Varun Beverages Bubbles Up with 18.5% Profit Surge

In a strong showing on Wednesday, shares of Varun Beverages Ltd, a key bottler for PepsiCo, surged over 9% following the announcement of an 18.5% rise in its consolidated profit after tax for the September quarter.

The stock settled at Rs 495.45 on the BSE, marking an impressive rise. Varun Beverages Ltd detailed an increase in profits to Rs 745.2 crore, up from Rs 628.83 crore in the same quarter last fiscal year, aided significantly by reduced finance costs and greater other income.

The market valuation soared by Rs 14,070.32 crore, reaching Rs 1,67,560.63 crore. VBL's consolidated revenue from operations also climbed, despite higher total expenses during the quarter under review.