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Varun Beverages surges 9% on Carlsberg deal despite weak Q2

Mint Bangalore

|

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.

- Soumya Gupta

Varun Beverages surges 9% on Carlsberg deal despite weak Q2

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%.

Mint Bangalore से और कहानियाँ

Mint Bangalore

Snabbit raises $30 mn in Series C

Snabbit, a quick-service platform for ondemand home services, on Thursday said it has raised $30 million (about ₹265 crore) in a Series C funding round led by Bertelsmann India Investments, alongside participation from existing investors Lightspeed, Elevation Capital, and Nexus Venture Partners.

time to read

1 min

October 31, 2025

Mint Bangalore

Lodha Developers Q2 profit rises 87%

Lodha Developers Ltd’s net profit jumped 86.6% jump to ₹789.8 crore in the July-September quarter, against ₹423.1 crore in the corresponding year-ago period.

time to read

1 min

October 31, 2025

Mint Bangalore

Starlink begins hiring for India rollout

Months after receiving approval to launch satellite internet services in India, Elon Musk-owned Starlink Satellite Communications Pvt. Ltd has begun hiring in the country.

time to read

1 min

October 31, 2025

Mint Bangalore

YouTube to use AI to refine videos' quality

Google’s YouTube will use artificial intelligence (AI) to improve the visual clarity of many low-resolution videos on its platform when viewed on TV screens, the web and mobile devices.

time to read

1 min

October 31, 2025

Mint Bangalore

China opens door to rare earth relief

Four Indian cos get nod; Beijing suspends planned extra curbs

time to read

1 min

October 31, 2025

Mint Bangalore

Mint Bangalore

Cognizant seeks India listing to narrow peer valuation gap

Cognizant’s P/E ratio is 16.59, against 18-25 for TCS, Infosys, HCL Technologies and Wipro

time to read

2 mins

October 31, 2025

Mint Bangalore

Lenskart IPO today, in test of ₹70,000 cr valuation

As Lenskart opens its initial public offering (IPO) today, gunning for a near-₹70,000 crore valuation, it is set to test investor appetite for one of India's most celebrated new-age consumer-tech stories. The Street is divided-sceptics call the price stretched, but believers bet on 20-30% gains in short term.

time to read

1 min

October 31, 2025

Mint Bangalore

Govt to seek additional funds in winter session

Union finance minister Nirmala Sitharaman is likely to seek Parliament’s nod for additional government funds for fiscal 2026 in the upcoming winter session, two people aware of the development said.

time to read

1 min

October 31, 2025

Mint Bangalore

Mint Bangalore

State development loans fall in Oct as yields remain high

The lack of substantial relief in yields coincided with a dip in state bond supply in October

time to read

2 mins

October 31, 2025

Mint Bangalore

Govt allays concerns over power bill draft

In a bid to allay concerns over a potential increase in tariffs for farmers and impact on operations of state-run power distribution companies (discoms) due to the proposed Electricity (Amendment) Bill 2025, the power ministry on Thursday said the changes would only bring in “fair competition” and reduce the cost of power supply.

time to read

1 min

October 31, 2025

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