Varun Beverages Ltd Q1 Results: Varun Beverages Ltd reported 33.58% yoy increase in consolidated sales revenues for the Mar-21 quarter at Rs2,269.88cr.
Varun Beverages Ltd is officially known for some of the leading cola brands in India and In the latest quarter, Varun Beverages Revenue is increased. Revenues grew by 68% on a sequential basis.
Varun Beverages Ltd Q1 profits increased by 135.36% growth in net profits at Rs129.26cr
Varun Beverages Ltd reported Q1 profits increased by 135.36% growth in net profits at Rs129.26cr. The sharp boost to revenues was largely instrumental in the boost to the bottom line.
The profit boost also came from the Rs67cr exceptional write-off that Varun Beverages took in the Mar-20 quarter on account of unused plant, equipment and materials due to the COVID impact.
The profit growth would have been much bigger had it not been for Rs72.3cr deferred tax credit that Varun got in the Mar-20 quarter. Net margins improved from 3.23% to 5.69% in Mar-20. Varun had made a net loss in the sequential Dec-20 quarter.
After Superb Performance in Q1 Results, Varun Beverages Gives 1:2 bonus issue.