BeveragesVarun

Varun Beverages gains after consolidated net profit jumps 83% YoY, volume surges 11.52 times – Moneycontrol.com

varun-beverages-gains-after-consolidated-net-profit-jumps-83%-yoy,-volume-surges-1152-times-–-moneycontrol.com

Final Up to date : Nov 04, 2019 01:08 PM IST | Supply: Moneycontrol.com

Consolidated EBITDA grew 54.2 p.c at Rs 325.6 crore in opposition to Rs 211.2 crore YoY whereas consolidated EBITDA margin stood at 18.three p.c in opposition to 17.5 p.c YoY.

Consultant Picture

Shares of Varun Drinks gained over a p.c intraday on Monday after the corporate’s consolidated web revenue jumped 83.7 p.c at Rs 81.1 crore in opposition to Rs 44.1 crore YoY.

Tax expense stood at Rs 34.5 crore in opposition to Rs 21.2 crore YoY whereas consolidated income went up 47.5 p.c at Rs 1,777 crore in opposition to Rs 1,204.5 crore YoY.

Consolidated EBITDA grew 54.2 p.c at Rs 325.6 crore in opposition to Rs 211.2 crore YoY whereas consolidated EBITDA margin stood at 18.three p.c in opposition to 17.5 p.c YoY.

Natural quantity development stood at 20 p.c with India enterprise at 17.5 p.c and worldwide enterprise at 27 p.c. Morocco, Zimbabwe, Nepal and Sri Lanka noticed double-digit development whereas packaged ingesting water constituted 25 p.c of gross sales in Q3 CY19 in opposition to 19 p.c in Q3 CY18.

The inventory witnessed spurt in quantity by greater than 11.52 instances.

At 1257 hrs, Varun Drinks was quoting at Rs 627.55, up Rs 7.00, or 1.13 p.c. It has touched an intraday excessive of Rs 637.00 and an intraday low of Rs 621.30.Particular Thursday Expiry on 10th 7th Nov

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First Printed on Nov 4, 2019 01:08 pm

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