Varun Beverages Q3 Net Profit Rises 18.5% YoY to ₹745.2 Crore; Stock Gains 9%

New Delhi, October 29, 2025 – Varun Beverages Ltd (NSE: VBL), which partners with PepsiCo in bottling operations in India, saw consolidated net profit climb to ₹745.2 crore for the quarter ended on September 30, 2025, diving from ₹628.8 crore the year before for a YoY rise of 18.5%. This performance was aided by stable demand and lower input costs, even though profits pulled back sequentially due to seasonal reasons.

Key Financial Metrics (₹ in millions)

Varun Beverages announced revenue from operations of ₹50,477.42 million for Q3CY25 with a modest 2.3% increase from ₹49,320.61 in Q3CY24. Total Income at ₹51,957.67 million was also a rise of 4.8% YoY.

Total expenses came to ₹42,531.80 million or an increase of 2.3% YoY. Profit before tax climbed 17.6% to ₹9,409.11 million and Net profit after tax finished up ₹7,451.92 million or 18.5% higher. Earnings per share (EPS) were up to ₹2.19 from ₹1.91 in the prior year or 14.7%.

Nine-Month Performance (Jan – Sep 2025)

For the nine-month period ended September 30, 2025, total income rose 8.4% year-on-year to ₹1,81,440.30 million compared to ₹1,67,403.42 million in the same period last year. Net profit for the period increased by 15% to ₹2,802.0 crore from ₹2,438.6 crore, reflecting consistent operational strength through the year.

Share Price Update

The share price of Varun Beverages closed at ₹495.50, which is a 9.1% gain on Wednesday. Varun Beverages shares have dipped 18% in the last year, 6.36% in the last six months, and gained 9.70% in the last month.

Shares of Varun Beverages Ltd opened at ₹455 and climbed to an intraday high of ₹501.70, reflecting strong investor interest. The company’s market capitalisation currently stands at ₹1.68 lakh crore. Over the past year, Varun Beverages’ share price has ranged between a 52-week high of ₹663.60 and a low of ₹419.55, while the company declared a quarterly dividend of ₹0.37 per share.

Management Commentary

The company said its Q3 results reflected stable post-monsoon demand and a stronger performance in non-carbonated beverage segments, including packaged water, juices, and energy drinks.

It added that ongoing capacity expansions across India and Africa are supporting growth, alongside new product launches aimed at strengthening its beverage portfolio. Management reaffirmed its focus on operational efficiency and product premiumization to sustain profitability amid changing input costs.

Incorporated in 1995, Varun Beverages Ltd is one of the world’s largest franchise bottlers of PepsiCo products, manufacturing and distributing beverages such as Pepsi, Mountain Dew, 7UP, Slice, Tropicana, and Aquafina. The company is listed on both the NSE and BSE and is a constituent of the NIFTY NEXT 50 Index.

REF: https://nsearchives.nseindia.com/corporate/VBL_29102025120234_Presentation.pdf

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