Varun Beverages Ltd. Q3 FY2024 results: revenue ₹4,932 crore, up 25.3% on the year
Varun Beverages Ltd. (VBL) reported consolidated revenue from operations of ₹4,932 crore for Q3 FY2024, the quarter ended 30 September 2024, up 25.3% on the same quarter a year earlier. Profit after tax was ₹629 crore, up 22.3% on the year, and earnings per share ₹1.91. The figures are the company's own, from the unaudited results it filed with NSE on 22 October 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | Q3 FY2023 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 4,932 | 7,334 | 3,938 | +25.3% |
| Other income | 24 | 44 | 19 | +31.0% |
| Total income | 4,956 | 7,378 | 3,956 | +25.3% |
| Cost of materials consumed | 1,785 | 2,872 | 1,635 | +9.2% |
| Purchases of stock-in-trade | 146 | 160 | 110 | +33.2% |
| Changes in inventories | 205 | 228 | -15 | n/a |
| Employee benefit expense | 513 | 499 | 372 | +38.1% |
| Finance costs | 119 | 129 | 62 | +89.6% |
| Depreciation, depletion and amortisation | 257 | 242 | 171 | +50.2% |
| Other expenses | 1,132 | 1,583 | 954 | +18.6% |
| Total expenses | 4,156 | 5,714 | 3,289 | +26.4% |
| Profit before exceptional items and tax | 800 | 1,664 | 667 | +19.9% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 800 | 1,664 | 667 | +19.9% |
| Current tax | 174 | 397 | 142 | +22.6% |
| Deferred tax | -2 | 5 | 11 | n/a |
| Total tax | 171 | 401 | 153 | +12.1% |
| Profit after tax | 629 | 1,262 | 514 | +22.3% |
| Attributable to owners of the parent | 620 | 1,253 | 501 | +23.7% |
| Other comprehensive income | -20 | -20 | -10 | n/a |
| Total comprehensive income | 609 | 1,242 | 504 | +20.7% |
| EPS, basic | ₹1.91 | ₹9.64 | ₹3.86 | -50.5% |
| EPS, diluted | ₹1.91 | ₹9.63 | ₹3.85 | -50.4% |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q3 FY2023 | Q4 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,938 | 2,731 | 4,398 | 7,334 | 4,932 | 3,818 | 5,680 | 7,163 | 5,048 | 4,335 | 6,722 | 8,651 |
| Expenses | 3,289 | 2,552 | 3,690 | 5,714 | 4,156 | 3,607 | 4,730 | 5,507 | 4,253 | 4,072 | 5,598 | 6,773 |
| Operating profit | 882 | 418 | 989 | 1,991 | 1,151 | 580 | 1,264 | 1,999 | 1,147 | 639 | 1,529 | 2,343 |
| OPM % | 22% | 15% | 22% | 27% | 23% | 15% | 22% | 28% | 23% | 15% | 23% | 27% |
| Other income | 19 | 9 | 8 | 44 | 24 | 45 | 28 | 77 | 148 | 99 | 44 | 104 |
| Interest | 62 | 74 | 94 | 129 | 119 | 109 | 41 | 37 | 45 | 47 | 49 | 57 |
| Depreciation | 171 | 166 | 188 | 242 | 257 | 261 | 273 | 306 | 308 | 330 | 357 | 409 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 667 | 188 | 716 | 1,664 | 800 | 255 | 978 | 1,733 | 943 | 361 | 1,167 | 1,981 |
| Tax % | 23% | 24% | 23% | 24% | 21% | 23% | 25% | 23% | 21% | 27% | 24% | 23% |
| Net profit | 514 | 144 | 548 | 1,262 | 629 | 196 | 731 | 1,325 | 745 | 260 | 879 | 1,525 |
| EPS in ₹ | ₹3.86 | ₹1.02 | ₹4.14 | ₹9.64 | ₹1.91 | ₹0.56 | ₹2.15 | ₹3.89 | ₹2.19 | ₹0.74 | ₹2.58 | ₹4.50 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 September 2024, filed with NSE on 22 October 2024: the result statement. All of Varun Beverages Ltd.'s results: NSE company page.
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