Varun Beverages reported a net profit of Rs 741.19 crore, up 19.62% from Rs 619.61 crore in the same quarter last year. However, it posted a sharp decline of 43.72% quarter-on-quarter (QoQ) from Rs 1,317.02 crore in Q1FY26.
Revenue from operations stood at Rs 5,047.74 crore, up 2.35% year-on-year (YoY) from Rs 4,932.06 crore. However, on a sequential basis, revenue declined from Rs 7,163.02 crore in Q1FY26.
Varun Beverages Q2 volume up 2.4%
The company’s consolidated sales volume rose 2.4% to 273.8 million cases, despite heavy rainfall across India that impacted domestic demand. While India volumes remained almost flat, international volumes grew 9%, led by South Africa.
Varun Beverages to set up wholly owned subsidiary in Kenya
Varun Beverages has also announced its entry in the Kenyan market by setting up a wholly owned subsidiary, Varun Food and Beverages (Kenya) Limited, which will manufacture and sell beverages locally. The company will invest KSH 1.25 crore (about Rs 1 crore) in the subsidiary, giving it full ownership.
Share price of Varun Beverages
Varun Beverages shares was trading at Rs 482.85 in intraday trade, up 6.32%. Over the past month, the share price has risen around 7%. However, on a yearly basis, it has delivered a negative return of nearly 20%, and so far in 2025, the stock remains down about 25%.