Shares of Varun Beverages Ltd soared 9% on 29 October after the company announced its quarterly earnings along with its ambitions for business expansion.

In the quarterly results filing, the company also stated that VBL’s African subsidiaries will enter the beer market via an exclusive distribution arrangement with Carlsberg Breweries. Carlsberg is a Danish alcohol manufacturer.

In addition, the company announced that its snack facility in Morocco has reached full capacity. This will result in a processing facility in Zimbabwe.

The company’s Q3CY25 earnings showed a 20% increase in net profit, reaching Rs 742 crore from Rs 619 crore the previous year.

The top-line figures also rose by 2%. The corporate revenue increased from Rs 4,805 crore in the previous cycle to Rs 4,896.7 crore in this quarter.

The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) decreased to Rs 1,150 crore from Rs 1,151 crore in the previous year, resulting in a margin drop from 24% to 23.4%.

The company’s shares have risen by more than 8% in the last month of trading. 

At 1:37 pm, the shares of Varun Beverages were trading 9.39% higher at Rs 496.80 on NSE.

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