Varun Beverages rallies 7% on strong December quarter earnings

The strong recovery in demand post the pandemic and continued efforts towards expanding the distribution network across markets resulted in a 41% growth in consolidated sales volume in CY22.

Shares of Varun Beverages (VBL) rallied 7 per cent to Rs 1,304.50 on the BSE in Tuesday’s intra-day trade in an otherwise subdued market. In past two trading days, the stock of beverages company surged 12 per cent after the company posted robust revenue growth in December quarter (Q4CY22), fueled by strong volume growth and higher realization. In comparison, the S&P BSE Sensex was down 0.22 per cent at 60,375 at 11:40 AM.

The company’s revenue from operations grew by 27.7 per cent year-on-year (YoY) to Rs 2,214 crore. Net realization increased by 6 per cent to Rs 164