Varun Beverages Limited — Updates, 22-10-2024: Press Release

Varun Beverages Limited reported strong financial results for Q3 and 9M CY2024, with revenues increasing by 24.1% to Rs. 48,046.8 million in Q3 and 22.0% to Rs. 163,188.6 million for 9M. EBITDA rose by 30.5% and PAT by 22.3% for the quarter. The company has commenced production in the Democratic Republic of Congo and plans to raise up to Rs. 7,500 crore via a QIP to support expansion and growth initiatives.