| Revenue growth | Net revenue +33.2% YoY to Rs 66,076mn |
|---|---|
| Margins | Gross margin -334bps; EBITDA margin 21.6%, -140bps |
| Demand visibility | India volume growth sustained since May |
| Management confidence | Upbeat tone; no numeric guidance |
Growth
Net revenue +33.2% YoY to Rs 66,076mn, driven by volumes +28.7% (India +22.5%, international +39.9%). Realization per case +2.2%. 9M PAT +15.5% to Rs 32,023mn.
Outlook
No numeric guidance given. Interim dividend Rs 0.50/share (~Rs 1,691mn). Twizza-Bevco merger effective 1 Aug 2026 with synergies expected. KIVA Spirits set up for RTD/alcohol.
Risks
Packaging costs from geopolitical issues cut gross margin 334bps to 53.1%. Sugar prices up ~16%. Low-margin non-beverage sales +72%. D&A +34.5% and finance costs +53.5% from Twizza debt.
Investor Presentation filed with NSE, NSE: VBL. Summary written with AI assistance from the document.
Varun Beverages Ltd: key numbers
- Share price
- ₹402.15
- Market cap
- ₹1,36,027 Cr
- Revenue (annual)
- ₹21,685 Cr
- Net profit (annual)
- ₹3,036 Cr
- P/E (TTM)
- 39.2×Sector 27.1×
- Promoter holding
- 59.43%+0.00% QoQ
- FII holding
- 17.53%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 Dividend
Varun Beverages declared a ₹0.50 per share 3rd interim dividend for FY2026. Record date is November 5, 2026, with payment from November 7, 2026.
Varun Beverages Results Update
Varun Beverages reported Q3 CY2026 revenue of ₹6,607.6 Cr (up 33.2% YoY) and PAT of ₹830.6 Cr. Board approved an interim dividend of ₹0.50 per share.
Varun Beverages Q2 FY27 Results: Net Profit ₹830.6 Cr, Up 13.5% YoY
Varun Beverages Ltd reported revenue from operations of ₹6,816 Cr (+33.3% YoY) and net profit of ₹830.6 Cr (+13.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹830.6 Cr · +13.5% YoY
Varun Beverages Board Meeting Date
Varun Beverages meets on 30 October 2026 to consider quarterly results and a third interim dividend. Trading window stays closed till 1 November 2026.
Varun Beverages Other Announcement
Varun Beverages Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI regulatory requirements.
Varun Beverages Acquisition Worth ₹4.1 Cr
Varun Beverages approved a Rs. 4.10 Crore investment for 26% equity in Jager Renewables. The solar SPV will supply captive power to VBL's Uttar Pradesh facilities.
- Value
- ₹4.10 Cr
- Execution
- On or before October 6, 2027