Varun Beverages Q4 Profit Up 25%, Revenue Grows 11%, But Stock Dips
Varun Beverages, PepsiCo’s India bottler, reported a strong Q4 with a 25% profit increase and 11% revenue growth. However, despite positive results, the company’s stock price dipped by 2.08%.
CONTENTS:
Varun Bev Down 2.08%
Following the release of its March quarter results, Varun Beverages Company’s stock was trading at Rs 1432, down by 2.08 percent, as of 2:30 PM.
Varun Beverages Up 25% Profit
On Monday, Varun Beverages, the franchise partner of PepsiCo, the global leader in carbonated soft drinks, announced its March quarter results for the financial year 2024. The company reported a 25 percent year-on-year increase in net profit, reaching Rs 548 crore for the March quarter. In the same quarter of the previous financial year, the company’s consolidated net profit was Rs 439 crore.
Varun Bev Up 11.2% Revenue
In the March quarter of FY2024, Varun Bev Company saw an 11.2 percent year-on-year rise in revenue from operations, reaching Rs 4398 crore, compared to Rs 3952 crore in the March quarter of FY23.
Varun Bev Up 24% EBITDA
During the March quarter, Varun Beverages Company witnessed a 24 percent year-on-year increase in EBITDA, reaching Rs 989 crore. Additionally, in the first quarter of the calendar year 2024, the company’s EBITDA margin expanded by 240 basis points to 22.9%, while the gross margin surged by 385 basis points to 56.3%.
In terms of sales performance, the company experienced a 7.2 percent increase in sales volume, reaching Rs 24 crore in the first quarter of the calendar year 2024, compared to Rs 22.41 crore in the same period of 2023. Furthermore, the net realization per case rose by 3.5% in the first quarter of the calendar year 2024.
Varun Beverages Company’s stock was trading at Rs 1432, down by 2.08 percent, as of 1:23 PM. Varun Beverages operates in the FMCG sector.
Check out TimesWordle.com for all the latest news
You must be logged in to post a comment.