Varun Beverages Share Price in Focus: Revenue Soared 35% in Q1CY25

On May 2, 2025, Varun Beverages share price is on investors’ radar after the company released its Q1CY25 results. In morning trade, Varun Beverages share price was down ~1% at 09:20 AM, reached a day low of ₹516.50, after opening at ₹528.15 on BSE.

Varun Beverages Q1 Results

robust financial performance for the January–March quarter of calendar year 2025, posting a consolidated net profit of ₹726.4 crore — a 35.2% increase year-on-year from ₹537.2 crore in the same quarter last year. The company, which follows a January–December financial calendar, saw its consolidated revenue from operations jump by 29.2% YoY to ₹5,680 crore, compared to ₹4,398 crore in Q1 CY2024.

Sales volume also witnessed a sharp rise, climbing 30.1% to 312.4 million cases. This was driven by a 15.5% organic volume increase in India, along with additional contributions from South Africa and the Democratic Republic of Congo, according to the company’s exchange filing.

EBITDA rose by 27.8% YoY to ₹1,264 crore, although EBITDA margins saw a slight contraction of 20 basis points to 22.7%. Revenue per case improved by 3.5% compared to the previous year, primarily due to a more favourable product mix in India and increased contributions from international markets.

In line with evolving consumer preferences, VBL reported that nearly 46% of its total sales volume now comes from no-sugar or low-sugar beverages. The company continues to invest in product innovation aimed at reducing sugar content.

Strategic Initiatives and Expansion

To support growing demand and strengthen long-term growth prospects, Varun Beverages has commenced the development of three new greenfield manufacturing plants in Maharashtra, Uttar Pradesh, and Odisha, with planned investments of ₹1,000 crore, ₹1,100 crore, and ₹700 crore, respectively.

The quarter also marked a major strategic milestone, as the company completed the acquisition of The Beverage Company (BevCo) in South Africa, enhancing its international footprint.

In addition, its wholly-owned subsidiary, Varun Beverages Morocco SA, signed an exclusive agreement to manufacture and package Cheetos snacks in Morocco, with operations expected to begin by May 2025.

Also Read: Varun Beverages Begins Commercial Production at New Prayagraj Facility

VBL Interim Dividend

VBL’s Board of Directors declared an interim dividend of ₹0.50 per equity share for FY2025. The record date for eligibility has been set as May 9, 2025, with the dividend to be disbursed on or after the same date.

Conclusion

Varun Beverages’ strong Q1 performance highlights its solid growth trajectory, driven by robust domestic demand, strategic global expansion, and a shift toward healthier product offerings.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.