Varun Beverages Earnings Call Transcript: Key Takeaways
VBL delivered strong 33.2% revenue growth, but high packaging costs pressured gross margins.
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VBL delivered strong 33.2% revenue growth, but high packaging costs pressured gross margins.
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 reported strong Q2 CY26 results with 20.4% revenue growth, driven by volume surges in India and South Africa despite unseasonal April rains.
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.