Varun Beverages Limited Reports Un-Audited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months September 30, 2018
October 25, 2018 at 01:53 am EDT
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Varun Beverages Limited reported un-audited standalone and consolidated earnings results for the third quarter and nine months September 30, 2018. For the quarter, on consolidated basis, the company reported revenue from operations of INR 12,044.71 million as compared to INR 9,880.20 million a year ago. Net profit was INR 441.58 million or INR 2.31 per basic share compared to INR 337.10 million or INR 1.80 per basic share reported year ago. Total income was INR 12,050.44 million as compared to INR 9,909.12 million a year ago.
For the nine months, on consolidated basis, revenue from operations was INR 44,239.90 million as compared to INR 39,729.14 million a year ago. Net profit was INR 3,706.85 million or INR 19.95 per basic share compared to INR 2,861.88 million or INR 15.51 per basic share reported a year ago. Total income was INR 44,330.74 million as compared to INR 39,940.09 million a year ago.
For the quarter, on standalone basis, revenue from operations was INR 8,092.76 million as compared to INR 6,686.60 million a year ago. Net profit was INR 636.02 million or INR 3.48 per basic share compared to INR 501.43 million or INR 2.75 per basic share reported a year ago. Total income was INR 8,370.49 million as compared to INR 7,001.59 million a year ago.
For the nine months, on standalone basis, revenue from operations was INR 34,454.09 million as compared to INR 31,606.36 million a year ago. Net profit was INR 3,861.83 million or INR 21.15 per basic share compared to INR 3,046.77 million or INR 16.70 per basic share reported a year ago. Total income was INR 34,990.13 million as compared to INR 32,078.96 million a year ago. Diluted earnings per share was INR 21.14 compared to INR 16.69 a year ago.
Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by it include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by it include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina. It has approximately 34 manufacturing plants in India and over six manufacturing plants in international geographies (two in Nepal and one each in Sri Lanka, Morocco, Zambia and Zimbabwe). Its subsidiaries include Varun Beverages (Nepal) Private Limited, Varun Beverages Lanka (Private) Limited, The Beverage Company Proprietary Limited, and others.