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

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%.

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).