| 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
- ₹434.80
- Market cap
- ₹1,47,071 Cr
- Revenue (annual)
- ₹21,685 Cr
- Net profit (annual)
- ₹3,036 Cr
- P/E (TTM)
- 43.4×Sector 29.0×
- 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 Earnings Call Transcript: Key Takeaways
Varun Beverages reported strong Q2 CY26 results with 20.4% revenue growth, driven by volume surges in India and South Africa despite unseasonal April rains.
Varun Beverages Investor Presentation: Key Takeaways
VBL reported strong Q2 CY2026 performance with 20.4% net revenue growth and 17.2% EBITDA growth. Key developments include extending the PepsiCo India agreement to 2049 and acquiring DFIKL in Kenya.