Varun Beverages' Q1 FY 2026-27 Quarterly Results

Result Summary

• Varun Beverages Ltd reported a 29.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 20.6%.
• Its expenses for the quarter were up by 20.6% QoQ and 22.6% YoY.
• The net profit increased 73.6% QoQ and increased 15.1% YoY.
• The earnings per share (EPS) of Varun Beverages Ltd stood at 4.5 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Varun Beverages Ltd is one of the largest manufacturers and distributors of beverages in India. The company is a key player in the beverage industry, primarily engaged in the production of carbonated soft drinks and non-carbonated beverages, including juices and bottled water. As a bottling partner of PepsiCo, Varun Beverages Ltd operates across several regions, supplying a range of PepsiCo products. Known for its extensive distribution network and strategic partnerships, the company has been focused on expanding its market presence and product portfolio. Any recent major developments about the company are not available from the provided data.

Revenue

In the first quarter of the fiscal year 2027 (Q1FY27), Varun Beverages Ltd reported a total income of ₹8555.61 crores. This marked a significant increase compared to ₹6617.72 crores in the previous quarter (Q4FY26), representing a quarter-over-quarter (QoQ) growth of 29.3%. Additionally, when compared to the same quarter in the previous fiscal year (Q1FY26), where total income was ₹7094.53 crores, there was a year-over-year (YoY) growth of 20.6%. This growth in revenue can be attributed to various factors, including potential increases in sales volume, product price adjustments, or a favorable market environment.

Profitability

Varun Beverages Ltd's profitability metrics for Q1FY27 indicate a positive trajectory. The company achieved a profit before tax (PBT) of ₹1981.46 crores, up from ₹1167.14 crores in Q4FY26, reflecting a 69.8% QoQ increase. Compared to ₹1733.23 crores in Q1FY26, this represents a 14.3% YoY growth. After accounting for taxes amounting to ₹451.82 crores in Q1FY27, the profit after tax (PAT) stood at ₹1525.36 crores, which is a 73.6% increase from the previous quarter and a 15.1% increase from the same quarter last year. The earnings per share (EPS) similarly rose to ₹4.50 in Q1FY27 from ₹2.58 in Q4FY26 and ₹3.89 in Q1FY26, showcasing a 74.4% QoQ increase and a 15.7% YoY increase.

Operating Metrics

The company's total expenses for Q1FY27 were reported at ₹6574.16 crores, which shows a 20.6% increase compared to Q4FY26, where expenses were ₹5450.57 crores. When compared to Q1FY26, with expenses of ₹5361.30 crores, there was a YoY increase of 22.6%. The rise in expenses could be attributed to various operational factors such as increased production costs, expansion activities, or fluctuations in input prices. Despite higher expenses, the substantial growth in total income and profitability metrics suggests effective cost management and operational efficiency. The tax expense in Q1FY27 was ₹451.82 crores, showing a 58.8% QoQ increase and an 11.1% YoY increase, reflecting the higher profitability levels in this quarter.