Varun Beverages narrows loss to Rs 7 cr in December quarter; shares skid 4%

Ebitda increased by 48.8 per cent to Rs 172.23 crore from Rs 115.74 crore reported in Q4CY20. Ebitda margins, too, improved by 346 bps in Q42020

Shares of Varun Beverages skid 4.6 per cent in the intra-day session and hit a low of Rs 899.6 apiece on the BSE on Tuesday amid profit-booking by investors on the company's improved performance in the December quarter.

The company narrowed its loss in Q4CY21 to Rs 7.2 crore compared with a loss of Rs 54 crore in the previous year period. It's revenue increased 9 per cent on year to Rs 1,351.3 crore as against Rs 1,239.5 crore YoY. It's total sales volumes (organic) went up by 5.6 per cent YoY at 87.1 million in Q42020.

Furthermore, Ebitda increased