 "Varun beverages")
Even as June quarter volumes and sales performance of Varun Beverages Ltd (VBL) disappointed the Street, higher margins helped boost bottom line.
Net profit of the beverage major was up 5 per cent year-on-year (Y-o-Y) though sales slipped 2 per cent and operating profit was flat.
Brokerages are positive on the outlook and expect mid-teens earnings growth over the FY24-26 period. The stock of the carbonated soft drinks company is up 9 per cent over the past month.
Consolidated revenue and volume of the company saw a 2-3 per cent fall over the year-ago quarter due to unseasonal rains in
