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Varun Beverages Reported Third-Quarter Profit Growth on Higher Revenue, Margin

By Kosaku Narioka


Varun Beverages reported growth in net profit in the third quarter, thanks to increased revenue and higher margins.

The Indian soft-drink maker and PepsiCo franchisee. ....

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Foreign investors flocked to Varun Beverages, Britannia in past three years

A Moneycontrol study showed that of the top 10 consumer companies by market cap, FIIs upped stakes in seven, including these two ....

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VBL shrinks Q4 loss to Rs 7 crore from Rs 54 crore y-o-y


VBL shrinks Q4 loss to Rs 7 crore from Rs 54 crore y-o-y
ANI |
Updated: Feb 16, 2021 13:37 IST
Gurugram (Haryana) [India], February 16 (ANI): Varun Beverages Ltd (VBL), a key player in the beverage industry and one of the largest franchisee of PepsiCo worldwide, said on Tuesday its losses reduced significantly to Rs 7.24 crore during October to December.
The company, which follows calendar year as its financial year, had posted a net loss of Rs 53.95 crore in Q4 2019.
For CY 2020, however, profit after tax decreased by 24 per cent to Rs 357 crore primarily because of 64.7 per cent decline in Q2 due to Covid-19 lockdown restrictions imposed by the government. ....

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