Shares of Varun Drinks Ltd soared 9% on 29 October after the corporate introduced its quarterly earnings together with its ambitions for enterprise enlargement.
Within the quarterly outcomes submitting, the corporate additionally acknowledged that VBL’s African subsidiaries will enter the beer market by way of an unique distribution association with Carlsberg Breweries. Carlsberg is a Danish alcohol producer.
As well as, the corporate introduced that its snack facility in Morocco has reached full capability. It will end in a processing facility in Zimbabwe.
The corporate’s Q3CY25 earnings confirmed a 20% enhance in internet revenue, reaching Rs 742 crore from Rs 619 crore the earlier 12 months.
The highest-line figures additionally rose by 2%. The company income elevated from Rs 4,805 crore within the earlier cycle to Rs 4,896.7 crore on this quarter.
The Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortisation (EBITDA) decreased to Rs 1,150 crore from Rs 1,151 crore within the earlier 12 months, leading to a margin drop from 24% to 23.4%.
The corporate’s shares have risen by greater than 8% within the final month of buying and selling.
At 1:37 pm, the shares of Varun Drinks have been buying and selling 9.39% larger at Rs 496.80 on NSE.
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