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Varun Beverages
BSE: 540180NSE: VBLISIN: INE200M01013

23rd-Sep-2019 09:42Source: BSE

Varun Beverages - General Announcement

Dear Sir/Madam,

Our Company welcomes the recent rationalization of Corporate Tax Rates and believes that this provides an excellent impetus to drive economic growth rates in India. We look forward to the future with excitement and intend to strengthen our growth plans in line with increasing economic activity and demand environment.

With regard to the increase in GST rates for caffeinated drinks, the effect on Varun Beverages is expected to be minimal as the incremental volumes that will come under the higher GST bracket was approximately 0.7 million cases out of 340 million cases of sales volume based upon CY 2018. The corresponding volume of H1 of CY2019 is 0.6 million cases out of 285.8 million cases.

You are requested to take the above on record.

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