The second largest franchisee of PepsiCo in the world outside the US, Varun Beverages, saw its stock slip by around 2 per cent following the fourth-quarter results announcement on Monday.
While the bottler saw a 36 per cent jump in the consolidated net profit after tax of Rs 195.6 crore, its total expenses for the three-month period widened almost 40 per cent to Rs 3,478.6 crore year-on-year, undercutting the net revenue of Rs 3,688.8 crore.
As the three months ended on December 31, 2024, total liabilities (consolidated) stood at Rs 6,404.3 crore, a marked improvement from Rs 8,102.5 crore at the same time last year.
Quarterly sales volume also soared 38 per cent to 21.5 crore unit cases from 15.6 crore unit cases in the same quarter last year.
However, the quarterly numbers significantly dipped when compared to the previous three-month period. The third quarter saw 26.7 crore unit cases sold, and Varun Beverages generated a consolidated net profit after tax of Rs 628.8 crore.
Even as VBL Chairman Ravi Jaipuria said the company expects healthy growth in both Indian and international markets moving forward, markets fell on a generally weaker trading climate and the latest earnings missing street estimates.
Markets closed lower for the day, with Nifty slipping 0.76 per cent to settle at 23,381.6 and the Sensex ending 0.7 per cent lower at 77,311.8 on Trump tariff fears gripping emerging economies across the world.
