Varun Beverages Reports Fourth-Quarter Net Profit Growth on Higher Revenue
By Kosaku Narioka
Varun Beverages reported a rise in fourth-quarter net profit on higher revenue from its Indian and overseas markets.
The Indian soft-drink maker and PepsiCo franchisee said Monday that net profit rose 77% from a year earlier to 1.32 billion rupees ($15.9 million). The result beat the estimate of INR1.09 billion in a poll of analysts by FactSet.
Revenue for the period climbed 21% to INR27.31 billion, thanks to stronger sales in the Indian and international markets.
The company's board approved a final dividend payment of INR1.25 a share, bringing the total dividend declared for 2023 to INR2.50.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 05, 2024 04:41 ET (09:41 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Today’s Market Volatility Could Provide Tomorrow’s Opportunities
-
40 of the Best Investment Picks
-
Tech Stock Dividends Are Changing the Face of Dividend Growth Investing
-
Roblox Earnings: Weakening Engagement Has Weighed On Growth
-
The Best Gaming Stocks to Buy
-
Energy Transfer Earnings: M&A Drives Guidance Increase In Solid Quarter
-
The Best Healthcare Stocks to Buy
-
Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?