Varun Beverages Ltd

Varun Beverages Q1 CY2026: Strong Revenue & Margin Growth 📈🥤

- Revenue increased 18.1% YoY to ₹65,741.9 million

- Consolidated sales volume grew 16.3% to 363.4 million cases

- India sales volume grew 14.4%, while international territories grew 21.4%

- EBITDA grew 21.0% YoY to ₹15,289.3 million

- PAT increased 20.1% YoY to ₹8,787.1 million

- Gross margins improved to 55.2% (up 62 bps)

- Low sugar/No sugar products increased to ~63% of consolidated sales volumes