InvestorQ : How did Varun Beverages manage to report such attractive results in the midst of such difficult times?
Mitali Bhutta made post

How did Varun Beverages manage to report such attractive results in the midst of such difficult times?

Answer
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Dawn Cherian answered.
5 months ago


Varun Beverages reported 50% growth in Mar-20 net profits at Rs.60.06 crore. This was largely supported by a tax write back. However, profits could have been much better had it not been for a provision of Rs.66.53 crore for impairment in the value of certain plant and equipment. During the quarter, the company had re-evaluated its outstanding deferred tax balances and written back an amount of Rs 73.18 crore. Total revenues from operations were up by 23.3% at Rs.1676 crore. The lockdown did impact in the last few days of March. Varun Beverages is a beverage bottler for Pepsi in India.