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Varun Beverages Limited Q3 FY25 results deck summary

NSE: VBL · BSE: 540180

Results deck of 29 Oct 2025, summarised by AI from the filing.

VBL Q3 CY2025 net revenue ₹48,966.5 million (+1.9%) and PAT ₹7,451.9 million (+18.5%), with volumes up 2.4% despite subdued India.

Key takeaways

  1. Guidance No forward guidance was provided in the presentation.
  2. Volume growth Consolidated sales volume grew 2.4% to 273.8 million cases in Q3 CY2025 from 267.5 million cases in Q3 CY2024.
  3. International growth International volumes grew 9.0%, led by a strong performance in South Africa.
  4. Monsoon impact Domestic volumes remained subdued due to prolonged rainfall across India.

Original filing on BSE

Varun Beverages Limited Q1 FY27 results

As filed: Revenue ₹8,651 cr (+21% year on year), EBITDA ₹2,343 cr (+17% year on year), PAT ₹1,525 cr (+15% year on year), EBITDA margin 27.1% (−82 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹6,722 cr (+18% year on year), EBITDA ₹1,529 cr (+21% year on year), PAT ₹879 cr (+20% year on year), EBITDA margin 22.8% (+49 bps). Score 51 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was below it. EBITDA margin rose 49 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Share price after the results: +9.0% in 30 days (Nifty 500: +1.8%).
  • Q3 FY26: Revenue ₹4,335 cr (+14% year on year), EBITDA ₹639 cr (+10% year on year), PAT ₹260 cr (+33% year on year), EBITDA margin 14.8% (−44 bps). Score 32 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was in line with it. EBITDA margin fell 44 bps year on year. Other income 27% of PBT. Revenue fell 14% from last quarter. Profit rose ₹64.0 cr on a year ago, more than the ₹52.0 cr it added the year before. Share price after the results: −4.4% in 30 days (Nifty 500: −0.6%).
  • Q2 FY26: Revenue ₹5,048 cr (+2% year on year), EBITDA ₹1,148 cr (0% year on year), PAT ₹745 cr (+18% year on year), EBITDA margin 22.7% (−62 bps). Score 25 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin fell 62 bps year on year. Revenue fell 30% from last quarter. Profit rose ₹116 cr on a year ago, more than the ₹115 cr it added the year before. Share price after the results: +6.0% in 30 days (Nifty 500: +0.5%).
  • Q1 FY26: Revenue ₹7,163 cr (−2% year on year), EBITDA ₹1,999 cr (0% year on year), PAT ₹1,325 cr (+5% year on year), EBITDA margin 27.9% (+76 bps). Score 18 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin rose 76 bps year on year. Revenue rose ₹-171.0 cr on a year ago, against ₹1,634 cr the year before. Share price after the results: +2.2% in 30 days (Nifty 500: −1.3%).
  • Q4 FY25: Revenue ₹5,680 cr (+29% year on year), EBITDA ₹1,264 cr (+28% year on year), PAT ₹731 cr (+33% year on year), EBITDA margin 22.3% (−26 bps). Score 71 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA growth was below it; profit growth was in line with it. EBITDA margin fell 26 bps year on year. Revenue rose ₹1,282 cr on a year ago, more than the ₹445 cr it added the year before. Share price after the results: −10.1% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹3,818 cr (+40% year on year), EBITDA ₹580 cr (+38% year on year), PAT ₹196 cr (+36% year on year), EBITDA margin 15.2% (−15 bps). Score 68 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was in line with it. EBITDA margin fell 15 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue fell 23% from last quarter.
  • Q2 FY25: Revenue ₹4,932 cr (+25% year on year), EBITDA ₹1,152 cr (+31% year on year), PAT ₹629 cr (+22% year on year), EBITDA margin 23.4% (+96 bps). Score 73 of 100, Above trend. EBITDA margin rose 96 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 33% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Varun Beverages Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.