Earnings Alerts

Varun Beverages (VBL) Earnings Exceed Expectations with 24% Net Income Growth in Q3

By October 22, 2024 No Comments
  • Varun Beverages reported a net income of 6.2 billion rupees for the third quarter.
  • This net income represents a 24% increase compared to the same period last year.
  • Analysts estimated the net income would be 5.57 billion rupees, so the actual results exceeded expectations.
  • Revenue for the quarter was 49.3 billion rupees, which is a 25% year-over-year increase.
  • Total costs for the quarter amounted to 41.6 billion rupees, marking a 26% rise from the previous year.
  • The company’s stock has strong investor support with 20 buy ratings, 3 hold ratings, and no sell ratings.

Varun Beverages on Smartkarma



Analyst coverage of Varun Beverages on Smartkarma highlights the insights provided by Sudarshan Bhandari in his research report titled “What Next for Varun Beverages: The Next Leg of Growth Drivers.” Bhandari’s sentiment leans towards bullish as he anticipates Varun Beverages to potentially rewrite success stories similar to Sting. The report emphasizes Varun Beverage’s history of achieving high growth through strategic acquisitions, product diversification, geographical expansion, and operational efficiency. By focusing on promising geographies and innovative products, Varun Beverages is positioned to achieve its next phase of growth, possibly surpassing previous successes like Sting.



A look at Varun Beverages Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience2
Momentum2
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Varun Beverages, a company that produces and distributes beverages globally, has shown promising long-term growth potential as indicated by its high Smart Scores in Growth. The company scored a 5 in Growth, reflecting strong prospects for expansion and increasing market share in the beverage industry. While Varun Beverages achieved a moderate score of 2 in Value, Dividend, Resilience, and Momentum, its standout performance in Growth signifies a bright future for the company.

Varun Beverages Limited, known for its carbonated soft drinks, non-alcoholic beverages, and packaged drinking water, continues to capture opportunities for growth and diversification. With a focus on expanding its product portfolio and reaching a wider customer base, Varun Beverages is well-positioned to capitalize on emerging market trends and solidify its presence in the competitive beverage sector.

### Summary ###
Varun Beverages Limited produces and distributes beverages, including carbonated soft drinks, non-alcoholic beverages, and packaged drinking water, serving customers around the world. The company’s Smart Scores highlight its strong growth potential, despite moderate scores in other key factors such as Value, Dividend, Resilience, and Momentum.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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