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Varun Beverages Ltd. ( (IN:VBL) ) just unveiled an announcement.
Varun Beverages reported strong first-quarter results for the period ended March 31, 2026, with revenue from operations rising 18.1% year-on-year to Rs. 65,741.9 million on the back of a 16.3% increase in consolidated sales volumes to 363.4 million cases. Growth was driven by a 14.4% volume increase in India and a 21.4% rise in international markets, alongside a 1.6% improvement in consolidated net realization per case, aided by favorable currency movement overseas.
Despite a 1.5% decline in net realization per case in India due to volume-led initiatives such as upsized packs and selective lower price points, the company expanded gross margins by 62 basis points to 55.2% through early stocking of key raw materials amid an inflationary environment. Product mix remained skewed toward carbonated soft drinks at 73.6%, with non-carbonated beverages at 7.5% and packaged drinking water at 18.9%, while EBITDA grew 21.0% to Rs. 15,289.3 million, lifting margins by 55 basis points to 23.3% and helping push profit after tax up 20.1% to Rs. 8,787.1 million, supported by operational efficiencies in India.
More about Varun Beverages Ltd.
Varun Beverages Limited is a key player in the beverage industry, operating as a major bottler and distributor with a portfolio spanning carbonated soft drinks, non-carbonated beverages and packaged drinking water. The company serves both India and international territories, with a growing emphasis on low sugar and no sugar products that now account for about 63% of consolidated sales volumes.
Average Trading Volume: 409,377
Technical Sentiment Signal: Buy
Current Market Cap: 1659.8B INR
For a thorough assessment of VBL stock, go to TipRanks’ Stock Analysis page.