Published on 28/04/2022 2:47:47 PM | Source: Dion Global Solutions Ltd

Varun Beverages Q1 net profit jumps 55.99% at Rs 195.36 cr

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The company reported standalone net profit of Rs 195.36 crore for the quarter ended March 31, 2022 as compared to Rs 125.24 crore in the same period last year, registering a year-on-year growth of 55.99 per cent. Net revenue of the company rose substantially by 21.41 per cent at Rs 2,184.37 crore in January-March quarter of this fiscal as against Rs 1,799.15 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 20.63 per cent to Rs 1,785.33 crore from Rs 1,479.99 crore in year ago period.

Other Income grew by 231.57 per cent at Rs 20.06 crore versus (Mar'21 Rs 6.05 crore). Operating Profit surged by 25.03 per cent to Rs 399.05 crore as against Rs 319.16 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.99 per cent in March quarter. Interest declined by 3.77 per cent y-o-y to Rs 43.16 crore, while Taxation increased by 59.67 per cent at Rs 79.90 crore (Mar'21 Rs 50.04 crore).