Varun Beverages Ltd

📈 Varun Beverages Q1 CY2026: Strong Volume Growth & Strategic Acquisitions

• Consolidated sales volumes grew 16.3% to 363.4 million unit cases

• Revenue increased 18.1% year-over-year to ₹65,742 million

• EBITDA improved 21.0% to ₹15,289 million, with margins up 55 basis points to 23.3%

• Net profit after tax (PAT) rose 20.1% to ₹8,787 million

• India sales volumes grew 14.4%, while international territories saw a 21.4% increase

• Acquired Twizza in South Africa for ZAR 2,053 million to expand manufacturing and distribution

• Agreed to acquire Crickley Dairy in South Africa for ~ZAR 238 million, pending approvals

• Gross margins improved 62 basis points to 55.2%

• Low sugar / no sugar products represent ~63% of consolidated sales volumes