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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 11.27 % in the past year, substantial increase in net sales/revenue by 61.04 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -18.99 %, Marginal decrease of -12.12% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Varun Beverages Limited. Notable increase of 24.95 % in net profit Year to Year, Varun Beverages Limited’s profitability increased by 281.17 % in this quarter.
- EPS over the Year and quarter: EPS declined by -37.37 % Year to Year. EPS increased by 305.88 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 3952.591 Cr | Rs. 2730.982 Cr | Rs. 4397.98 Cr | + 61.04 % | + 11.27 % |
Expenses | Rs. 3154.56 Cr | Rs. 2312.69 Cr | Rs. 3409.22 Cr | + 47.41 % | + 8.07 % |
Operating Profit | Rs. 798.03 Cr | Rs. 418.29 Cr | Rs. 988.76 Cr | + 136.38 % | + 23.9 % |
OPM % | 20.19 % | 15.32 % | 22.48 % | + 7.16 % | + 2.29 % |
Other Income | Rs. 10.11 Cr | Rs. 9.32 Cr | Rs. 8.19 Cr | -12.12 % | -18.99 % |
Interest | Rs. 62.57 Cr | Rs. 73.66 Cr | Rs. 93.69 Cr | + 27.19 % | + 49.74 % |
Depreciation | Rs. 172.2 Cr | Rs. 165.97 Cr | Rs. 187.52 Cr | + 12.98 % | + 8.9 % |
Profit before tax | Rs. 573.37 Cr | Rs. 187.98 Cr | Rs. 715.74 Cr | + 280.75 % | + 24.83 % |
Tax % | 23.51 % | 23.55 % | 23.43 % | -0.12 % | -0.08 % |
Net Profit | Rs. 438.57 Cr | Rs. 143.76 Cr | Rs. 547.98 Cr | + 281.18 % | + 24.95 % |
EPS in Rs | Rs. 6.6 | Rs. 1.02 | Rs. 4.13 | + 304.9 % | -37.42 % |
Today, we’re looking at Varun Beverages Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.27 %. However, it did see a marginal increase of 61.04 % from the previous quarter. Expenses ticked up slightly by 47.41 % quarter-on-quarter, aligning with the annual rise of 8.07 %. Operating profit, while up 23.9 % compared to last year, faced a quarter-on-quarter increase of 136.38 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.29 %, but an expansion of 7.16 % sequentially. Other income fell by -12.12 % compared to the last quarter, despite an annual decline of -18.99 %. Interest expenses surged remarkably by 27.19 % from the previous quarter, yet the year-over-year increase remains at a moderate 49.74 %. Depreciation costs climbed by 12.98 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.9 %. Profit before tax grew annually by 24.83 % but saw an increase from the preceding quarter by 280.75 %.
Tax expenses as a percentage of profits decreased slightly by -0.08 % compared to last year, with a more notable quarter-on-quarter decrease of -0.12 %. Net profit rose by 24.95 % year-on-year but experienced a 281.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -37.42 % but a quarterly rise of 304.9 %. In summary, Varun Beverages Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 3952.591 Cr | Rs. 2730.982 Cr | Rs. 4397.98 Cr | + 61.04 % | + 11.27 % |
Expenses | Rs. 3154.56 Cr | Rs. 2312.69 Cr | Rs. 3409.22 Cr | + 47.41 % | + 8.07 % |
Operating Profit | Rs. 798.03 Cr | Rs. 418.29 Cr | Rs. 988.76 Cr | + 136.38 % | + 23.9 % |
Net Profit | Rs. 438.57 Cr | Rs. 143.76 Cr | Rs. 547.98 Cr | + 281.18 % | + 24.95 % |
EPS in Rs | Rs. 6.6 | Rs. 1.02 | Rs. 4.13 | + 304.9 % | -37.42 % |
In reviewing Varun Beverages Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.27 % year-on-year growth, however, there was a minor increase of 61.04 % from the previous quarter. Expenses rose by 8.07 % compared to the previous year, with a 47.41 % increase quarter-on-quarter. Operating Profit surged by 23.9 % annually, and saw a 136.38 % increase from the last quarter.
Net Profit showed yearly increase of 24.95 %, and experienced a 281.18 % increase from the previous quarter. Earnings Per Share (EPS) fell by -37.42 % annually, however rose by 304.9 % compared to the last quarter. In essence, while Varun Beverages Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.