Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Varun Beverages Ltd Q2CY21 consolidated PAT zooms to Rs. 308.16 crores

Posted On: 2021-08-02 07:33:14 (Time Zone: UTC)


Varun Beverages Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q2 CY2021) - QoQ Comparison

The company has reported total income of Rs.2507.45 crores during the period ended June 30, 2021 as compared to Rs.2275.60 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.308.16 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.129.25 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.7.12 for the period ended June 30, 2021 as compared to Rs.2.98 for the period ended March 31, 2021.

FinancialsQ2 CY2021Q1 CY2021% Change
Total Income₹ 2507.45 crs₹ 2275.60 crsUp Tick 10.19%
Net Profit₹ 308.16 crs₹ 129.25 crsUp Tick 138.42%
EPS₹ 7.12₹ 2.98Up Tick 138.93%

Financial Results (Q2 CY2021) - YoY Comparison

The company has reported total income of Rs.2507.45 crores during the period ended June 30, 2021 as compared to Rs.1668.35 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.308.16 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.140.77 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.7.12 for the period ended June 30, 2021 as compared to Rs.3.25 for the period ended June 30, 2020.

FinancialsQ2 CY2021Q2 CY2020% Change
Total Income₹ 2507.45 crs₹ 1668.35 crsUp Tick 50.3%
Net Profit₹ 308.16 crs₹ 140.77 crsUp Tick 118.91%
EPS₹ 7.12₹ 3.25Up Tick 119.08%

Financial Results (6 months ended CY 2021) - YoY Comparison

The company has reported total income of Rs.4783.05 crores during the 6 months period ended June 30, 2021 as compared to Rs.3392.86 crores during the 6 months period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.437.42 crores for the 6 months period ended June 30, 2021 as against net profit / (loss) of Rs.195.69 crores for the 6 months period ended June 30, 2020.

The company has reported EPS of Rs.10.10 for the 6 months period ended June 30, 2021 as compared to Rs.4.52 for the 6 months period ended June 30, 2020.

Financials6 Months Ended CY20216 Months Ended CY2020% Change
Total Income₹ 4783.05 crs₹ 3392.86 crsUp Tick 40.97%
Net Profit₹ 437.42 crs₹ 195.69 crsUp Tick 123.53%
EPS₹ 10.10₹4.52Up Tick 123.45%

Commenting on the performance for Q2 2021 Mr. Ravi Jaipuria, Chairman, Varun Beverages Limited said, "We have delivered an encouraging set of results during the quarter, despite a soft operating environment due to pandemic-induced lockdowns and restrictions. While we registered strong sales in the month of April, May witnessed moderate sales on account of the disruptions. I am happy to share that our team efficiently outlined and executed a set of SOPs and workflows to secure our business model and ensure continuity across operations during this time. With last year's learnings, we had all the necessary protocols in place to handle and mitigate the business impact to a certain extent. Further, as lockdowns and curbs started easing from June onwards, we saw faster recovery in demand, which assisted growth in the quarter.

Overall, we have delivered a healthy performance, with a topline growth of 49.4% YoY. The higher growth rate is on account of robust volume growth over a lower base of previous year as well as marginal increase in realizations. On the profitability front, we were able to maintain most of the cost-optimization measures that we had undertaken last year, allowing us to report stable EBITDA margin at 23.3%. PAT increased by 123.0%, primarily driven by lower finance cost on account of lowering of average cost of borrowing and reduction in total debt. We are also pleased to share that in-line with our dividend policy the Board of Director's have recommended an interim dividend of Rs. 2.5 per share.

As we look ahead, momentum in demand and consumption should further strengthen with higher vaccination drives, improving economic indicators and supportive macros such as good monsoons. We remain confident of reporting robust performance in the quarters ahead."

Shares of Varun Beverages Limited was last trading in BSE at Rs. 758.4 as compared to the previous close of Rs. 753.55. The total number of shares traded during the day was 19888 in over 2386 trades.

The stock hit an intraday high of Rs. 767.35 and intraday low of 750. The net turnover during the day was Rs. 15146239.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

MTAR Technologies Ltd receives NADCAP certification for 100% EOU unit

RattanIndia Enterprises launches drones business in wholly owned subsidiary NeoSky India Limited

Hero MotoCorp recognized by Guinness World Record

Surya Roshni Ltd receives order of Rs. 41.22 crore

Narbada Gems and Jewellery Ltd approves renewal of working capital facilities

Gyscoal Alloys Ltd updates on rights issue

Archit Organosys Ltd to expand capacity by 6000 MT per annum

Rajnish Wellness Ltd announces Dava Discount Business Model

KEC International wins New Orders of Rs. 1,157 crores

Torrent Power acquires 156 MW Wind Power Plants from CESC Limited

Rajratan Global Wire Limited receives investment promotion assistance of Rs. 2.82 crore

TCS Recognized as a Leader in ACES Automotive Engineering Services by Everest Group

Deep Energy Resources Ltd arm selected as CBM developer for Jharia CBM Block-I

Infosys Collaborates with ServiceNow to Provide Enterprise-Level Service Management for Manufacturing Customers

₹ 200 Crore Base Issue Size of Public Issue of NCDs by Indiabulls Housing Finance Limited Oversubscribed 4.04x Times

Steel Strips Wheels Limited receives approval for resolution plan for AMW Autocomponent Ltd

KIOCL Ltd shuts down pellet plant

Garware Hi-Tech Films Ltd Bags Silver at India Green Manufacturing Challenge Award 2020-21

HCL Technologies and Lendico, an ING Germany Company, Join Forces in Building Solutions for SMEs

Happiest Minds wins two awards at Asiamoney Asia's Outstanding Companies Poll 2021

Chalet Hotels Ltd. becomes first hospitality company globally to join Climate Group's RE100, EP100 and EV100 initiatives

Atishay Limited appointed partner for Providing Door to Door Public Service Delivery to the Citizens

Lincoln Pharmaceuticals Ltd acquires a plant in Mehsana, Gujarat, plans to launch Cephalosporin products soon

Tata Motors to increase prices of its commercial vehicles from 1st October 2021

Cyient Joins TM Forum to collaborate with global CSPs to drive digital transformation in the Communications industry

BLS International selected as National Business Correspondent for India's largest bank, State Bank of India

Clean Science and Technology Ltd to acquire immovable property for Rs. 32.01 crores

Godrej Industries Ltd to issue NCDs for Rs. 750 crore

HDFC announces festive home loan offer with rates at 6.70%

Fineotex Products now ECO PASSPORT certified by OEKO-TEX®, audit conducted by Hohenstein, Germany

L&T Hydrocarbon Engineering bags significant orders from GAIL, Air Products Middle East Industrial Gases LLC

Hon'ble High Court of Delhi passes an order in favour of EaseMyTrip regarding unsolicited messages

Sterling and Wilson Solar Limited commissions 66 MWp solar energy project in Jordan

RattanIndia Enterprises appoints Mr. Peeyush Kumar as Head for their Drone business

Glenmark Pharmaceuticals receives ANDA approval for Clindamycin Phosphate Foam, 1%

PDS Multinational Fashions Limited appoints Raamann Ahuja as Group Chief Human Resources Officer

Mr. Sumit Kumar Shaw resigns from Websol Energy System Ltd

K P Energy Ltd receives LOI aggregating Rs. 119.73 crores

Gensol Engineering Ltd acquires 51.68% stake in Solarig Gensol Utilities Pvt Ltd

Action Construction Equipment Ltd fixes floor price for QIP as Rs. 254.55

HCL Technologies to Drive Digital Speed, Transformation for MKS Instruments

Choice International Ltd secures IRDAI nod for stake acquisition

SoftSol India Limited to consider loan of $5 mn to subsidiary

Firstsource awarded IIP 'We invest in people' Gold accreditation for the second time in a row

TCS' Quartz™ Named a Leading Crypto Player in Transaction Banking and Payments by Celent

Ind-Ra revises outlook on IVP Limited

Apollo Tricoat Tubes Ltd board allots 3,04,00,000 bonus equity shares

Indian Sucrose Ltd board approves expansion projects

R & B Denims Limited to participate in Cairo Fashion & Tex Fair, 2021

Zydus Healthcare Limited to sell two brands Mifegest and Cytolog


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020