Varun Beverages Limited has announced its financial results for the third quarter and first nine months of CY2026. The company reported a significant 33.2% year-over-year increase in Net Revenue for Q3 CY2026, reaching ₹66,075.6 million. EBITDA also saw a substantial growth of 25.1%, amounting to ₹14,267.1 million. The company highlighted strong volume growth in both domestic and international markets as key drivers for this performance.
Varun Beverages Reports Strong Q3 CY2026 Financials
Varun Beverages Limited has announced robust financial results for the third quarter and the first nine months of the fiscal year 2026. The company demonstrated significant growth across key financial metrics, driven by strong operational performance and market expansion.
Q3 CY2026 Performance Highlights
For the third quarter of CY2026, Varun Beverages reported a Net Revenue of ₹66,075.6 million, representing a substantial year-over-year increase of 33.2%. This growth was fueled by a consolidated sales volume increase of 28.7%, with notable contributions from both India and international territories. EBITDA for the quarter grew by 25.1% to reach ₹14,267.1 million, with EBITDA margins standing at 21.6%.
Nine Months CY2026 Performance
Over the first nine months of CY2026, the company’s Net Revenue increased by 23.3% to ₹218,145.5 million. EBITDA for the nine-month period stood at ₹52,745.8 million, a rise of 19.9% year-on-year. Profit After Tax (PAT) for the nine months reached ₹32,022.9 million, an increase of 15.5% compared to the same period last year.
Operational Drivers and Future Outlook
The company attributed its strong performance to healthy volume growth, supported by an extensive distribution network, expanded manufacturing capacities, and strategic investments. The Executive Vice Chairman, Mr. Varun Jaipuria, expressed satisfaction with the performance, highlighting the successful merger of Twizza into Bevco in South Africa and the introduction of new beverage brands. The company remains focused on driving growth across existing markets while selectively pursuing opportunities for business expansion, emphasizing profitability and long-term value creation.
Dividend Announcement
In line with its dividend policy, the Board of Directors approved an interim dividend of 25% of the face value, amounting to ₹0.50 per share, resulting in a total cash outflow of approximately ₹1,691 million.
Source: BSE
