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Varun Beverages surges 9% on Carlsberg deal despite weak Q2
Mint Hyderabad
|October 30, 2025
Shares of PepsiCo bottler Varun Beverages surged over 9% on Wednesday after the company announced an exclusive distribution partnership with Carlsberg Breweries for select southern African markets.
The co is spinning off its Kenya operations into a wholly owned subsidiary.
(BLOOMBERG)
Although international business volumes grew 9% year-on-year in the September quarter, they remained flat in India due to the prolonged monsoons, which impacted demand for colas, juices, and other beverages. Summer is the peak season for beverage companies.
The company's consolidated revenues rose by a modest 1.9% on-year to ₹4,896.7 crore, while earnings before interest, taxes, depreciation, and amortisation (Ebitda) fell 30 basis points. One hundred basis points equals 1%.
Esta historia es de la edición October 30, 2025 de Mint Hyderabad.
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