- Varun Beverages reported a 20% revenue growth in Q2 2026, with consolidated revenue rising to ₹84,512 million from ₹70,174 million in the prior-year period.
- The company's profit after tax grew 15.1% year-over-year to ₹1,520 crore in Q2 2026.
- Sales volumes increased 19.8% to 466.7 million cases in Q2 2026, reflecting strong operational execution.
- The company's revenue from core operations advanced nearly 21% YoY to ₹8,650.57 crore in the June quarter.
- For the first half of 2026, revenue totaled ₹150,254 million, representing 19.4% year-over-year growth.
- The company announced an extension of its PepsiCo bottling agreement in India until April 2049.
- The company's EBITDA margins declined by 76 basis points to 27.7% in Q2 2026 due to the consolidation of the Twizza business.
Varun Beverages has reported a 20.4% increase in consolidated revenue for Q2 2026, amounting to ₹84,512 million, compared to ₹70,174 million in the same quarter last year.12
The company's profit after tax rose 15.1% year-on-year to ₹1,520.79 crore, up from ₹1,317.02 crore in Q2 2025. This growth was driven by a 19.8% increase in sales volumes, totaling 466.7 million cases, with domestic volumes growing 14.4% and international sales surging 38.4%.34
Chairman Ravi Jaipuria expressed confidence in the company's long-term growth potential, citing favorable demographics and increasing consumption of packaged beverages. However, the company faced challenges, including a 76 basis point decline in EBITDA margins to 27.7% due to the consolidation of the Twizza business, which operates at lower margins.8
Additionally, finance costs increased by 55.8% due to recent acquisitions, impacting overall profitability. Despite these pressures, Varun Beverages remains a key player in the global beverage market, supported by strategic partnerships and geographic expansion.
The board has also approved a second interim dividend of ₹0.50 per equity share, with the record date set for August 1, 2026.
“The company's consolidated revenue rose 20.4% year-over-year to ₹84,512 million, driven by strong sales volumes increasing 19.8% to 466.7 million cases. Chairman Ravi Jaipuria expressed confidence in long-term growth potential, citing favorable demographics and rising disposable incomes as key factors.”
