Varun Beverages Q2 FY26 Earnings Results: Net Profit Up 18.42% YoY to ₹7,452 Million

Written by: Team Angel OneUpdated on: 29 Oct 2025, 8:09 pm IST

Varun Beverages reports ₹7,452 million net profit in Q2 FY26, down 43.77% QoQ but up 18.42% YoY, showing mixed performance across quarters.

Varun Beverages Limited released its unaudited consolidated and standalone financial results for the quarter and nine months ended September 30, 2025. The beverage manufacturer, a key PepsiCo franchisee, reported strong year-on-year growth but faced sequential declines due to seasonality and cost pressures.

Varun Beverages Q2 FY26 Earnings Results

For Q2 FY26, Consolidated revenue from operations stood at ₹50,477.42 million compared to ₹71,630.21 million in Q1 FY26 and ₹49,320.61 million in Q2 FY25. Net profit after tax came in at ₹7,451.92 million, a 43.77% decline from ₹13,254.88 million in the previous quarter, but 18.42% higher than ₹6,288.25 million in Q2 FY25.

Earnings per share (Basic) decreased from ₹3.89 to ₹2.19 sequentially, while showing a 14.66% rise year-on-year. The total income for the quarter was ₹51,957.67 million, highlighting consistent topline growth compared to last year’s ₹49,563.11 million.

Consolidated 9-Month FY26 Results Show Sustained Growth

During the 9-month period ending September 30, 2025, the company reported revenue from operations of ₹1,78,907.89 million, up from ₹1,66,637.13 million in 9M FY25. Net profit after tax rose 14.86% to ₹28,020.38 million compared to ₹24,386.41 million a year earlier. Basic earnings per share increased 10.81% to ₹8.23 from ₹7.42, reflecting steady performance in core markets and efficient cost management across operations.

Operational and Corporate Developments

The company’s Board of Directors approved the results after review by statutory auditors with unmodified opinions. During the quarter, key corporate actions included loan conversions into equity shares within subsidiaries and the formation of a new joint venture entity, demonstrating continued business expansion. Varun Beverages operates primarily in the manufacturing and sale of carbonated and non-carbonated beverages across India and select international markets.

Varun Beverages Share Price Performance

On October 29, 2025, Varun Beverages share price opened at ₹455.00 on NSE, above the previous close of ₹454.15. During the day, it surged to ₹473.10 and dipped to ₹455.00. The stock is trading at ₹468.75 as of 12:08 PM. The stock registered a significant gain of 3.21%.

Over the past week, it has moved up by 0.69%, over the past month, it has moved up by 3.77%, and over the past 3 months, it has declined by 8.39%.

Conclusion

Varun Beverages Limited showcased a balanced financial performance in Q2 FY26 with robust year-on-year growth and predictable quarter-on-quarter moderation. The company continues to strengthen its operational network, while strategic investments and partnerships are expected to support its long-term expansion plans.

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Published on: Oct 29, 2025, 2:36 PM IST

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