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Varun Beverages announces Q4 & 2020 Financial Results


Varun Beverages announces Q4 & 2020 Financial Results
Posted On:
2021-02-16 01:27:12
(Time Zone: Arizona, USA)
Varun Beverages Limited (BSE: 540180, NSE: VBL), a key player in the beverage industry, announced its financial results for the fourth quarter and year ended December 31, 2020.
Financial Performance Highlights
Performance Review for Q4 2020 vs. Q4 2019
- Revenue from operations (net of excise / GST) grew by 9.1% YoY to Rs. 13,308.9 million
- Total sales volumes (organic) were up 5.6% YoY at 87.1 million cases in Q4 2020
- EBITDA increased by 48.8% to Rs. 1,722.3 million from Rs. 1,157.4 million
- EBITDA margins improved by 346 bps in Q4 2020 on account of sustainable cost-optimization measures
- Gross margins improved by 472 bps during Q4 2020 primarily due to favorable PET chips prices (~12.5% decline) and higher mix of CSD ....

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