The net profit for the said quarter at Rs 195.64 crore is against Rs 143.76 crore reported in the year-ago period.
Varun Beverages’ net revenues, after accounting for the excise duty, also showed a healthy increase of 38.3%, totalling Rs 3,688.79 crore. Meanwhile, the revenue from operations increased by an impressive 39.8% year-over-year, reaching Rs 3,817.61 crore compared to Rs 2,730.98 crore in the same period last year.
The board of Varun Beverages has also approved a final dividend of Rs 0.50 per share in its meeting held on Monday.
EBITDA (earnings before interest, taxes, depreciation, and amortization) grew by 38.7% to Rs 579.97 crore, up from Rs 418.28 crore in Q4FY24.
However, the firm’s total expenses for the quarter amounted to Rs 3,478.60 crore, reflecting a 39.8% YoY increase from Rs 2,489.03 crore in the same quarter of the last fiscal year.Also read:Ola Electric shares slide 6% in 2 days after company’s Q3 loss widens YoY
“We are pleased to conclude CY2024 on a strong note through adding geographical presence into new territories of South Africa along with distribution rights in Namibia, Botswana, Mozambique and Madagascar. We also started greenfield operations in a new country, the Democratic Republic of Congo (DRC). The growth has been driven by organic volume growth and improved product mix,” said Ravi Jaipuria, Chairman of Varun Beverages.
India volumes grew 11.4%, reflecting the strength of our distribution network and operational execution. Consolidated volumes increased by 23.2%, largely led by new territories resulting in a consolidated revenue increase of 24.7%, EBITDA growth of 30.5%, and PAT growth of 25.3% for the year, the company stated in a regulatory filing.
Around 12:15 pm on Monday, the shares of Varun Beverages were trading flat at Rs 552.35 on the BSE.
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