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Varun Beverages Limited (VBL), a key player in beverage industry and one of the largest franchisee of PepsiCo in the world, said on Wednesday its revenue from operations moved up to Rs 804 crore during October to December 2018 compared to Rs 543 crore in the same quarter of previous year.
However, total expenses also moved up to Rs 904 crore from Rs 661 crore in the same period. As a result, the net loss was Rs 70.8 crore in Q3 of 2018-19 compared to Rs 72.1 crore in the year-on-year period.
The company produces and distributes a wide range of carbonated soft drinks (CSDs) as well as a large selection of non-carbonated beverages (NCBs) including packaged drinking water sold under trademarks owned by PepsiCo.
PepsiCo CSD brands produced and sold by VBL include Pepsi Diet Pepsi Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Sting and Evervess. PepsiCo NCB brands produced and sold by the Company include Tropicana Slice, Tropicana Frutz, Tropicana Juices (100%, Delight, Essentials), Nimbooz as well as packaged drinking water under the brand Aquafina.