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Varun Beverages on Monday reported a consolidated net profit of Rs 548 crore, rising 25% year-on-year (YoY) for the quarter ended March 31, 2024, as compared to Rs 439 crore reported in the year-ago period.The revenue from operations for the reported quarter stood at Rs 4,398 crore which was up by 11.2% YoY over Rs 3952.60 crore reported by the company in the corresponding quarter of the last financial year.The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the quarter under review rose 24% YoY to Rs 989 crore.Total sales volume grew by 7.2% to 24 crore cases in Q1 CY2024 from 22.41 crore cases in Q1 CY2023 and the company managed to grow its presence in the India territory by 4.4% and international markets by 21.9% in the reported quarter despite delay in the Holi festival by 17 days resulting in delayed seasonality cycle, the company filing said.EBITDA margin improved by 240 bps to 22.9% in Q1 CY2024, led by higher gross margins and increased realization. This improvement is despite the rise in fixed costs associated with the acquisition of new territories and commissioning of new greenfield plants for the season, the company filing said.The company's gross margins improved by 385 bps to 56.3% Q1 CY2024 from 52.4% in Q1CY2023 primarily due to reduced PET prices as well as the focus on reducing sugar content and light-weighting of packaging. Approximately 46% of our consolidated sales volumes come from low sugar/No sugar products.Net realisation per case increased by 3.5% in Q1 CY2024 to Rs 179.7 on account of improving product mix in India and higher contribution of international markets which have higher realisation per case. The earnings were announced during market hours and the stock was trading down by Rs 5.15 or 0.35% on the NSE at Rs 1,458.15 around 12:40 pm.Varun Beverages own one of the largest franchisees of PepsiCo in the world outside USA and 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.

Cipla shares surged 6.4% to Rs 1,425 in Monday's trade on BSE after the firm reported a net profit of Rs 939 crore for the quarter ended March 2024. The profit surged 79% from Rs 525 crore posted in the last-year period.Its revenue from operations increased 7% year-on-year (YoY) to Rs 6,163 crore in the March quarter.Meanwhile, EBITDA for the quarter under review increased 13% YoY to Rs 1,316 crore as against 1166 crore in the last year period.Also Read: Tata Motors shares fall 7% on downgrades after Q4 resultsThe company's board has also recommended a payment of final dividend of Rs 13 per equity share for the financial year ended March 2024.Should you buy or sell Cipla's stock? Here's what analysts say:Kotak Institutional EquitiesKotak Institutional Equities retained its 'Add' rating on Cipla with a target price of Rs 1,550 (Rs 1,545 earlier)."In a seasonally weak quarter, Cipla delivered a steady performance with 12% YoY EBITDA growth. Armed with a healthy growth outlook despite the regulatory hurdles, Cipla has guided for a robust 24.5-25.5% EBITDA margin in FY2025E (KIE: 24.5%)," Kotak said."Cipla’s key launch pipeline is largely on track with delayed reinspection of the Goa facility by the US FDA being a risk. Apart from the US, the outlook in India and the SA private market stays upbeat. We expect Cipla to report a robust 16% ex-gRevlimid EPS CAGR over FY2024-27E," it said.Motilal OswalMotilal Oswal reiterated its 'Buy' call on Cipla with a target price of Rs 1,600."While g-Revlimid contributed meaningfully to overall earnings for FY24, we expect a 12% earnings CAGR over FY24-26. This would be largely driven by: commercialization of complex assets in the US and outperformance of chronic therapies in the DF segment, a transformed operating model in trade generics, and sustained growth in the consumer healthcare segment," it said.Prabhudas LilladherPrabhudas Lilladher reiterated its 'Accumulate' call on Cipla with a target price of Rs 1,405."We continue to remain positive on key segments growth including India & US given strong traction in respiratory & other portfolios, potential +10% growth in domestic formulations, and sustainability of current US revs," it said.InCred EquitiesInCred Equities maintained its 'Hold' rating on Cipla with a target price of Rs 1,479."We expect FY25F to be a moderate year for Cipla, with key launches pushed back to FY26F, and expect the stock to be range-bound in the medium term. Our FY25F/26F earnings are reset by +1%/+4%, respectively, factoring in higher margins," it said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

The Central Board of Secondary Education (CBSE) has announced the class 12 board results today. Earlier there were expectations that it may announce the result after May 20. However, cbse.gov.in released the result today. Students can check the CBSE board results on cbse.gov.in. Additionally, CBSE Class 12 results will be accessible through the Umang mobile app, DigiLocker, and the IVRS system.Last year, the CBSE results were declared on May 12th.This year, approximately 39 lakh students took part in the CBSE Class 10th and 12th exams. The Class 10th exams were conducted from February 15th to March 13th, while the Class 12th exams commenced on February 15th and concluded on April 2nd, 2024.18417 schools gave the CBSE class XII examinations at 7126 centres. This year the overall pass percentage is 87.98 a 0.65 percent increase since 2023. The Trivandrum region registered the highest pass percentage at 99.91 per centIn the overall Delhi region, a 94.9 per cent pass percentage was recorded. 91.52% of Girls passed the exam whereas 85.12% of boys passed the exam with the Girls outshining boys by 6.40%.Following the announcement of results, students have the opportunity to check their scores online through the official CBSE website. The website offers a user-friendly interface, enabling students to easily and promptly access their results. To view their results, students need to provide their roll number, date of birth, and other required information.The Central Board of Secondary Education (CBSE) has announced that students dissatisfied with their exam results can verify their marks, obtain photocopies of their answer books, and request re-evaluation. It's important to adhere to the specified timelines for these procedures, as late requests or offline submissions will not be entertained due to examination safety.Also Read: CBSE Class 12 Toppers List 2024: Check toppers' names, districts, marks, rank list and other details hereCBSE class 12 results: Girls vs boys passing percentageGirls outshine boys by over 6.40 percentage points; over 91 per cent girls pass exams. 87.98 pc students pass board exams, pass percentage up by 0.65 since last year.— ANI (@ANI) How to check CBSE Class 10, 12 results onlineTo check the results, go to the official CBSE results website.Choose your preferred Class (either 10th or 12th) from the available options.Add your roll number and date of birth into the specified fields.Click on the "Submit' button.The results of your CBSE Class 10th or 12th will appear on the screen, showing information such as your name, marks achieved in individual subjects, and overall grade.You have the option to download a copy of your results for future reference.