Varun Beverages Q1 FY27 results (Apr–Jun 2026) and concall

Fast Moving Consumer Goods · Concall AI · Call held 28 Jul 2026

Company page: Varun Beverages share price, financials & guidance record

Varun Beverages Limited reported a strong Q2 CY2026, with consolidated sales volume up 19.8% and net revenue increasing by 20.4%. EBITDA grew 17.2% to Rs. 23,430.4 million, and PAT rose 15.1% to Rs. 15,253.6 million. While EBITDA margins saw a slight compression due to the Twizza acquisition, the company demonstrated robust growth in India and international markets, supported by strategic expansions and a diversified product portfolio, maintaining a net debt-free position in India.

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What they filed

Q1 FY27: revenue up 20.4%, net profit up 15.1% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	4,805	3,689	5,567	7,017	4,897 +2%	4,204 +14%	6,574 +18%	8,451 +20%
Expenses	3,654	3,110	4,304	5,020	3,751	3,568	5,049	6,112
EBITDA	1,151	579	1,263	1,998	1,146 −0%	637 +10%	1,525 +21%	2,339 +17%
Margin	24%	16%	23%	28%	23%	15%	23%	28%
Other income	24	45	28	77	148	99	44	104
Interest	119	109	41	37	45	47	49	57
Depreciation	257	261	273	306	308	330	357	409
Profit before tax	800	254	978	1,732	941 +18%	359 +41%	1,163 +19%	1,977 +14%
Tax rate	21%	23%	25%	23%	21%	28%	24%	23%
Net profit	629	196	731	1,325	745 +18%	260 +33%	879 +20%	1,525 +15%
EPS	1.91	0.55	2.15	3.89	2.19	0.74	2.58	4.50

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.

What they filed

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