Varun Beverages (VBL) announced its Q3 and 9M CY2025 financial results. Q3 revenue grew by 1.9% to ₹48,966.5 million, with PAT increasing by 18.5% to ₹7,451.9 million. For the 9M period, revenue increased by 7.1% to ₹174,809.6 million and PAT grew by 14.9% to ₹28,020.4 million. VBL is expanding its presence in Africa and diversifying its product offerings.
Q3 2025 Performance
Varun Beverages Limited (VBL) reported a 1.9% increase in net revenue for Q3 2025, reaching ₹48,966.5 million. EBITDA stood at ₹11,473.8 million. Profit after tax (PAT) increased by 18.5% year-over-year to ₹7,451.9 million.
9M 2025 Performance
For the nine-month period, VBL’s net revenue grew by 7.1% year-over-year to ₹174,809.6 million. EBITDA increased by 6.8% year-over-year to ₹44,101.1 million. PAT increased by 14.9% to ₹28,020.4 million.
Operational Highlights
Consolidated sales volume grew by 2.4% to 273.8 million cases in Q3 2025. India volumes remained nearly flat, while international volumes saw a 9.0% increase, driven by strong performance in South Africa. CSD constituted 74%, NCB 4%, and packaged drinking water 22% of Q3 2025 sales.
Strategic Initiatives
VBL is incorporating a wholly-owned subsidiary in Kenya to expand its manufacturing, distribution, and sales operations. Select African subsidiaries will test market beer through an exclusive distribution agreement. The company has also formed a joint venture, “White Peak Refrigeration Private Limited”, to manufacture visi-coolers and refrigeration equipment in India.
Chairman’s Comments
According to Mr. Ravi Jaipuria, Chairman of Varun Beverages, the company delivered a steady performance, supported by healthy traction in international markets. VBL remains confident in the long-term potential of the domestic beverage industry and is investing in capacity expansion, distribution reach, and cold-chain infrastructure.
Source: BSE
