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Varun Beverages misses profit view

Mint Chennai

|

February 11, 2025

Pepsi India bottler Varun Beverages reported fourth-quarter profit below analysts' estimates on Monday, as higher raw material costs overshadowed volumes growth driven by its expansion in Africa.

Shares of the company, which is one of PepsiCo's largest franchisees outside the US, fell about 1.8%.

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UBS sees rupee at 94/$ in FY27 even as trade woes ease

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Domestic steelmakers raise prices after safeguard duty

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Why cloud storage is moving back home

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Adani bond issue sees heavy demand

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Trump’s hint to oil executives weeks before Maduro ouster: ‘Get ready’

The U.S. president now wants oil companies to grow Venezuela's production

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