Varun Beverages Limited has informed the Exchange regarding a press release dated April 27, 2026, titled "Presentation on Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended March 31 2026".
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Varun Beverages reported a strong start to CY2026 with consolidated sales volumes rising 16.3% YoY to 363.4 million cases (India +14.4%, International +21.4%). Net revenue grew 18.1% to Rs. 65,742 million, while EBITDA rose 21.0% to Rs. 15,289 million with margins expanding 55 bps to 23.3%. India EBITDA margins improved sharply by 112 bps, supported by 62 bps gross margin expansion to 55.2% and a shift toward low/no-sugar products which now account for ~63% of consolidated volumes. The company also completed the acquisition of South African beverage firm Twizza (EV ZAR 2,053 million) and signed an agreement to acquire Crickley Dairy (~ZAR 238 million) through its subsidiary BevCo. The Board declared an interim dividend of Rs. 0.50 per share, amounting to ~Rs. 1,691 million in cash outflow.
Positive for shareholders: broad-based volume growth, margin expansion, and international acquisitions signal continued growth momentum, while the interim dividend offers near-term cash return. Finance costs rose 18% on Twizza-related funding, which investors should watch, but operational performance remains robust.