ALFA Finder| Revenue growth | 20.4% YoY growth driven by volume and international expansion. |
|---|---|
| Margins | EBITDA margins slightly compressed due to lower-margin South Africa consolidation. |
| Demand visibility | Strong seasonal demand recovery post-April; high double-digit growth continues. |
| Management confidence | High; dismissive of competitive threats from entry-level pricing. |
Growth
Revenue grew 20.4%; EBITDA rose 17.2%. India volumes up 14.4% and international up 38.4% including Tuso.
Outlook
Ongoing expansion in Kenya and South Africa with focus on high-growth dairy and energy drink segments.
Risks
Integration of lower-margin Tuso business, rising raw material costs, and intense competition from newer players like Campa.
Last quarter's promises, checked
Delivered
- India volume growth double-digits → delivered 14.4% (= BEAT)
- International volume growth double-digits → delivered 38.4% (= BEAT)
- Consolidated volume growth double-digits → delivered 19.8% (= BEAT)
Partly delivered
- India Capex ₹5,000-6,000M for year → ₹9,500M capitalized in Q2 (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: VBL. Summary written with AI assistance from the document.
Varun Beverages Ltd: key numbers
- Share price
- ₹436.00
- Market cap
- ₹1,47,477 Cr
- Revenue (annual)
- ₹21,685 Cr
- Net profit (annual)
- ₹3,036 Cr
- P/E (TTM)
- 42.5×Sector 29.0×
- 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 Earnings Call Transcript: Key Takeaways
VBL delivered strong 33.2% revenue growth, but high packaging costs pressured gross margins.
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 Investor Presentation: Key Takeaways
Q3 CY26 (Jul-Sep 2026): net revenue Rs 66,076mn (+33.2%), EBITDA Rs 14,267mn (+25.1%, 21.6% margin), PAT Rs 8,306mn (+13.5%). Volumes +28.7%. Growth-led quarter with gross margin pressure.
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.