Varun Beverages up by 5.5% after Q1 CY2024 results

Varun Beverages announced its quarterly results for CY2024 on Monday. This led to a 5.5% increase in its stock price today on the exchange reaching Rs. 1559.

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The company’s PAT for Q1 CY2024 was Rs. 548 cr, up by 25% from Rs. 438.60 cr on a YOY basis.

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Varun Beverages’ net revenue increased by 11% reaching Rs. 4,317.3 cr in Q1. This was Rs. 3,893 crore in the Q1 CY2023.

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In a similar manner, the company’s EBITDA increased by 23.9% reaching Rs. 798 cr while there was a 240 bps improvement in EBITDA margin, reaching 22.9%.

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These results turned into positive investor sentiments and its share price made an intraday high of Rs. 1559 on Tuesday from the previous closing of Rs. 1477.30.

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Varun Beverages up by 5.5% after Q1 CY2024 results

Varun Beverages announced its quarterly results for CY2024 on Monday. This led to a 5.5% increase in its stock price today on the exchange reaching Rs. 1559.

Quarterly results

The company’s PAT for Q1 CY2024 was Rs. 548 cr, up by 25% from Rs. 438.60 cr on a YOY basis.

Net profit

Varun Beverages’ net revenue increased by 11% reaching Rs. 4,317.3 cr in Q1. This was Rs. 3,893 crore in the Q1 CY2023.

Revenue

In a similar manner, the company’s EBITDA increased by 23.9% reaching Rs. 798 cr while there was a 240 bps improvement in EBITDA margin, reaching 22.9%.

EBITDA

These results turned into positive investor sentiments and its share price made an intraday high of Rs. 1559 on Tuesday from the previous closing of Rs. 1477.30.

Share price

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