Varun Beverages posts loss of Rs.7.24 crores in (Q4) FY 2020-21

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Team Infinities:

Varun Beverages Limited NSE Symbol:VBL, BSE Security Code:540180 has declared its 4th(fourth) quarter unaudited consolidated financial report from the month of October, 2020 to the month of December, 2020; for the fiscal year 2020-21.

Revenue Reported by Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 12 Months Ended (January, 2020 - December, 2020) Corresponding 12 Months Ended (January, 2019 - December, 2019)
1356.91 1842.99 1275.52 6592.76 7290.99
Calculated Revenue of Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 12 months Ended(January, 2020 - December, 2020) VS Corresponding 12 months Ended(January, 2019 - December, 2019)
Change Change % Change Change % Change Change %
486.08 26.37%(Revenue Decrease) 81.39 6.38%(Revenue Increase) 698.23 9.58%(Revenue Decrease)

Revenue: Varun Beverages Limited's financial report shows that the company's revenue decreased by 26.37% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for revenue decrease of Rs.486.08 crores, as the company posted revenue of Rs.1356.91 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported revenue of Rs.1842.99 crores.
The result also shows that the company's revenue increased by 6.38% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for revenue increase of Rs.81.39 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted revenue of Rs.1275.52 crores.
The company also reported that its revenue decreased by 9.58% in 12 months end(January, 2020 - December, 2020) for revenue decrease of Rs.698.23 crores, since the company reported revenue of Rs.6592.76 crores; in compare to corresponding 12 months end(January, 2019 - December. 2019) when the company posted revenue of Rs.7290.99 crores.

Gross Margin(%) Reported by Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 12 Months Ended (January, 2020 - December, 2020) Corresponding 12 Months Ended (January, 2019 - December, 2019)
55.57 58.93 45.00 57.32 51.62
Calculated Gross Margin(%) of Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 12 months Ended(January, 2020 - December, 2020) VS Corresponding 12 months Ended(January, 2019 - December, 2019)
Change Change % Change Change % Change Change %
3.35 5.69%(GM Decrease) 10.58 23.50%(GM Increase) 5.70 11.05%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 5.69% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for 3.35% GM decrease, as the company reported 55.57% GM; in compare to previous quarter(July, 2020 - September, 2020) when the company reported 58.93% GM.
The result also indicates, the company's GM increased by 23.50% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for 10.58% GM increase; in compare to corresponding quarter(October, 2019 - December, 2019) when the company reported 45.00% GM.
The company also reported that its GM increased by 11.05% in 12 months end(January, 2020 - December, 2020) for 5.70% GM increase, since the company reported 57.32% GM; in compare to corresponding 12 months end(January, 2019 - December. 2019) when the company reported 51.62% GM.

EBITDA Reported by Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 12 Months Ended (January, 2020 - December, 2020) Corresponding 12 Months Ended (January, 2019 - December, 2019)
177.80 384.26 151.75 1172.30 1494.55
Calculated EBITDA of Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 12 months Ended(January, 2020 - December, 2020) VS Corresponding 12 months Ended(January, 2019 - December, 2019)
Change Change % Change Change % Change Change %
206.46 53.73%(EBITDA Decrease) 26.05 17.17%(EBITDA Increase) 322.25 21.56%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA decreased by 53.73% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EBITDA decrease of Rs.206.46 crores, as the company posted EBITDA of Rs.177.80 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EBITDA of Rs.384.26 crores.
The result also shows that the company's EBITDA increased by 17.17% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EBITDA increase of Rs.26.05 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted EBITDA of Rs.151.75 crores.
The company also reported that its EBITDA decreased by 21.56% in 12 months end(January, 2020 - December, 2020) for EBITDA decrease of Rs.322.25 crores, since the company reported EBITDA of Rs.1172.30 crores; in compare to corresponding 12 months end(January, 2019 - December. 2019) when the company posted EBITDA of Rs.1494.55 crores.

Profit and Loss Reported by Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 12 Months Ended (January, 2020 - December, 2020) Corresponding 12 Months Ended (January, 2019 - December, 2019)
7.24(Loss ) 161.47(Profit ) 53.95(Loss ) 357.27(Profit ) 472.21(Profit )
Calculated Profit and Loss of Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 12 months Ended(January, 2020 - December, 2020) VS Corresponding 12 months Ended(January, 2019 - December, 2019)
Change Change % Change Change % Change Change %
168.71 104.48%(Loss Increase) 46.71 86.58%(Loss Decrease) 114.94 24.34%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's loss increased by 104.48% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for loss increase of Rs.168.71 crores, as the company posted loss of Rs.7.24 crores; in compare to previous quarter(July, 2020 - September, 2020) when the company reported profit of Rs.161.47 crores.
The result also shows that the company's loss decreased by 86.58% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for loss decrease of Rs.46.71 crores; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted loss of Rs.53.95 crores.
The company also reported that its profit decreased by 24.34% in 12 months end(January, 2020 - December, 2020) for profit decrease of Rs.114.94 crores, since the company reported profit of Rs.357.27 crores; in compare to corresponding 12 months end(January, 2019 - December. 2019) when the company posted profit of Rs.472.21 crores.

EPS Reported by Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current Quarter (October, 2020 - December, 2020) Previous Quarter (July, 2020 - September, 2020) Corresponding Quarter (October, 2019 - December, 2019) 12 Months Ended (January, 2020 - December, 2020) Corresponding 12 Months Ended (January, 2019 - December, 2019)
0.68(Negative) 5.30 2.05(Negative) 11.40 16.83
Calculated EPS of Varun Beverages Limited for Fourth Quarter FY, 2020-21
Current(December, 2020) VS Previous(September, 2020) Current(December, 2020) VS Corresponding(December, 2019) 12 months Ended(January, 2020 - December, 2020) VS Corresponding 12 months Ended(January, 2019 - December, 2019)
Change Change % Change Change % Change Change %
5.98 112.83%(EPS Decrease) 1.37 66.83%(EPS Increase) 5.43 32.26%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS decreased by 112.83% in QoQ(Quarter on Quarter) / current quarter(October, 2020 - December, 2020) for EPS decrease of Rs.5.98, as the company posted Negative EPS of Rs.0.68; in compare to previous quarter(July, 2020 - September, 2020) when the company reported EPS of Rs.5.30.
The result also shows that the company's EPS increased by 66.83% in YoY(Year over Year) / in current quarter(October, 2020 - December, 2020) for EPS increase of Rs.1.37; in compare to corresponding quarter(October, 2019 - December, 2019) when the company posted Negative EPS of Rs.2.05.
The company also reported that its EPS decreased by 32.26% in 12 months end(January, 2020 - December, 2020) for EPS decrease of Rs.5.43, since the company reported EPS of Rs.11.40; in compare to corresponding 12 months end(January, 2019 - December. 2019) when the company posted EPS of Rs.16.83.

Assets Reported by Varun Beverages Limited for Fourth Quarter FY, 2020-21
Details Non-current Assets Current Assets
Current Year Ended(December, 2020) Previous Year End(December, 2019) Current Year Ended(December, 2020) Previous Year End(December, 2019)
Reported 6657.81 6716.55 1799.68 1671.88
  Change Change % Change Change %
Calculated 58.74 0.87%(Assets Decrease) 127.80 7.64%(Assets Increase)

Assets:The company reported its non-current assets decreased by 0.87% in current year end(December, 2020) for non-current assets decrease of Rs.58.74 crores, since the company reported net non-current assets of Rs.6657.81 crores; in compare to previous year end(December, 2019) when the company reported net non-current assets of Rs.6716.55 crores.
The balance sheet of the company also shows that, its current assets increased by 7.64% in current year end(December, 2020) for current assets increase of Rs.127.80 crores, as the company reported net current assets of Rs.1799.68 crores; against previous year end(December, 2019) when the company reported net current assets of Rs.1671.88 crores.

Liabilities Reported by Varun Beverages Limited for Fourth Quarter FY, 2020-21
Details Non-current Liabilities Current Liabilities
Current Year Ended(December, 2020) Previous Year End(December, 2019) Current Year Ended(December, 2020) Previous Year End(December, 2019)
Reported 2434.64 2809.04 2434.95 2220.29
  Change Change % Change Change %
Calculated 374.40 13.33%(Liabilities Decrease) 214.66 9.67%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities decreased by 13.33% in current year end(December, 2020) for non-current liabilities decrease of Rs.374.40 crores, since the company reported net non-current liabilities of Rs.2434.64 crores; in compare to previous year end(December, 2019) when the company reported net non-current liabilities of Rs.2809.04 crores.
The balance sheet of the company also shows that, its current liabilities increased by 9.67% in current year end(December, 2020) for current liabilities increase of Rs.214.66 crores, as the company reported net current liabilities of Rs.2434.95 crores; against previous year end(December, 2019) when the company reported net current liabilities of Rs.2220.29 crores.

 


***All amounts are given in Crore Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.

 

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