VBL Varun Beverages Q1 FY26 results (Apr–Jun 2025) and concall
Varun Beverages faced a challenging Q2 with peak summer season disrupted by abnormally early and heavy monsoon rainfall, causing 7.1% India volume decline. However, management demonstrated operational resilience with margin expansion to 28.5% through cost optimization (distributor consolidation, logistics efficiency, renewable energy). International markets grew 15.1% led by South Africa at 16.1%. With 4 new greenfield plants operational and ~70% capacity utilization, the company has significant operating leverage for when volumes recover.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 4,805 | 3,689 | 5,567 | 7,017 |
| EBITDA | 1,151 | 579 | 1,263 | 1,998 |
| Net profit | 629 | 196 | 731 | 1,325 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
