Marathi | HIndi

Epaper
Follow us:
Home > Business > Varun Beverages Q1 PAT up at Rs 137 crore
Varun Beverages Q1 PAT up at Rs 137 crore English.Lokmat.com

Varun Beverages Q1 PAT up at Rs 137 crore

Varun Beverages Ltd (VBL), a key player in beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Monday its profit after tax increased by 127 per cent to Rs 137 crore in Q1 FY21 from Rs 60 crore in Q1 FY20.
Varun Beverages Q1 PAT up at Rs 137 crore

Varun Beverages Ltd (VBL), a key player in beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Monday its profit after tax increased by 127 per cent to Rs 137 crore in Q1 FY21 from Rs 60 crore in Q1 FY20.

The growth was driven by higher revenues, improvement in margins and higher profitability from international operations. In addition, repayment of debt as well as lower average cost of borrowing resulted in reduced finance cost.

The company, which follows calendar year as its financial year, reported growth in revenue from operations (net of excise/GST) by 33.7 per cent year-on-year to Rs 2,241 crore.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 40.7 per cent to Rs 382 crore from Rs 271 crore.

Total sales volumes were up 32.8 per cent at 151 million unit cases in Q1 2021 as compared to 114 million unit cases in Q1 2020.

Chairman Ravi Jaipuria said in a statement the company remains confident of medium-to-longer-term outlook despite short-term non-linearity in business.

"In the face of adversity last year, our business model showed a strong sense of resilience and we were able to deliver steady operational and financial performance. We expect that once things stabilise during the current year, we should be able to swiftly bounce back."

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Varun Beverages Q1 PAT up at Rs 137 crore
Raj Khatri a Filmmaker by Passion and a Flag Bearer for social change
Prometheus School transitioned from IB PYP Candidate School to PYP authorised IB World School in its Second Year
Another feather in the cap for Ajay Ajmera and Ajmera Fashion
US$5 Billion Everstone Group Appoints Leading Lawyer Pratibha Jain as Group General Counsel & Head of Corporate Affairs