The company reported a consolidated sales volume growth of 30.1% from the same quarter last year to 312.4 million cases. This was driven by organic volume growth of 15.5% in India, and in-organic volume contributions from South Africa and the Democratic Republic of Congo.
Net realisations per case increased by 1.8% in India and remained flat in the international market, excluding South Africa. On a consolidated basis, net realisation per case fell 0.9% from last year due to lower realsiation in own brands in the South African market.
Varun Beverages reported a net profit growth of 34% from the same quarter last year to ₹726.2 crore, while revenue grew by 29% year-on-year to ₹5,567 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 27.8% on a year-on-year basis to ₹1,264 crore, while margins narrowed by 20 basis points to 22.7%.
Shares of Varun Beverages fell as much as 3% post the results announcement, but recovered from the lows to trade 1.2% lower at ₹523. The stock is down 23% from its 52-week high of ₹681.
