The company informed exchanges that the incorporation of the JV follows its earlier disclosure in July, when it first intimated plans under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
The filing added that detailed disclosures were already submitted at the time of the initial announcement.
Shares of VBL closed 2.87% lower at ₹490.75 on the NSE on Thursday.The move comes shortly after VBL reported its June quarter (Q2 CY2025) results. Consolidated sales volumes declined 3% year-on-year to 389.7 million cases, dragged by unseasonal rainfall across India.
Domestic volumes fell 7.1%, though international volumes rose 15.1%, led by 16.1% growth in South Africa.
Despite softer volumes, revenue for the quarter grew 2.5% year-on-year to ₹7,017.4 crore, while net profit rose 5% to ₹1,317 crore, supported by operational efficiencies and lower finance costs.
