Varun Beverages Q2 net profit rises 15.5% at Rs 1,521 crore, misses estimates; shares down 4%

Varun Beverages reported Q2 net profit of Rs 1,521 crore, a 15.5% rise year-on-year but below analyst estimates.

The company's shares fell 4% following the earnings announcement.

Revenue and other financial details were not disclosed in the report.

The result miss led to a negative market reaction.