Varun Beverages Q2: Resilient Despite Rains

  Published 10 months ago

PAT rose on cost savings; revenue, volume fell due to unseasonal rains, with international growth offsetting India's decline.

  • India volumes fell 7.1%, but international volumes grew 15.1%, led by South Africa; Morocco started snack production.
  • EBITDA rose 0.4% YoY to Rs 1,998.77 crore; margins expanded despite fixed overheads from new plants.
  • Strong African performance boosted by currency gains and backward integration; stake in Zambia increased to 95%.

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