Varun Beverages Q2 net profit rises 25% to Rs 307 cr
The company, which follows calendar year as its financial year, had posted a net profit of Rs 245.58 crore during the same period previous fiscal.
The company said consequent to the introduction of the Goods and Service Tax (GST) Act with effect from July 1, 2017, central excise, value-added tax (VAT), and some other indirect taxes have been subsumed into GST.
"Accordingly, the figures for the quarter ended June 30, 2018, is not strictly comparable to other periods presented which were gross of excise duty," it added.
Meanwhile, the company's Board has recommended an interim dividend of Rs 2.5 per share.
The company's stock was trading 2.23 per cent lower at Rs 744.55 apiece on BSE.
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