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Varun Beverages Q2 profit up 25.4%

Varun Beverages Q2 profit up 25.4%
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Varun Beverages Q2 profit up 25.4%

New Delhi: Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Thursday reported an increase of 25.36 per cent in consolidated net profit at Rs 1,005.42 crore for the quarter ended June, 2023, supported by revenue growth and improvement in margins. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 802.01 crore during the April-June quarter a year ago. Its revenue from operations during the quarter under review stood at Rs 5,699.73 crore, up 13.6 per cent, as against Rs 5,017.57 crore of the corresponding period last fiscal, Varun Beverages Ltd (VBL) said in a regulatory filing. Increase in revenue was "driven by an increase in net realization," VBL said in its earnings statement.

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