Q3 Results

Eureka Forbes profit up 52.5% to Rs 35 cr

New Delhi: Eureka Forbes Ltd, a health and hygiene products maker, on Monday reported a 52.5 per cent increase in its consolidated net profit to Rs35.03 crore in the December quarter.It had a net profit of Rs22.97 crore in the October-December quarter a year ago, according to a regulatory filing by the company now controlled by private equity firm Advent International. Its revenue from operation grew 10.8 per cent to Rs597.74 crore during the quarter under review. The same stood at Rs539.43 crore in the corresponding quarter of FY24. Eureka Forbes’ total expenses climbed 8.4 per cent to Rs554.86 crore in the December quarter. Total income rose 11 per cent during the quarter under review to Rs602.17 crore. Shares of Eureka Forbes Ltd were trading at Rs548.40 apiece on BSE in the afternoon, up 0.33 per cent from the previous close.

Varun Beverages profit up 36% to Rs 196 cr

New Delhi: Varun Beverages Ltd, PepsiCo’s largest franchise bottler, on Monday reported 36 per cent rise in consolidated net profit at Rs195.64 crore for December quarter 2024 driven by volume growth and improved margins. The company, which follows the calendar year as its financial year, had posted a net profit of Rs143.76 crore during October-December period a year ago, according to a regulatory filing from VBL. Revenue from operations was higher at Rs3,817.61 crore during the fourth quarter as against Rs2,730.98 crore in the corresponding period last fiscal. The “EBITDA increased by 38.7 per cent to Rs579.97 crore from Rs418.29 crore,” it said in an earning statement. Total expenses were at Rs3,607.43 crore as against Rs3,862.25 crore earlier. For the full year 2024, consolidated net profit was up 25.3 per cent to Rs2,634.28 crore.