Varun Beverages Limited reported a strong performance for the quarter ended March 31, 2026, with sharp growth in both revenue and profitability.
The company posted a net profit of ₹872.4 crore during the quarter ended March 31, up 20.2% YoY compared to ₹726.5 crore in the corresponding quarter last year.
Revenue from operations stood at ₹6,721.5 crore, registering a 18.3% YoY increase from ₹5,680.0 crore in the same quarter last year, reflecting robust demand across markets. The company’s India volume growth came in at 14.4% and 21.4% in international territories, which is higher than what the street was anticipating. Kotak Institutional Equities had expected a volume growth of 9% for India.
At the operating level, EBITDA came in at ₹1,529.6 crore, compared to ₹1,128.0 crore in the year-ago period, marking a 35.6% YoY growth. EBITDA margin expanded to 22.8%, up from 19.9% last year.
Total expenses rose to ₹5,597.3 crore from ₹4,729.7 crore in the corresponding period last year. Profit before tax stood at ₹1,163.2 crore versus ₹977.8 crore a year ago, indicating strong operational leverage.
The company has also announced an interim dividend of ₹0.50 per equity share (face value ₹2) for FY26 on its total issued, subscribed and paid-up equity share capital. The record date has been fixed as Friday, May 1, 2026, to determine eligible shareholders. The interim dividend will be paid on or after Tuesday, May 5, 2026, to shareholders whose names appear in the register of members or as beneficial owners as on the record date.
Overall, the company delivered a solid quarterly performance driven by strong revenue growth and margin expansion, supported by improved operational efficiency.