Varun Beverages Live Share Price Today, Share Analysis and Chart

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, link of audio recording of Investors & Analysts Conference Call held on October 30, 2026 (post declaration of Unaudited Financial Results of the Company for the Quarter and Nine Months ended September 30, 2026) is given in the enclosed intimation.

Conference Call with Varun Beverages Management and Analysts on Q3CY26 Performance and Outlook. Listen to the full earnings transcript.

Food & Beverages company Varun Beverages announced Q3CY26 results Consolidated Financial Highlights: Revenue from operations: For Q3CY26, revenue from operations stood at Rs 68,155.86 million, representing a QoQ drop of 22.06% from Rs 87,447.38 million in Q2CY26 and a YoY increase of 33.31% from Rs 51,124.38 million in Q3CY25. For 9MCY26, revenue from operations reached Rs 223,712.41 million, indicating a YoY growth of 23.59% from Rs 181,011.15 million in 9MCY25. Total income: For Q3CY26, total income stood at Rs 69,354.48 million, down 21.63% QoQ from Rs 88,495.91 million in Q2CY26 but up 31.85% YoY from Rs 52,600.01 million in Q3CY25. For 9MCY26, total income reached Rs 226,403.12 million, registering a YoY increase of 23.35% compared to Rs 183,541.48 million in 9MCY25. Profit before tax (PBT): For Q3CY26, PBT was Rs 10,526.16 million, down 46.34% QoQ from Rs 19,614.90 million in Q2CY26 but up 13.52% YoY from Rs 9,272.29 million in Q3CY25. For 9MCY26, PBT grew YoY by 14.91% to Rs 41,606.20 million from Rs 36,208.45 million in 9MCY25. Net profit after tax (PAT): For Q3CY26, PAT stood at Rs 8,305.92 million, decreasing 44.98% QoQ from Rs 15,096.68 million in Q2CY26 and rising 13.54% YoY from Rs 7,315.10 million in Q3CY25. For 9MCY26, PAT was Rs 32,022.98 million, showcasing a YoY expansion of 15.52% against Rs 27,721.20 million in 9MCY25. Earnings per share (EPS): For Q3CY26, basic and diluted EPS was Rs 2.45, down 44.94% QoQ from Rs 4.45 in Q2CY26 but up 13.95% YoY from Rs 2.15 in Q3CY25. For 9MCY26, basic EPS reached Rs 9.43, higher by 15.71% YoY from Rs 8.15 in 9MCY25. Standalone Financial Highlights: Revenue from operations: For Q3CY26, revenue from operations was Rs 38,224.47 million, registering a decline of 36.25% QoQ from Rs 59,962.08 million in Q2CY26 and a YoY increase of 24.75% from Rs 30,639.83 million in Q3CY25. For 9MCY26, standalone revenue from operations reached Rs 143,192.09 million, growing 15.28% YoY from Rs 124,215.32 million in 9MCY25. Total income: For Q3CY26, total income stood at Rs 39,659.42 million, lower by 34.99% QoQ from Rs 61,006.00 million in Q2CY26 and higher by 23.41% YoY from Rs 32,136.76 million in Q3CY25. For 9MCY26, total income reached Rs 146,414.18 million, up 15.10% YoY compared to Rs 127,210.38 million in 9MCY25. Profit before tax (PBT): For Q3CY26, PBT stood at Rs 8,517.89 million, sliding 51.47% QoQ from Rs 17,551.21 million in Q2CY26 but up 12.59% YoY from Rs 7,565.25 million in Q3CY25. For 9MCY26, PBT reached Rs 36,503.47 million, increasing 14.02% YoY from Rs 32,015.38 million in 9MCY25. Net profit after tax (PAT): For Q3CY26, PAT was Rs 6,585.32 million, down 50.27% QoQ from Rs 13,243.32 million in Q2CY26 and up 14.05% YoY from Rs 5,774.03 million in Q3CY25. For 9MCY26, PAT reached Rs 27,707.71 million, showing a YoY growth of 14.70% from Rs 24,156.24 million in 9MCY25. Earnings per share (EPS): For Q3CY26, basic and diluted EPS was Rs 1.19. Wait, let's verify the text: basic and diluted EPS for Q3CY26 is Rs 1.95, down 50.26% QoQ from Rs 3.92 in Q2CY26 and up 14.04% YoY from Rs 1.71 in Q3CY25. For 9MCY26, basic and diluted EPS stood at Rs 8.19, rising 14.71% YoY from Rs 7.14 in 9MCY25. Varun Jaipuria, Executive Vice Chairman, Varun Beverages, said: “We are pleased to report a strong performance in the third quarter of CY26. Consolidated sales volumes grew by 28.7%, with volume growth of 22.5% in India and 39.9% in international territories. Revenue from operations increased by 33.2% YoY to Rs 66,075.6 million, while EBITDA grew by 25.1% to Rs 14,267.1 million. Higher packaging costs weighed on margins during the quarter, although improved realizations and operating leverage from strong volume growth helped partially offset these pressures. In India, we continued to witness healthy volume growth during the quarter, extending the positive trend seen since May. This performance was supported by our extensive distribution network, expanded manufacturing capacities, and ongoing investments in chilling infrastructure. We also saw improved realizations, supported by growth in higher-value categories such as dairy beverages and the introduction of premium offerings, including ‘Ad Rush’ and the ‘Evervess’ mixers range. Our international business continued to make strong progress during the quarter, with Africa remaining a key continent for expansion. With effect from 01 August 2026, the merger of Twizza with BevCo has been completed, and we expect to unlock significant operational synergies in the coming quarters. During the quarter, we have also started beverage operations in Kenya and introduced two new beverage brands ‘BOLT UP’ and ‘XTREME FIZZ’, marking another step towards strengthening our footprint in the fast-growing Africa region. We also entered into an exclusive distribution agreement with Mondelez in Zimbabwe, further broadening our product offerings in the market. We are also taking measured steps towards diversifying our business into adjacent categories. The incorporation of KIVA Spirits and Company Limited marks an important step in exploring opportunities in ready-to-drink beverages, alcoholic beverages, and allied products. Our approach will remain focused on pursuing opportunities that leverage our execution capabilities and offer attractive long-term growth potential. In line with our dividend policy, the Board of Directors has approved an interim dividend of 25% of the face value, i.e., Rs. 0.50 per share, resulting in a total cash outflow of ~Rs 1,691 million. Looking ahead, our focus will remain on driving growth across our existing markets, supported by the investments we have made over recent years. Alongside this, we will selectively pursue opportunities to broaden our business, while maintaining a clear emphasis on profitability and long-term value creation.” Result PDF

Press Release

Presentation on Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Nine Months ended 30 September 2026