Varun Beverages adds fizz
By Ruma Dubey
about 2 months ago
Varun Beverages is in the limelight today post its better-than-expected earnings for Q3FY23. Enthused by the numbers, the stock price climbed up almost 6.5% to Rs.1298.65. Its 52-week high is at Rs.1432.05.
The company, on the back of higher prices and increased demand, it posted a whopping 150% (YoY) jump in PAT at Rs.81.50 crore and this was on a 28% rise in revenue from operations at Rs.2214 crore. A jump in other income and lower tax outgo aided the bottmline.
EBITDA was up 48% at Rs.308 crore and margin was up from 12% to 13.9%.
The company has been making and bottling Pepsi Co’s beverages for the last 30 years.