3/05/2021 2:11:18 PM | Source: Angel Broking Ltd
Varun Beverages - 1QCY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
Below are Views On Varun Beverages - 1QCY21 - Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During 1QCY21, Varun Beverages Ltd's (VBL) sales grew by ~34% yoy to ~Rs2,241cr led by strong ~33% yoy increase in volume and balance from improvement in realisation. EBITDA stood at ~Rs382, while EBITDA margins improved by 86 bps in 1QCY21 on account of sustainable cost-optimization measures.On the bottom-line front, PAT increased by 128% to Rs1,37cr in 1QCY21 from Rs60cr in 1QCY20. Overall 1QCY21, results are above expectation. Hence, we are positive on stock.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Sensex, Nifty end marginally down amid mixed sectora...
JGU is India`s first institution of eminence to rece...
India has potential to influence global geoeconomics...
WhatsApp announces AI upgrade for round-the-clock SM...
Citi downgrades Vedanta to 'sell', cuts target price...
The index opened on a muted note and remained range-...
India-Vietnam partnership to improve access to criti...
Quote on Daily Market Commentary for May 7th, 2026 B...
Market Commentary (closing) for 7th May 2026 by Baja...
Evening Roundup : Daily Evening Report on Bullion, B...
Tag News
News Not Found
