Varun Beverages’ share price is on investors’ radar as it has continued the gaining streak for the 4th straight day. On March 19, 2025, The shares of Varun Beverages opened at ₹535.40, reaching a day high of ₹546.50 at 11:40 AM on BSE. Within 4 trading sessions, Varun Beverages shares touched a high of ₹546.50 from a low of ₹480.85 on March 13, 2025.
For the full year of CY2024, Varun Beverages reported a significant growth in revenue from operations, which increased by 24.7% year-on-year (YoY) to ₹2,00,076.5 million, compared to ₹1,60,425.8 million in CY2023. The company’s consolidated sales volume also saw a strong rise, growing by 23.2% to 1,124.4 million cases in CY2024, up from 912.9 million cases in CY2023.
The company’s EBITDA for CY2024 grew by 30.5%, reaching ₹47,110.7 million, compared to ₹36,094.9 million in the previous year. As a result, the EBITDA margin improved by 105 basis points (bps) to 23.5%, largely driven by better gross margins. However, this improvement was partially offset by the consolidation of the South African market and the fixed costs associated with new capital expenditures that have yet to be fully utilized.
Profit after tax (PAT) saw a 25.3% increase in CY2024, reaching ₹26,342.8 million, up from ₹21,018.1 million in CY2023. This growth was primarily driven by higher volume and improved margins. Additionally, the share of low-sugar and no-sugar products in the company’s consolidated sales volumes increased to approximately 53% in CY2024, up from around 42% in CY2023.
Commenting on the performance for Q4 & CY2024 Mr Ravi Jaipuria, Chairman, Varun Beverages Limited said, “We are pleased to conclude CY2024 on a strong note through adding geographical presence into new territories of South Africa along with distribution rights in Namibia, Botswana, Mozambique and Madagascar. We also started greenfield operations in a new country of Democratic Republic of Congo (DRC). The growth has been driven by organic volume growth and improved product mix. India volumes grew 11.4%, reflecting the strength of our distribution network and operational execution.”
He further added, “Consolidated volumes increased by 23.2%, largely led by new territories resulting in a consolidated revenues increase of 24.7%, EBITDA growth of 30.5%, and PAT growth of 25.3% for the year. We are progressing well in South Africa as we grew the sales volumes by 12.5% in the very first year of operations. We are consciously reducing our reliance on modern trade channels and enhancing our distribution network in general trade. As an enabler, we have placed more visi-coolers in the SA market in a single year than what was cumulatively placed to date by previous operators. We are working on plans for backward integration in the territory.”
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 19, 2025, 11:59 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
