Varun beverages ltd - Latest News Update, Information, Photos & Videos on Varun beverages ltd at Lokmat Times

Varun Beverages Ltd (VBL), a key player in the beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Tuesday its consolidated profit after tax moved up by 50 per cent to Rs 60 crore for the January to March quarter on the back of robust volume growth across domestic and international markets.The company, which follows calendar year as its financial year, had posted a net profit of Rs 40 crore in January to March last year.Revenue from operations grew 23.3 per cent year-on-year to Rs 1,676 crore as compared to Rs 1,359 crore while total sales volumes were up 26.2 per cent at 11.4 crore unit cases in Q1 2020 as compared to 9 crore unit cases in Q1 2019.The earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 24.2 per cent to Rs 271 crore in Q1 2020 from Rs 218 crore in Q1 2019."We started the new fiscal year on a strong note with healthy demand and robust volume growth across our domestic and international markets. This enabled us to deliver a topline growth of 23.3 per cent, EBITDA growth of 24.2 per cent, and PAT growth of 50 per cent during the quarter," said Chairman Ravi Jaipuria.In the last 10 days of March, a country-wide lockdown and similar restrictions in many other countries moderated the company's performance for the period which would have otherwise been even better, he said in a statement.On the outlook, Varun Beverages said though the demand in domestic and international markets is curtailed, it is expected to get normal in the near term."While we are currently witnessing curtailed demand both in India and in our international geographies as a result of the ongoing macro-situation, we believe that in the near-term there should be a gradual bounce back in volumes," said Jaipuria."This will be enabled by easing of lockdown restrictions and restoration of consumer sentiment as they will once again have normal access to beverage purchases," he said.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Varun Beverages Ltd, NewsFOLLOW

Varun beverages ltd, Latest News

Business :Here's why Varun Beverages Ltd (VBL) shares jumped 17% to hit all-time high today

Varun Beverages Ltd (VBL), PepsiCo's leading global franchise bottler, witnessed a significant surge in its share price, rising over ... ...

International :PepsiCo to set up 4 plants in UP

Lucknow, Sep 23 The Uttar Pradesh government, through its investment promotion agency Invest UP, has been successful in ... ...

Business :Varun Beverages PAT jumps to Rs 319 crore as lockdowns ease

Varun Beverages Ltd (VBL), a key player in beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Monday its profit after tax increased by 123 per cent to Rs 319 crore in the April to June quarter from Rs 143 crore in the s ...

Business :Varun Beverages Q1 PAT up at Rs 137 crore

Varun Beverages Ltd (VBL), a key player in beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Monday its profit after tax increased by 127 per cent to Rs 137 crore in Q1 FY21 from Rs 60 crore in Q1 FY20. ...

Business :VBL shrinks Q4 loss to Rs 7 crore from Rs 54 crore y-o-y

Varun Beverages Ltd (VBL), a key player in the beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Tuesday its losses reduced significantly to Rs 7.24 crore during October to December. ...

Business :Varun Beverages reports 50 pc hike in Q1 profit to Rs 60 crore

Varun Beverages Ltd (VBL), a key player in the beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Tuesday its consolidated profit after tax moved up by 50 per cent to Rs 60 crore for the January to March quarter on the ...