Varun Beverages Q4 2024 Results: Net Profit of Rs. 548 cr, and Revenue stood at Rs. 4406 cr

Tanushree Jaiswal Tanushree Jaiswal 13th May 2024 - 05:45 pm
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Synopsis

Varun Beverages announced its quarterly results for the period ending in March 2024 on 13th May. The company reported a net profit of 547.98 cr for Q1 CY2024. Its revenue for Q1 CY2024 increased by 11.19% on a YOY basis and 60.81% on a quarterly basis, reaching 4406.33 cr. PAT margin stood at 12.44% for Q1 CY2024.

Quarter Result Performance

Varun Beverages’s revenue for Q1 CY2024 increased by 11.19% on a YOY basis, reaching 4406.33 cr from 3962.72 cr in Q1 CY2023. The quarterly growth in revenue of the company increased by 60.81%. It reported a net profit of 547.98 cr for Q1 CY2024 from 438.57 cr in Q1 CY2023, which is an increase of 24.95%. On a quarterly basis, the net profit increased by 281.18%.

Varun Beverages Limited

Revenue

Q1 CY24

 

Q4 CY24

 

Q1 CY23

4,406.33

 

2,740.09

 

3,962.72

% Change

 

 

60.81%

 

11.19%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT

Q1 CY24

 

Q4 CY24

 

Q1 CY23

715.75

 

187.98

 

573.37

% Change

 

 

280.76%

 

24.83%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PBT M BPS(%)

Q1 CY24

 

Q4 CY24

 

Q1 CY23

16.24

 

6.86

 

14.47

% Change

 

 

136.78%

 

12.26%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT (₹ Cr)

Q1 CY24

 

Q4 CY24

 

Q1 CY23

547.98

 

143.76

 

438.57

% Change

 

 

281.18%

 

24.95%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

PAT M BPS (%)

Q1 CY24

 

Q4 CY24

 

Q1 CY23

12.44

 

5.25

 

11.07

% Change

 

 

137.04%

 

12.37%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

EPS

Q1 CY24

 

Q4 CY24

 

Q1 CY23

4.14

 

1.02

 

3.30

% Change

 

 

305.88%

 

25.45%

 

(Current)

 

(Q-o-Q)

 

(Y-o-Y)

The company’s EBITDA witnessed an increase of 23.90% reaching 988.70 cr on a YOY basis. In 2024, Varun Beverages invested 28,000 million for setting up three production units in India in Supa (Maharashtra), Gorakhpur (Uttar Pradesh), and Khordha (Odisha).

Commenting on the company’s result announcement, Ravi Jaipuria, Chairman, Varun Beverages said, “To fulfil our growth commitment in our core market i.e. India, we commenced three new greenfield facilities located in Supa, Maharashtra; Gorakhpur, Uttar Pradesh; and Khordha, Odisha. This expansion is designed to meet the rising demand for beverages in India and support our long-term growth trajectory."

About Varun Beverages Limited

Varun Beverages Ltd is one of the largest franchisees of PepsiCo outside the United States and has its headquarters in Gurgaon. The company operates in a vast segment of the beverage industry, producing and distributing PepsiCo products such as carbonated soft drinks (Pepsi, Mountain Dew, 7 Up, Mirinda), non-carbonated beverages (Tropicana juices, Lipton iced tea) and bottled water (Aquafina).

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