Varun Beverages Limited has announced strong financial results for the first quarter of CY2026, with revenue reaching ₹65,742 million, marking an 18.1% year-on-year increase. The company’s consolidated sales volumes grew by 16.3%, driven by a 14.4% increase in India and a 21.4% rise in international markets.
The company also reported a significant improvement in its earnings before interest, taxes, depreciation, and amortisation (EBITDA), which rose by 21.0% year-on-year to ₹15,289 million. This growth was attributed to healthy demand, disciplined execution, and continued progress across its markets.
Chairman Ravi Jaipuria expressed satisfaction with the company’s performance, highlighting the encouraging demand in India, supported by wide distribution reach, strengthened execution, and continued investments in manufacturing capacity and chilling infrastructure.
Varun Beverages, a key player in the global beverage industry and the second-largest franchisee of PepsiCo outside the US, operates in 10 countries with distribution rights in an additional four countries. The company has a robust distribution network and state-of-the-art production facilities, which contribute to its market share gains and margin expansion.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).