VBL

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, PepsiCo's key bottling partner in India, fell as much as 4.7% on Friday to hit a 52-week low of ₹488.60. The stock is down nearly 12% in the past month and 13% in the last year. Earlier this week, Varun Beverages reported a 36% year-on-year increase in net profit to ₹196 crore for the December 2024 quarter (Q3FY25). Total revenue stood at ₹3,689 crore during the period, up 38% compared with the year-ago quarter. Varun Beverages also recommended a final dividend of ₹0.5 per equity share for the year ended December 2024. The slowdown in the company’s international business, especially in the African region, and higher valuation seem to have put the company’s shares under pressure, leading to a 52-week low after the result announcement