Varun Beverages shares rise 5% as net profit rises by 128% in Q1 2021


LAST UPDATED: May 4, 2021, 5:04 p.m.

New Delhi (Anish Yande): Varun Beverages shares rose by 5 percent on May 4. The beverages company shares opened at Rs 1,030 per share on Tuesday’s trading session. Shares of the company rose to an intraday high of Rs 1,054 per share from the previous close of Rs 1,003.85 per share. 

Varun Beverages shares rose to a 52-week high of Rs 1,095.85 on 23 February 2021. At 12:30, Varun Beverages was at Rs 1,016.35 per share, up by  1.26 percent on the BSE. The shares rose by Rs 12.65. 

Varun Beverages March quarter results:

The consolidated net profit of Varun Beverages was posted at Rs 60 crore in the March quarter of 2019-20. The company’s consolidated net profit increased to Rs 136.7 crore in March 2021 quarter. The net profit of Varun Beverages rose 128% on a year-on-year basis.

The total income of Varun Beverages was recorded at Rs 1,724.51 crore in the quarter ended March quarter 2020. The income of the company rose to Rs 2,275.60 crore, at an increase of 31.96 percent as compared to the previous fiscal.

Revenue of Varun Beverages was at Rs 1,699 crore in the March quarter of 2019-20. The revenue of the beverages company rose to Rs 2,270 crore in Q4 FY21, at an increase of 33.6% YoY.

Total expenses of Varun Beverages rise in Q4:

Total expenses of beverages company were posted at Rs 1,650.18 crore in the previous fiscal. The total expenses of Varun Beverages rose to Rs 2,080.91 crore 

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Earnings before interest, tax, depreciation, and amortizations (EBITDA) increased by 40.8% to Rs 381.6 crore in the March 2021 quarter. The EBITDA margin was at 16.8 percent in the same quarter.

Chairman of Varun Beverages, Ravi Jaipuria, stated that the company saw a recovery in the domestic markets in the first Q1 FY21.

The board of directors of Varun Beverages has approved bonus shares in the ratio of 1 equity share of Rs 10 each. The shares were approved for every 2 existing equity shares of Rs 10.

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