Varun Beverages
Varun Beverages Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #2 of 8 in Beverages
See the sector's top 10 — free with your mobile number.
What the Q1 FY27 call signalled
2 of 3 strong
The short version
Varun Beverages expects sustained strong growth supported by expanded capacities, diversified portfolio, and extensive distribution network. Varun Beverages Limited expects sustained and profitable growth driven by: - Strong volume growth in both India and international markets (20%+ in India recently; 38.4% volume growth internationally including Twizza).
From Varun Beverages's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Varun Beverages expects sustained strong growth supported by expanded capacities, diversified portfolio, and extensive distribution network.
- In India, favorable demand trends, increasing beverage penetration, and investments in market infrastructure provide a strong foundation for future growth.
- Internationally, all countries except a minor one are experiencing fast growth, with Africa showing huge potential.
- The company is targeting double-digit volume growth; post-April weather impacts, growth in healthy 20%+ range is being observed.
- New product launches like Calpis and expansion into value-added dairy beverages are expected to contribute to growth.
- Their strategy focuses on profitable growth rather than entering low-margin Rs. 10 price categories.
2 more points from Varun Beverages's call on revenue
Create a free account to keep reading this call
Profitability & Margins
See what Varun Beverages said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- During H1 2026, net capitalized capex was ~Rs. 9,500 million, including:
- ~Rs. 2,000 million for brownfield expansion in India, including value-added dairy beverage line at Supa.
- ~Rs. 1,000 million for a snack manufacturing plant in Zimbabwe.
- ~Rs. 4,000 million towards market infrastructure (visicoolers, glass bottles, pallets, vehicles, etc.).
- Capital work-in-progress as of June 30, 2026 was ~Rs. 4,900 million, mainly for expansion in South Africa and a carbonated soft drink (CSD) line in Kenya.
- Inorganic capex of Rs. 11,314 million was incurred for acquiring Twizza Limited in South Africa.
2 more points from Varun Beverages's call on capex
Create a free account to keep reading this call
Top-ranked in Beverages
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Varun Beverages said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
See what Varun Beverages said on order book & pipeline — free account, 30 seconds.
Varun Beverages — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹6.6K Cr, net profit ₹831 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Varun Beverages's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
Others in Beverages this season
- Suraj Industries (Q1 FY27)
Revenue from operations for Q1FY27: Rs 73 Cr (Page 24) . Key investor presentation takeaways from Suraj Industries Ltd's Q1 FY27 investor presentation — and how
- United Spirits (Q1 FY27)
Marketing spends are steady at **10.5%-11% of net sales** to support brand investments and growth. Key concall takeaways from United Spirits Ltd's Q1 FY27…
- Piccadily Agro (Q1 FY27)
Whistler brand shows double-digit to higher double-digit growth, having grown almost 100% year-on-year in the last year. Key concall takeaways from Piccadily…
- FratelliVineyard (Q1 FY27)
The industry, particularly RTD, is growing at approximately 25% annually. Key concall takeaways from Fratelli Vineyards Ltd's Q1 FY27 earnings call — and how…
Potential multibaggers · Q2 FY27
Potential multibaggers in Beverages
on management's own guidance
- 2
- Strong growth1
- FratelliVineyardGood growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
Varun Beverages and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Varun Beverages Q1 FY27 results?
Varun Beverages expects sustained strong growth supported by expanded capacities, diversified portfolio, and extensive distribution network. Varun Beverages Limited expects sustained and profitable growth driven by: - Strong volume growth in both India and international markets (20%+ in India recently; 38.4% volume growth internationally including Twizza).
What is Varun Beverages share price analysis?
Varun Beverages currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 43.0 with a market cap of ₹145,480 Cr. Investors should review the full earnings analysis for detailed insights.
Is Varun Beverages planning capital expenditure?
During H1 2026, net capitalized capex was ~Rs.
Keep Varun Beverages on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.