Varun Beverages' Q2 operating revenues see a growth of over 36%

Varun Beverages Limited (VBL), one of the largest franchisee of PepsiCo worldwide, has reported a growth in its revenue from operations of 36.5% year-on-year to Rs 2,810 crore in the second quarter of 2019 (April to June).

The company’s profit after tax rose by 32% to Rs 405 crore in Q2 2019 from Rs 307 crore in Q2 2018, while its earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 37% to Rs 788 crore from Rs 575 crore.

VBL’s total sales volumes saw a jump of 43.3% year-on-year at 195.5 million cases in Q2 CY19 as compared to 136.4 million unit cases in Q2 CY18.

Ravi Jaipuria, Chairman of Varun Beverages, said, "We have made rapid progress with the consolidation of the recently acquired territories in south and west regions, and also those acquired last year. This demonstrates our strong execution capabilities, efficiency of our operations and operating leverage."

Varun Beverages produces and distributes a wide range of carbonated soft drinks and a large selection of non-carbonated beverages like packaged drinking water sold under trademarks owned by PepsiCo.