Shares of Varun Beverages fell 6.46% to a 52-week low of ₹513.10 on the Bombay Stock Exchange (BSE) following the company's fourth-quarter results for 2024, which reported a net profit increase of 40.2% to ₹185 crore and revenue growth of 38.3% to ₹3,689 crore. Despite the positive growth figures, the company's stock price declined due to higher raw material costs impacting profitability. In related market activity, shares of Trent dropped 5% to ₹5,173.20, while Carraro India hit a new low, falling 19% to ₹352.85 after disappointing Q3FY25 earnings. Additionally, Swiggy's market capitalization fell below $10 billion, and Zomato's valuation dropped under $23 billion amid ongoing challenges in the quick commerce sector, resulting in a combined market cap loss of $10 billion for both companies.