Varun Beverages Q1FY24 Results: Consolidated PAT of Rs. 993.81 Cr

Varun Beverages Q1FY24 Results: Consolidated PAT of Rs. 993.81 Cr

Varun Beverages Q1 results show revenue up from 3962.72 crores to 5741.33 crores, a 44.88% increase in growth. EPS rise from ₹3.30 to ₹7.65, up by 131.82%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Varun Beverages shared its Q1 results on Thursday. They earned 5741.33 crores in revenue this quarter, but that’s more than the 3962.72 crores they made last quarter. The company’s growth increased by 44.88 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 993.81 crores, up from 429.072 crores in the previous quarter. Their quarter-to-quarter growth increased by 131.62 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹7.65, which is an increase of 131.82% from the ₹3.30 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 5741.33 crores this year (2023), which is 14.19 percent higher than last year’s total revenue of 5028.052 crores.

This year’s PAT (Profit After Tax) is 993.81 crores, which is also 26.21% higher than last year’s PAT of 787.438 crores.

The EPS (Earnings Per Share) for this year is ₹7.65, which is 26.24% more than the EPS of ₹6.06 earned last year.

Also Read: Sun Pharma Q1FY24 Results: Consolidated PAT of Rs. 2022.54 Cr

Varun Beverages Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Varun Beverages:

Varun Beverages Limited is an Indian corporation engaged in the production, bottling, and distribution of beverages. Globally, it holds the position as the second-largest bottling company for PepsiCo’s beverages, excluding the United States. Established in 1995 as a subsidiary of RJ Corp, the company was named after the founder Ravi Jaipuria’s son.

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