Varun Beverages Ltd Quarterly Results

Q2 FY26-27 Results Summary

Revenue

The revenue stands at ₹6,607.56 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 22.67 per cent from ₹8,544.52 crore. This corresponds to a year-on-year *(YoY) growth of 33.20 per cent.

Operating Profit

Operating Profit stands at ₹1,424.43 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 38.81 per cent from ₹2,328.00 crore. This corresponds to a year-on-year *(YoY) growth of 25.09 per cent.

PBDT

PBDT stands at ₹1,472.59 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 37.98 per cent from ₹2,374.20 crore. This corresponds to a year-on-year *(YoY) growth of 18.80 per cent.

Profit Before Tax

Profit Before Tax stands at ₹1,052.61 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 46.34 per cent from ₹1,961.49 crore. This corresponds to a year-on-year *(YoY) growth of 13.52 per cent.

Net Profit

Net Profit stands at ₹830.59 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 44.98 per cent from ₹1,509.67 crore. This represents a 13.54 per cent year-on-year *(YoY) growth for the same year.

  • YoY compares a quarter to the same period last year, and QoQ compares it to the previous quarter.

Varun Beverages Ltd Earnings

CategoryQ2 FY26-27Q2 FY25-26Change %FY24-25FY23-24Change %
Total Revenue6,607.564,960.6933.2021,967.5620,007.659.80
Expenses5,183.133,821.9635.6116,940.6215,298.0610.74
Other Income119.86147.56-18.77352.08121.27190.33
Operating Profit1,424.431,138.7325.095,379.024,830.8611.35
Depreciation419.98312.3634.451,237.28947.3930.60
Interest71.6946.7153.48175.68450.39-60.99
Profit Before Tax1,052.61927.2313.523,966.063,433.0915.52
Tax222.02195.7213.44840.60750.7311.97
Net Profit830.59731.5113.543,018.452,634.2914.58
CategoryQ2 FY26-27Q1 FY26-27Change %
Total Revenue6,607.568,544.52-22.67
Expenses5,183.136,216.52-16.62
Other Income119.86104.8514.32
Operating Profit1,424.432,328.00-38.81
Depreciation419.98412.711.76
Interest71.6958.6522.23
Profit Before Tax1,052.611,961.49-46.34
Tax222.02451.82-50.86
Net Profit830.591,509.67-44.98

Varun Beverages Ltd Research Reports

ActionTarget Price (₹)BrokerDateReports
Buy 620Emkay Global28-Apr-2026
Buy 600Motilal Oswal28-Apr-2026
Buy 560Elara Capital28-Apr-2026
Buy 501Ambit Capital01-Apr-2026
Buy 550Motilal Oswal18-Mar-2026

Varun Beverages Ltd Financial Reports

Data not available.

Varun Beverages Ltd Stock Prices Compare with Peers

Company1 Day1 Week1 Month3 Months6 Month1 Year
Varun Beverages-4.53%-5.61%-10.06%-10.81%-22.02%-16.78%
Hind. Unilever0.38%2.42%1.30%-12.08%-19.27%-22.98%
ITC0.74%2.15%-1.10%-7.23%-14.60%-35.84%
Nestle India-1.68%-0.51%-9.88%-22.87%-19.70%-7.75%
Lenskart Solut.-0.09%1.33%-1.95%19.43%31.52%68.16%
Britannia Inds.-1.45%1.32%-3.35%-14.87%-20.21%-20.64%
Marico-0.16%3.90%1.28%-8.54%2.08%11.01%

Varun Beverages Ltd Corporate Information

Chairman & Non Executive Dir.: RAVI KANT JAIPURIA
Vice Chairman & Executive Dire: Varun Jaipuria
E D & Wholetime Director: RAJ PAL GANDHI
E D & Wholetime Director: Rajinder Jeet Singh Bagga
Non-Exec & Non-Independent Dir: Naresh Kumar Trehan
Independent Non Exe. Director: RAVI GUPTA
Independent Non Exe. Director: Rashmi Dhariwal
Independent Non Exe. Director: Sita Khosla
Independent Non Exe. Director: Abhiram Seth
Independent Non Exe. Director: Anil Kumar Sondhi
Company Secretary / Chief Risk Officer: Ravi Batra

Varun Beverages Ltd News

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Consolidated sales volume grew 19.8 per cent to 466.7 million cases, while EBITDA margin narrowed 76 basis points to 27.7 per cent after Twizza consolidation

Updated On: 28 Jul 2026 | 12:50 PM IST

Q1 results: L&T, HUL, Pfizer, Varun Beverages, and 70 more on July 28

Q1FY27 company results: Firms including Ambuja Cements, Suzlon Energy, Birlasoft, Tata Capital, Cholamandalam Investment and Finance, and Pine Labs are also to release their April-June earnings today

Updated On: 28 Jul 2026 | 9:39 AM IST

Stocks to Watch today: Trent, Titan, Power Grid, Cochin Shipyard, TVS Motor

Stocks to watch today: Power Grid, Sterlite Technologies, ZEN Technologies, TVS Motor Company, Varun Beverages, Torrent Pharma, Cochin Shipyard, Titan, Trent, among others, will be in focus today

Updated On: 07 Jul 2026 | 8:11 AM IST

New categories, India growth to drive Varun Beverages' revenue trajectory

Asahi tie-up, India growth, Africa expansion and new categories such as dairy, energy drinks and snacks are expected to diversify Varun Beverages' revenues and support long-term growth

Updated On: 26 Jun 2026 | 7:52 PM IST

DIIs raised stake in these 34 stocks for 8 consecutive quarters; full list

Domestic Institutional Investors have increased stake in 34 Nifty 500 stocks such as - Adani Power, Paytm and Eternal among others - quarter-after-quarter after March 2024, shows shareholding data.

Updated On: 15 Jun 2026 | 7:14 AM IST

Analyst shares Nifty strategy; recommends Apollo Hospitals, Federal Bank

Stocks to buy today: Ajit Mishra of Religare Broking has recommended buying three stocks today - Apollo Hospitals, Federal Bank, and Varun Beverages.

Updated On: 04 Jun 2026 | 7:57 AM IST

Adani Ent, Bajaj Auto, Voda Idea, 16 more BSE 500 stocks hit 52-week highs

Hindalco, KEI Industries, Polycab, Apollo Hospital, Anand Rathi Wealth, GE Vernova T&D, Manappuram Finance, Navin Flurochemicals, Torrent Pharma and J B Chemicals hit fresh life-time highs on Monday.

Updated On: 25 May 2026 | 2:51 PM IST

Manappuram, VBL among 3 stock picks for up to 17% upside: Axis Securities

Axis Securities in its weekly technical outlook and stock picks forecasts up to 17% upside in Varun Beverages, Manappuram Finance and Endurance Technologies.

Updated On: 25 May 2026 | 2:43 PM IST

Varun Beverages hits 52-week high, gains 3% on PepsiCo deal extension

Despite potential war-driven inflation, the company remains well-positioned to protect profitability, with structural growth drivers intact, say analysts.

Updated On: 22 May 2026 | 1:04 PM IST

Further consolidation ahead for Nifty? Here's today's outlook and top picks

Ajit Mishra of Religare Broking has recommended buying the shares of Apollo Hospitals, Manappuram Finance, and Varun Beverages today

Updated On: 21 May 2026 | 7:32 AM IST
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