India's Varun Beverages rises on Q2 profit beat
** Shares of Pepsi India bottler Varun Beverages VARB.NS rise 2%
** Co top gainer in consumer index .NIFTYFMCG, which is down 0.3%
** VARB posts consolidated net profit of 6.2 bln rupees in September quarter, higher than the analysts' estimate of 5.76 bln rupees
** Profit rise aided by healthy demand for soda in international markets, which outweighed a monsoon-hit domestic market
** VARB's revenue from operations rises 25% Y/Y to nearly 50 bln rupees
** Shares of VARB up 19.1% in 2024 so far, outperforming the 5.4% rise in the consumer index - LSEG data
Reporting by Bharath Rajeswaran in Bengaluru
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