VBL reported a revenue growth of 29 per cent year-on-year (Y-o-Y) in the April-June quarter (Q2) of CY24, (the company has a January-December financial year) while volume growth was up 28 per cent Y-o-Y.
This was because of domestic volume growth of 23 per cent due to higher capacity and the heat wave. But international volume was flat with a transition to zero-sugar in Zimbabwe responsible for the poor results. Realisation was flat Y-o-Y at ₹179 per case.
Guidance is for double-digit volume growth in the domestic market going forward, while the international market (mainly Zimbabwe) would rebound to healthy volume growth from Q3CY24. Cost optimisation and operating leverage may boost earnings growth.
Denne historien er fra August 01, 2024-utgaven av Business Standard.
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Denne historien er fra August 01, 2024-utgaven av Business Standard.
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