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13-May-2024

Varun Beverages

NP up 25.22%


'For the quarter ending March 2024, consolidated Net sales (including other operating income) of Varun Beverages has increased 10.90% to Rs 4317.31 crore compared to quarter ended March 2023. Operating profit margin has jumped from 20.50% to 22.90%, leading to 23.90% rise in operating profit to Rs 988.77 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 47.59% to 42.01%.   Purchase of finished goods cost rose from 2.95% to 5.12%.   Employee cost increased from 8.22% to 8.57%.   Other expenses rose from 21.91% to 22.79%.   

Other income fell 17.65% to Rs 8.35 crore.  PBIDT rose 23.38% to Rs 997.12 crore.  Provision for interest rose 49.74% to Rs 93.69 crore.  

PBDT rose 21.17% to Rs 903.43 crore.  Provision for depreciation rose 8.90% to Rs 187.52 crore.  

Profit before tax grew 24.85% to Rs 715.91 crore. &nb...



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