Varun Beverages Q2 revenue rises 20.4% as volumes grow; EBITDA margin narrows
Varun Beverages reported Q2 consolidated revenue of Rs 8,451 crore and net profit of Rs 1,521 crore, up 20.4% and 15.5% year on year. Consolidated volumes grew 19.8%, including 14.4% growth in India, while EBITDA margin declined to 27.7% from 28.5%.
Varun Beverages beat revenue and profit estimates in Q2, supported by 19.8% consolidated volume growth and improved realisations. India volumes rose 14.4%, while margin contracted. The company is expanding capacity, distribution and chilling infrastructure, and agreed to acquire Devyani Food Industries Kenya.
Why this matters
The quarter extends Varun Beverages' recent pattern of 15.5% Q2 profit growth and 20.4% revenue growth, while a prior signal noted shares fell more than 3.5% after the results.
Retail-company signals are accelerating, up 390433% QoQ.