News

Varun Beverages Q1 results: Pepsico’s bottling partner Varun Beverages, on Monday, April 27 announced their results for the quarter ended March 2026, wherein the company reported a consolidated net profit of ₹872.3 crore, which is up by 20% YoY. Meanwhile, the revenue from operations rose by 18.3% YoY.

The company’s revenue from operations stood at ₹6,721 crore, up from ₹5,680 crore reported in the corresponding quarter of the previous financial year.

The firm has also announced an interim dividend of ₹0.50 per share, fixing Friday, May 1 as the record date for determining the shareholder eligibility.

For the quarter ended March, Varun Beverages revenue (ex-excise) rose 18% year-on-year to ₹6,574 crore. EBITDA increased 21% to ₹1,528.7 crore compared to ₹1,264 crore in the year-ago period, indicating strong operating leverage.

Margins also expanded, with EBITDA margin improving to 22.8% from 21.6% last year. On an ex-excise basis, margins stood at 23.2%, up from 22.7%.

Ravi Jaipuria, Chairman of Varun Beverages, said the company delivered a strong performance in Q1 CY2026, supported by healthy demand and disciplined execution across markets. Consolidated sales volumes grew 16.3%, driven by a 14.4% increase in India and 21.4% growth in international markets. Revenue rose 18.1% year-on-year to ₹6,574 crore, while EBITDA climbed 21% to ₹1,529 crore.

In India, demand remained robust, aided by an extensive distribution network, improved execution, and ongoing investments in capacity and chilling infrastructure. The company also focused on product innovation and market expansion through pack upsizing, selective pricing strategies, and new launches in energy and juice-based beverages.

Internationally, Varun Beverages strengthened its presence in Africa by completing the acquisition of Twizza in South Africa through BevCo, enhancing its manufacturing and distribution capabilities. It has also signed an agreement to acquire Crickley Dairy, further expanding its footprint, subject to approvals.

"Looking ahead, we remain confident in the long-term opportunity across our markets, supported by favourable demographics, rising incomes, growing urbanization, and increasing beverage consumption. With adequate capacities, a diversified portfolio, and a strong distribution network, we are well-positioned to deliver sustained growth and create long-term value for all our stakeholders,” said Jaipuria.

Varun Beverages share price today opened at ₹491.50 apiece on the BSE, the stock touched an intraday high of ₹504.90 per share, and an intraday low of ₹480.10 apiece.

According to Anshul Jain, Head of Research at Lakshmishree, Varun Beverages has failed to sustain above a 53-week rectangle breakout at 428, indicating lack of follow-through and a potential bull trap at higher levels. The subsequent move appears driven by short covering rather than fresh accumulation, which raises caution on trend sustainability. Price is now advancing toward the weekly swing high zone of 525–565, a significant overhead supply region where prior selling pressure has emerged.

“This zone will be critical in determining whether the rally can transition into a genuine breakout or face renewed rejection. Failure to absorb supply here could lead to consolidation or reversal, while a strong close above 565 would shift the bias bullish,” said Jain.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players.

At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors.

Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation.

Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories

Log in to our website to save your bookmarks. It'll just take a moment.

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.