Varun Beverages slips 4% as packaging costs squeeze Q3 margins
The PepsiCo bottler's revenue grew 33% and profit 13.5%, but its operating margin fell to 21.6% on costlier preforms, films and cans.
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Varun Beverages' Q3 profit rose 13.5% to ₹830.59 crore, and revenue 33.2% to ₹6,607.56 crore.
Its EBITDA margin fell 140 basis points to 21.6% as packaging costs rose.
Shares fell as much as 4.39% to ₹396.55 on Friday.