VBL Varun Beverages Q3 FY25 results (Oct–Dec 2024) and concall
VBL concluded CY2024 on a strong note with 23.2% volume growth (11.4% India organic + SA/DRC inorganic), 30.5% EBITDA growth and margin expansion of 105bps to 23.5%. South Africa integration progressed well with 12.5% volume growth in year one. Rs 75,000 million QIP made the company net debt-free. Management remains confident of double-digit India growth despite rising competition from Campa/Reliance, emphasizing India's 4M/12M outlet underpenetration. CY2025 capacity additions of 20-25% plus 4 greenfield plants will drive further growth.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 4,805 | 3,689 |
| EBITDA | 1,151 | 579 |
| Net profit | 629 | 196 |
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.





