The company’s net profit surged to Rs 195.64 crore in the fourth quarter ended 31 December 2024
Varun Beverages, PepsiCo’s bottling partner has reported a 36.1 per cent increase in its net profit in the fourth quarter ended December 2024, marking a healthy improvement in its performance on a year-on-year (YoY) basis. The company’s net profit surged to Rs 195.64 crore from Rs 143.76 crore in the Q4 ended December 2023.
The consolidated financial results of the company revealed a 39.8 per cent increase in its revenue from operations as it reached Rs 3,817.61 crore in Q4 as compared to Rs 2,730.98 crore in the corresponding period of the previous year. The total expenses of the company also marked an uptick as it surged to Rs 3,607.43 crore in the recently concluded quarter from Rs 2,552.32 crore in Q3 of 2023.
“We are pleased to conclude CY2024 on a strong note through adding geographical presence into new territories of South Africa along with distribution rights in Namibia, Botswana, Mozambique and Madagascar. We also started greenfield operations into a new country of Democratic Republic of Congo (DRC). The growth has been driven by organic volume growth and improved product mix,” stated Ravi Jaipuria, Chairman, Varun Beverages.
India volumes grew 11.4 per cent, while consolidated volumes increased by 23.2 per cent, largely led by new territories resulting in consolidated revenues increase by 24.7 per cent, earnings before interest, tax, depreciation and amortisation (EBITDA) growth of 30.5 per cent, and PAT growth of 25.3 per cent for the year, as per the statement by the company.
Looking ahead, the company stated that it remains focused on sustaining healthy growth in both Indian and international markets through deeper market penetration, strategic capacity expansion, and continued investments in technology and sustainability.
