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Varun Beverages reports 30% rise in Q3 consolidated net profit

06 Nov 2023 Evaluate

Varun Beverages has reported results for third quarter ended September 30, 2023 (Q3).

The company has reported 44.48% rise in its net profit at Rs 415.61 crore for the third quarter under review as compared to Rs 287.66 crore for the same quarter in the previous year. Total income of the company increased by 15.67% at Rs 2,923.42 crore for the September quarter as compared to Rs 2,527.48 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 29.98% rise in its net profit at Rs 514.06 crore for the third quarter under review as compared to Rs 395.49 crore for the same quarter in the previous year. Total income of the company increased by 21.40% at Rs 3,956.26 crore for the September quarter as compared to Rs 3,258.92 crore for the corresponding quarter 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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