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Varun Beverages reports 53% rise in Q3 consolidated net profit

01 Nov 2022 Evaluate

Varun Beverages has reported results for second quarter ended September 30, 2022.

The company has reported rise of 97.14% in its net profit at Rs 287.66 crore for Q3FY23 as compared to Rs 145.92 crore for the corresponding quarter previous year. Total income of the company increased by 47.04% to Rs 2,527.48 crore for the quarter under review as compared to Rs 1,718.92 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 53.35% in its net profit at Rs 395.48 crore for Q3FY23 as compared to Rs 257.90 crore for the same quarter in the previous year. Total income of the company increased by 31.55% to Rs 3,258.92 crore for the quarter under review as compared to Rs 2,477.37 crore for the same quarter in the previous year.

Peers
Company Name CMP
Nestle India 1388.10
Varun Beverages 411.15
Britannia Industries 5029.95
LT Foods 416.60
Hatsun Agro Product 1212.70
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