Varun Beverages Boosts Profits Despite Weather Challenges

Varun Beverages Ltd, a prominent player in the beverage bottling sector for PepsiCo, has disclosed a significant 18.5% increase in their consolidated profit after tax, reaching Rs 745.2 crore for the September quarter. This growth is attributed to lower finance costs and a boost in other income sources.

Comparatively, the company recorded a profit of Rs 628.83 crore in the same period last year. This growth, as outlined in a recent regulatory filing, is supported by income from interest on deposits in India and favorable currency fluctuations internationally.

While the consolidated revenue from operations rose marginally to Rs 5,047.74 crore, total expenses also increased to Rs 4,253.18 crore. Sales volume saw a modest 2.4% increase, driven by a 9% surge in international markets, despite a challenging Indian market due to heavy rains.