Varun Beverages Beats Profit Forecast

  Published 8 months ago

Varun Beverages' Q2 profit rose 5% despite a volume drop, aided by strong cost control and lower expenses.

  • Early monsoon rains led to a 3% volume drop and 2.3% revenue fall, mainly from weaker domestic demand.
  • Net profit reached ₹13.17 billion, surpassing analyst expectations of ₹11.30 billion, helped by nearly 4% lower expenses.
  • The company named Pankaj Madan as new CFO and continues expanding in Africa, targeting emerging market growth.

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