Varun Beverages Q1 net profit jumps 62.92% at Rs 125.24 cr
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The company reported standalone net profit of Rs 125.24 crore for the quarter ended March 31, 2021 as compared to Rs 76.87 crore in the same period last year, registering a year-on-year growth of 62.92 per cent. Net revenue of the company rose substantially by 36.96 per cent at Rs 1,799.15 crore in January-March quarter of this fiscal as against Rs 1,313.66 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 35.41 per cent to Rs 1,479.99 crore from Rs 1,092.95 crore in year ago period. Other Income dipped by 80.18 per cent at Rs 6.05 crore versus (Mar'20 Rs 30.53 crore).
Operating Profit surged by 44.60 per cent to Rs 319.16 crore as against Rs 220.72 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.60 per cent in March quarter. Interest declined by 38.37 per cent y-o-y to Rs 44.85 crore, while Taxation increased by 169.68 per cent at Rs 50.04 crore (Mar'20 Rs -71.81 crore).
