Varun Beverages' Q3 FY 2025-26 Quarterly Results
- 04 Feb 2026
Result Summary
- Varun Beverages Ltd reported a 14.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 15.3%.
- Its expenses for the quarter were down by 3.9% QoQ and up 13.3% YoY.
- The net profit decreased 65.1% QoQ and increased 32.9% YoY.
- The earnings per share (EPS) of Varun Beverages Ltd stood at 0.74 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 4303.53 | 5044.68 | 3733.43 | -14.7% | 15.3% |
Total Expenses | 3942.06 | 4102.08 | 3478.60 | -3.9% | 13.3% |
Profit Before Tax | 361.47 | 942.59 | 254.82 | -61.7% | 41.9% |
Tax | 98.88 | 195.72 | 58.49 | -49.5% | 69.1% |
Profit After Tax | 260.01 | 745.19 | 195.65 | -65.1% | 32.9% |
Earnings Per Share | 0.74 | 2.19 | 0.56 | -66.2% | 32.1% |
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 a prominent player in the beverages industry, primarily engaged in the production and distribution of carbonated soft drinks and non-carbonated beverages. The company is a key bottler for PepsiCo in various territories, which includes manufacturing, selling, and distributing a range of PepsiCo's brands. Varun Beverages has been expanding its operations both domestically and internationally, focusing on increasing its market share and scaling its production capacity. As of the latest information, specific recent developments or changes in the company's strategic direction or product offerings were not provided.
Revenue
In Q3FY26, Varun Beverages Ltd reported a total income of ₹4,303.53 crores, reflecting a decrease of 14.7% quarter-over-quarter (QoQ) from ₹5,044.68 crores in Q2FY26. However, on a year-over-year (YoY) basis, there was a significant increase of 15.3% from ₹3,733.43 crores in Q3FY25. This change underscores a robust annual growth trajectory despite the quarterly decline. The revenue figures indicate fluctuations that may be attributed to seasonal variations or other operational factors specific to the quarter, though such specifics are not detailed here.
Profitability
The company's profitability metrics for Q3FY26 show a decline in profit before tax (PBT) and profit after tax (PAT) compared to the previous quarter. The PBT stood at ₹361.47 crores, which represents a 61.7% decrease QoQ from ₹942.59 crores in Q2FY26, but a 41.9% increase YoY from ₹254.82 crores in Q3FY25. Similarly, the PAT for Q3FY26 was ₹260.01 crores, down 65.1% QoQ from ₹745.19 crores in Q2FY26, yet up 32.9% YoY from ₹195.65 crores in Q3FY25. The tax expense also decreased by 49.5% QoQ to ₹98.88 crores, while increasing 69.1% YoY from ₹58.49 crores. Earnings per share (EPS) followed a similar trend, decreasing by 66.2% QoQ to ₹0.74 from ₹2.19, and increasing by 32.1% YoY from ₹0.56.
Operating Metrics
Varun Beverages Ltd's total expenses for Q3FY26 were ₹3,942.06 crores, marking a 3.9% decrease QoQ from ₹4,102.08 crores in Q2FY26 and a 13.3% increase YoY from ₹3,478.60 crores in Q3FY25. The decrease in expenses QoQ could be indicative of cost management efforts or operational efficiencies. Despite the QoQ decline in income, the YoY increase in total expenses suggests an expansion in operational scale or increased input costs. These figures highlight the company's operational dynamics, reflecting both the challenges and expansions it undergoes within its industry setting.