Varun Beverages Q3 Results: Net Profit up 36% at Rs196 Crore
Net profit of Pepsi India jumped by 36% at ₹196 crore in the December quarter.
Varun Beverages Q3 Results: Net Profit up 36% at Rs196 Crore
Varun Beverages reported its Q3 earnings on February 10. The net profit of the Pepsi India bottler soared by 36% at ₹196 crore, buoyed by strong volume growth and improved margins. In the corresponding quarter of the previous financial year, the company reported a net profit of ₹144 crore.
Revenue from operations was by 40% to ₹3,818 crore in Q4FY25, compared to ₹2,730 crore in Q4FY24.
The company has declared a dividend of ₹0.5 per equity share.
Shares of Varun Beverages ended at ₹543.10, down 1.91%.
Varun Beverages is looking forward to expanding its presence in several African countries including South Africa, Ghana and Tanzania on account of strong demand. Domestic volumes surged by 11.4% during the quarter.
Ravi Jaipuria, Chairman of Varun Beverages said, “We are pleased to conclude CY2024 on a strong note through adding geographical presence into new territories of South Africa along with distribution rights in Namibia, Botswana, Mozambique and Madagascar. We also started greenfield operations into a new country of Democratic Republic of Congo (DRC). The growth has been driven by organic volume growth and improved product mix. India volumes grew 11.4%, reflecting the strength of our distribution network and operational execution. Consolidated volumes increased by 23.2%, largely led by new territories resulting in consolidated revenues increase by 24.7%, EBITDA growth of 30.5%, and PAT growth of 25.3% for the year.”
"We are progressing well in South Africa as we grew the sales volumes by 12.5% in the very first year of operations. We are consciously reducing our reliance on modern trade channel and enhancing our distribution network in general trade. As an enabler, we have placed more visi-coolers in the SA market in a single year than what was cumulatively placed till date by previous operators. We are working on plans for backward integration in the territory.”
EBITDA surged by 39% to ₹580 crore in the December quarter from ₹418 crore in the year-ago period.
