Congo is 35-40 million cases capacity
- Many sugar free drinks on the cards to be launched next season
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