Fy25 Q1 results are out
Net profit at up 25.5% ₹1252.6 cr vs ₹994 cr (YoY)
Revenue up 28.3% at ₹7,197 cr vs ₹5,611 cr (YoY)
EBITDA up 31.8% at ₹1,991 cr vs ₹1,511 cr (YoY)
Margin at 27.7% vs 27% (YoY)
Cons. sales volume growth 28.1% YoY / India 22.9%
Stock split announced: 5Rs FV will split to 2Rs FV
Interim dividend of 25% of the face value, i.e., Rs. 1.25 per share
Ravi Jaipuria, Chairman, Varun Beverages Limited said,
“We are pleased to report robust performance for the second quarter of CY2024, achieving a consolidated sales volume growth of 28.1%, which includes volumes from BevCo. The impressive volume growth of 22.9% in India primarily contributed to this outstanding performance, supported by our expanded capacities, enhanced distribution network, and a strong summer season. Meanwhile, our international markets remained relatively flat, moreover it was a seasonally weak quarter for African market. We are excited to announce further expansion in our partnership with PepsiCo, having entered into an Exclusive Snacks Franchising Appointment to manufacture, distribute, and sell “Simba Munchiez” in Zimbabwe by October 2025 and in Zambia by April 2026. This follows our recent announcement to manufacture and package Cheetos in Morocco by May 2025.
With strong performance in a key quarter, we are on track to deliver healthy double-digit growth in this
calendar year.
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