VARUN BEVERAGES (VBL)
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Varun Beverages Q3 profit rises 14% to ₹828 crore as shares fall 5%
Varun Beverages reported a 14% year-on-year rise in Q3 profit to ₹828 crore, driven by double-digit volume growth and 33% revenue growth, though higher packaging costs weighed on margins. Despite the earnings beat, shares dropped over 4-5% as investors focused on margin pressure. The stock reaction suggests the market is prioritizing profitability concerns over top-line strength.
Varun Beverages invests ₹4.10cr in Jager Renewables for UP solar power
2 Min Read Varun Beverages (VBL) will invest up to ₹4.10 crore in Jager Renewables, a special purpose vehicle set up to generate and supply solar power to consumers in Uttar Pradesh. VBL will acquire up to 26% of Jager Renewables’ equity share capital through one or more tranches, according to an exchange filing. The company’s board approved the investment at its meeting on October 7.
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