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Varun Beverages reported a 33.45% YoY rise in Q4 net profit to Rs 731.3 crore, with revenue up 29% to Rs 5,680 crore. Volume growth, especially in India and South Africa, drove performance. The company also declared a Rs 0.50 interim dividend.
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The move to increase staff numbers comes as the coffee shop giant continues to see sales fall.
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The slowdown in the market was expected due to the lowering of thresholds at which buyers need to start paying stamp duty at.
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