New Delhi, Feb. 11 -- Pepsi India bottler Varun Beverages saw its shares tumble 7% in intraday trade on Tuesday, February 11, hitting a 12-month low of Rs.511.15 apiece after the company's operating expenses rose sharply during the December quarter. Today marks the fourth consecutive day of decline for the stock.

Despite strong volume growth during the reporting quarter, driven primarily by volume additions from South Africa and the Democratic Republic of Congo (DRC), the rise in raw material costs has impacted the company's bottom line numbers.

Furthermore, a 48% year-on-year (YoY) jump in finance costs and a 57% rise in depreciation and amortisation expenses-due to the BevCo acquisition and new facilities-pushed operating expenses to ...