Varun Beverages Q4 Results: Cons PAT at Rs 132 crore; final dividend declared

Ebitda for the reported quarter rose 37% YoY to ₹419 crore, led by increased realisation, higher gross margins and improved operational efficiencies. Margin stood at 15.3%.

The board of PepsiCo's largest franchise bottler also recommended a final dividend of ₹1.25 per equity share for the financial year ended December 31, 2023 to the shareholders of the company. The record date will be fixed by the Board of Directors of the company.

Ravi Jaipuria, Chairperson of Varun Beverages, said that despite the abnormally high unseasonal rains in the peak season, his company concluded 2023 on a strong note. He said his company witnessed a healthy double-digit volume growth in both Indian and International markets.

"Our consolidated sales volume increased by 13.9%, and the net realisation per case increased by 7% in 2023. Both these together contributed to our remarkable revenue growth of 21.8 per cent and an impressive PAT growth of 35.6 per cent. In line with our strategic objectives, we have successfully commissioned multiple greenfield and brownfield facilities across key geographies during the year. This expansion not only strengthened our manufacturing capabilities but also extended our market reach," he added.

Shares of Varun Beverages Ltd was trading almost flat at ₹1,287.75 apiece on the NSE.