Varun Beverages, one of the largest PepsiCo franchisees in the world (excluding the USA), is a major player in the beverage industry. The company's consolidated net profit surged by 150.15% to reach Rs 81.52 crore in Q4 CY22, up from Rs 32.59 crore in the same quarter of the previous year. Meanwhile, the revenue from operations (excluding excise/GST) grew by 27.7% to Rs 2,214.23 crore in Q4 CY22 compared to Rs 1,734.34 crore in the corresponding quarter of the previous year.

Shares of Varun Beverages rose 0.50% to Rs 1446.20 on Wednesday, 12 April 2023.