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Varun Beverages Share Price: Varun Beverages Limited’s Q2 CY2025 earnings show a 3% decline in sales volume due to unseasonal rainfall.
Varun Beverages announces second interim dividend for CY 2025.
Varun Beverages Share Price: Varun Beverages’ shares up 3 per cent intraday on Wednesday, following the Q2 earnings in CY25. The scrip was trading at Rs 526.30 apiece, against the previous day close at Rs 512.15 apiece.
Consolidated sales volume declined by 3.0% to 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India
India volumes declined by 7.1%, while international volumes grew by 15.1% (South Africa growing at 16.1%), partially offsetting the overall decline.
Revenue from operations (net of excise / GST) decreased by 2.5% YoY to Rs. 70,173.7 million in Q2 CY2025 as compared to Rs. 71,968.6 million in Q2 CY2024.
EBITDA increased by 0.4% in Q2 CY2025 to Rs. 19,987.7 million from Rs. 19,912.2 million in Q2 CY2024.
EBITDA margins increased by 82 bps in Q2 CY2025 to 28.5% from 27.7% in Q2 CY2024, in-spite of increase in fixed overheads due to new capacity being commissioned at four greenfield plants in India which all are yet to yield incremental volumes.
PAT increased by 5.0% to Rs. 13,254.9 million in Q2 CY2025 from Rs. 12,618.3 million in Q2 CY2024 driven by operational efficiencies and lower finance cost.
Performance Review for H1 2025 vs. H1 2024
• Revenue from operations grew 9.3% YoY to Rs. 125,843.1 million in H1 2025 as compared to Rs. 115,141.8 million H1 2024.
o In H1 CY2025, mix of Low / No added sugar products was ~ 55% of consolidated sales volumes.
• EBITDA increased by 9.5% to Rs. 32,627.4 million in H1 2025 from Rs. 29,799.8 million in H1 2024
• PAT higher by 13.6% to Rs. 20,568.5 million in H1 2025 from Rs. 18,098.2 million in H1 2024
Varun Beverages Dividend 2025
In line with our dividend policy, the Board of Directors has approved a second interim dividend of 25% of
face value, i.e., Rs. 0.50 per share, resulting in a total cash outflow of approximately Rs. 1,691 million.
Acquisition of 50% stake in Everest Industrial Lanka (Private)
The Company has Acquired 50% equity share capital of Everest Industrial Lanka (Private) Limited (“EIL”). EIL, a company in Sri Lanka is engaged in the business of production, manufacturing, distribution and selling of commercial visi-coolers and related accessories.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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