Varun Beverages Ltd
Varun Beverages Q2 Results 2026 (FY27) investor presentation: Revenue & Margins
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
Guidance rank: #2 of 9 in Beverages
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Varun Beverages Ltd Q2 FY27 key numbers
- Revenue
- Q3 CY2026 consolidated sales volume: 354.4 million cases, up 28.7% YoY (Q3 CY2025: 275.3 million cases).
As stated in Varun Beverages Ltd's Q2 FY27 investor presentation · published 30 Oct 2026. Reported figures, not investment advice.
Based on Varun Beverages Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q3 CY2026 consolidated sales volume: 354.4 million cases, up 28.7% YoY (Q3 CY2025: 275.3 million cases) - India sales volume growth: 22.5% YoY (217.7 mn cases standalone vs 177.6 mn) - International sales volume growth: 39.9% YoY - Q3 CY2026 net revenue from operations (consolidated): Rs. EBITDA for Q3 CY2026: Rs.
From Varun Beverages Ltd's Q2 FY27 earnings-call transcript · updated 30 Oct 2026.
Revenue & Sales Performance
- Q3 CY2026 consolidated sales volume: 354.4 million cases, up 28.7% YoY (Q3 CY2025: 275.3 million cases)
- India sales volume growth: 22.5% YoY (217.7 mn cases standalone vs 177.6 mn)
- International sales volume growth: 39.9% YoY
- Q3 CY2026 net revenue from operations (consolidated): Rs. 66,075.6 million, up 33.2% YoY (Q3 CY2025: Rs. 49,606.9 million)
- Beverages sales revenue grew 31.6% YoY to Rs. 62,732.1 million
- Non-beverage sales revenue increased 72.4% YoY to Rs. 3,343.5 million
2 more points from Varun Beverages Ltd's call on revenue
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Profitability & Margins
See what Varun Beverages Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Merger of Twizza into Bevco, South Africa completed on August 1, 2026; expected to unlock significant operational synergies (Page 10).
- Expansion of manufacturing capacities and chilling infrastructure investments in India supporting volume growth (Page 9).
- Incorporation of wholly-owned subsidiary KIVA Spirits and Company Limited on August 29, 2026 to enter Ready to Drink and Alcoholic Beverage segments, indicating diversification (Page 10).
- 54 production facilities exist (38 in India, 16 International), reflecting a broad manufacturing base with ongoing capacity utilization (Page 8).
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 Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Varun Beverages Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹6.6K Cr, net profit ₹879 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Varun Beverages Ltd's management said in earlier quarters
- Q1 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
- Globus Spirits Ltd (Q2 FY27)
Q2 FY27 Revenue from Operations: INR 7,624 Mn, up 15% YoY (Page 9, Page 6) . Key investor presentation takeaways from Globus Spirits Ltd's Q2 FY27 investor pres
- United Spirits Ltd (Q2 FY27)
Quarter ended September 30, 2026 revenue from operations (consolidated): ₹7,014 crores vs ₹7,199 crores in Q3 FY25; a slight decline. Key results statement take
- United Breweries Ltd (Q2 FY27)
Q2 FY27 Net Sales: ₹2,536 Cr, up 24% YoY (Page 6) . Key investor presentation takeaways from United Breweries Ltd's Q2 FY27 investor presentation — and how it r
- Allied Blenders (Q2 FY27)
EBITDA: ₹143 Cr, up 10.0% YoY . Key investor presentation takeaways from Allied Blenders & Distillers Ltd's Q2 FY27 investor presentation — and how it ranks aga
Potential multibaggers · Q2 FY27
Potential multibaggers in Beverages
on management's own guidance
- 2
- Strong growth1
- FratelliVineyardGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Varun Beverages Ltd Q2 FY27 results?
Q3 CY2026 consolidated sales volume: 354.4 million cases, up 28.7% YoY (Q3 CY2025: 275.3 million cases) - India sales volume growth: 22.5% YoY (217.7 mn cases standalone vs 177.6 mn) - International sales volume growth: 39.9% YoY - Q3 CY2026 net revenue from operations (consolidated): Rs. EBITDA for Q3 CY2026: Rs.
What is Varun Beverages Ltd share price analysis?
Varun Beverages Ltd currently shows a neutral. The stock trades at a P/E of 41.5 with a market cap of ₹140,341 Cr. Investors should review the full earnings analysis for detailed insights.
Is Varun Beverages Ltd planning capital expenditure?
Merger of Twizza into Bevco, South Africa completed on August 1, 2026; expected to unlock significant operational synergies (Page 10).
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.