| Revenue growth | 18.1% YoY revenue growth to ₹65,742 million. |
|---|---|
| Margins | Gross margins up 62 bps to 55.2% due to stocking. |
| Demand visibility | Strong seasonal visibility; management bullish on double-digit market growth. |
| Management confidence | Extremely confident, emphasizing operational efficiencies and cost-cutting measures. |
Growth
16.3% volume growth overall; 14.4% in India and 21.4% internationally, showing strong execution and scale.
Outlook
Ongoing expansion in South Africa via Twizza and Crikley acquisitions; capex remains low at ₹500-600cr.
Risks
Rising crude-linked packaging (PET) costs and potential supply chain disruptions from geopolitical tensions remain key headwinds.
Earnings Call filed with NSE, NSE: VBL. Summary written with AI assistance from the document.
Varun Beverages Ltd: key numbers
- Share price
- ₹439.30
- Market cap
- ₹1,48,593 Cr
- Revenue (annual)
- ₹21,685 Cr
- Net profit (annual)
- ₹3,036 Cr
- P/E (TTM)
- 43.9×Sector 28.6×
- Promoter holding
- 59.43%-0.01% QoQ
- FII holding
- 19.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Varun Beverages Ltd
All →Varun Beverages Management Change
Varun Beverages Limited announced the resignation of Mr. Manmohan Rupal Paul from his position as Chief Operating Officer, effective September 24, 2026.
Varun Beverages Capacity Expansion
VBL's Zimbabwe subsidiary signed an exclusive Mondelez confectionery distribution deal effective October 2026. No new capex is planned, leveraging the existing distribution network.
Varun Beverages Business Update
Varun Beverages' Kenyan subsidiary launched two new brands, BOLT UP (energy drink) and XTREME FIZZ (soft drink), to expand its market presence in Africa.
Varun Beverages Employee Stock Options
Varun Beverages allotted 29,750 equity shares to employees upon exercise of vested ESOP 2016 options. Paid-up capital increased to 338,24,94,644 shares.
Varun Beverages Merger & Restructuring
Varun Beverages Limited has incorporated a new wholly-owned subsidiary in India named KIVA Spirits and Company Limited. This follows the board's prior approval on August 25, 2026.
Varun Beverages Merger & Restructuring Worth ₹29.3 Cr
Varun Beverages will incorporate a joint venture in Tunisia to produce and distribute beverages. The company will hold a 75% stake for a cash consideration.
- Value
- ₹29.30 Cr