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Varun Beverages Q4FY21 (Q1CY21) Conference Call Transcript

Varun Beverages Q4FY21 (Q1CY21) Conference Call Transcript

Published on 24 May 2021 Views 94 Comments 0

Q1CY21 Performance:

  • The company registered a volume growth of 33% YoY.
  • EBITDA Margins stood at 17% in Q1CY21.
  • In addition to our higher operating leverage and increased profitability from our international operations resulted in improved profits in Q1 with PAT registering a growth of 128% YoY.
  • The repayment of the debt as well as the lower average cost of borrowing translated into a reduction in finance costs during the quarter.
  • CSD contributed to 70%, Juice - 7%, and Packaged Drinking Water - 23% of total sales volume in Q1 2021.
  • Realization per case improved marginally by 0.6% to Rs. 148 in Q1 2021, led by a change in product mix with higher contribution from CSD and Juice.
  • EBITDA increased by 40.7% to Rs. 3,816.2 million in Q1 2021 from the level of Rs. 2,711.6 million in Q1 2020.
  • PAT increased by 127.7% to the level of Rs.1,367.6 million in Q1 2021 from Rs.600.6 million in Q1 2020, given by higher revenue improvement in margins and higher profitability from international operations.

New Launchings:

  • The Company launched a new variant to compete with the lemon drink of the competition.
  • Launched Mountain Dew ICE, which is a lemony drink and has juice instead of just chemicals and carbonate.
  • Focus on Expanding capacity on Juice Category, as Tropicana has performed well.
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