Varun Beverages Profit Rises 13.5% to Rs 831 Crore as Volume Jumps 28.7%, Dividend Declared

PepsiCo bottler Varun Beverages posted consolidated net profit of Rs 830.59 crore in the September quarter, up 13.5 per cent, as net revenue rose 33.2 per cent to Rs 6,607.5 crore and sales volume jumped 28.7 per cent to 354.4 million unit cases. The board declared a third interim dividend of Rs 0.50 per share, with the record date on November 5.

Awaaz Punjab Investigations Desk30 October 20264 min readRead in all 3 languages

New Delhi: Varun Beverages, PepsiCo's leading bottler, on Friday posted a consolidated net profit of Rs 830.6 crore in the September quarter, up 13.5 per cent from Rs 731.5 crore a year earlier, driven by strong volume growth, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine

Net revenue grew 33.2 per cent to Rs 6,607.5 crore, while consolidated sales volume grew 28.7 per cent to 354.4 million unit cases, with volume in India rising 22.5 per cent, The Hindu BusinessLine reported. On the filing basis reported from the company's results, revenue from operations was Rs 6,815.59 crore, up 33.3 per cent, and total income was Rs 6,935.45 crore.

Source: The Hindu BusinessLine

Rs 830.59 croreConsolidated net profit, Sep quarter

Rs 6,607.5 croreNet revenue, up 33.2 per cent

354.4 millionUnit cases sold, up 28.7 per cent

Rs 0.50 per shareThird interim dividend

The board approved a third interim dividend of Rs 0.50 per share, or 25 per cent, with a total cash outflow of about Rs 169.1 crore, The Hindu BusinessLine reported. The record date is November 5, 2026, and payment will begin from November 7, according to the company's filing as reported by DSIJ.

Source: DSIJ / company filing

For the nine months ended September 30, consolidated revenue grew 23.6 per cent to Rs 22,371.24 crore and profit after tax rose 15.5 per cent to Rs 3,202.30 crore, DSIJ reported from the filing. Profit growth lagged revenue growth as costs rose with expansion, and shares fell during Friday trade despite the double-digit growth.

Source: DSIJ / company filing

Why profit lagged sales

Revenue rose about 33 per cent but net profit rose 13.5 per cent, reflecting a higher cost base as the bottler expanded operations and absorbed distribution and other operating costs, according to the filing reports.

Sources