VBL2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member VBL2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares VBL 2019-01-01 2019-12-31 2019-10-24 INR Millions Third quarter Single segment Manufacturing and Distribution of Beverages 2019-07-01 2019-09-30 Unaudited Standalone 13387310000.00 115160000.00 13502470000.00 5397370000.00 520260000.00 -15190000.00 1829390000.00 822660000.00 1038770000.00 2921590000.00 12514850000.00 987620000.00 0.00 987620000.00 -18410000.00 353710000.00 335300000.00 0.00 652320000.00 0.00 0.00 0.00 0.00 652320000.00 -37720000.00 614600000.00 614600000.00 0.00 2886890000.00 10 2.35 2.35 0.00 0.00 2.35 2.35 (Rs. in million, except otherwise stated) nNotes:ttt n n1. These standalone and consolidated unaudited financial results for the quarter and nine months ended on 30 September 2019 have been reviewed by the Audit and Risk Management Committee and approved by the Board of Directors of Varun Beverages Limited (“VBL” or “the Company”) at their respective meetings held on 04 November 2019. The Statutory Auditors have conducted a limited review of these financial results.tttttt n2. These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013 [read with SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016 and other recognised accounting practices and policies].tttttt n3. VBL follows calendar year as its financial year as approved by the Company Law Board, New Delhi.tttttt n4. The business activities of the Company, its subsidiaries and associates (together referred to as the Group ) predominantly fall within a single primary business segment viz. manufacturing and sale of beverages. There is no separate reportable business segment. The Group operates in two principal geographical areas, i.e., in India, its home country, and in other countries. The aforesaid is in line with review of operating results by the chief operating decision maker. The sale of products of the Group is seasonal.ttt nttt n5. During the quarter ended 30 September 2019, pursuant to Qualified institutions placement (QIP), the Company has raised Rs. 8,999.99 through fresh issue of 14,705,882 equity shares of Rs. 10 each at a premium of Rs. 602 per share. The Audit committee and the Board of Directors noted the utilisation of funds raised through such fresh issue of equity shares to be in line with the object of the issue. The entire proceeds of the QIP, net of issue expenses of Rs. 164.36, were utilised for repayment of debts.tttttt n6. During the quarter ended 30 September 2019, the Company on 29 July 2019 allotted 91,327,613 bonus equity shares of Rs. 10 each as fully paid-up bonus equity shares, in the proportion of 1 (One) equity share of Rs. 10/- each for every 2 (Two) existing equity shares of Rs. 10/- each to the eligible members whose names appeared in the register of members/list of beneficial owners as on 27 July 2019, i.e., record date. Accordingly, earnings per share of comparative periods presented has been calculated based on number of shares outstanding in respective periods, as increased for issuance of bonus shares. ttt nttt n7. During the quarter ended 30 September 2019, the Company on 09 September 2019, has acquired 20% shareholding in Lunarmech Technologies Private Limited for a purchase consideration of Rs. 150. Post acquisition, the Company is holding 55% of the effective equity share capital of Lunarmech Technologies Private Limited.ttt n8. Subsequent to quarter ended 30 September 2019, the Company has concluded acquisition of manufacturing facilities situated at Dharwad, Karnataka and Tirunvelveli, Tamil Nadu for a total consideration of Rs. 747.27 and Rs. 200 respectively.ttt nttt n9. The Company is in the process of evaluating the option permitted under section 115BAA of the Income tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019. 2019-01-01 2019-09-30 Unaudited Standalone 47800590000.00 388980000.00 48189570000.00 19527460000.00 3681930000.00 -607680000.00 4522630000.00 2128140000.00 2778800000.00 9027340000.00 41058620000.00 7130950000.00 0.00 7130950000.00 1073120000.00 1029920000.00 2103040000.00 0.00 5027910000.00 0.00 0.00 0.00 0.00 5027910000.00 286270000.00 5314180000.00 5314180000.00 0.00 2886890000.00 10 18.27 18.27 0.00 0.00 18.27 18.27 Other expenses 2921590000.00 Other expenses 9027340000.00