The company’s revenue from operations stood at Rs 5,680 crore, up from Rs 4,397.98 crore reported in the corresponding quarter of the previous financial year.
The company has also announced an interim dividend of Rs 0.50 per share, fixing May 7 as the record date for determining the shareholder eligibility. The same will be paid on and from May 9.
EBITDA increased by 27.8% in the said quarter to Rs 1,263.96 crore from Rs 988.76 crore in the year-ago period This is in-line with the net revenue growth. EBITDA margins in India improved by 111 bps on account of operational efficiencies from robust volume growth.
Varun Beverages’ consolidated sales volume rose 30.1% to 312.4 million cases in Q4, up from 240.2 million cases in the same quarter last year, supported by strong organic volume growth of 15.5% in India and additional in-organic volume contributions from South Africa and the DRC.
Also read: Bajaj Finserv shares slide 6% after Q4 results fail to impress investorsNet realization per case increased by 1.8% in India and remained flat in international markets (ex. South Africa). There is a decline of 0.9% in net realization per case at the consolidated level because of lower realization in own brands in the South African market.South Africa recorded 141 million cases over the trailing four quarters, marking a growth of approximately 13% compared to the same period last year.
Around 12:15 pm, the shares of Varun Beverages were trading 1.75% lower at Rs 519.70 on the BSE.
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