Varun Beverages reports strong Q3 and 9M CY2025 results

Varun Beverages Limited (VBL) reported robust consolidated financial results for Q3 and 9M CY2025. Net revenue grew by 1.9% to Rs. 48,966.5 million in Q3 and 7.1% to Rs. 174,809.6 million in 9M CY2025, driven by a 2.4% increase in consolidated sales volumes to 273.8 million cases in Q3. PAT surged by 18.5% to Rs. 7,451.9 million in Q3 and 14.9% to Rs. 28,020.4 million in 9M CY2025. International markets saw 9.0% volume growth, with South Africa as a key contributor.

The company is strategically expanding, incorporating a wholly-owned subsidiary in Kenya for manufacturing and distribution, and entering a distribution agreement with Carlsberg Breweries A/S to test market beer in select African territories. VBL is also diversifying its product portfolio by adding alcoholic beverages to its Memorandum of Association and forming a joint venture, White Peak Refrigeration Private Limited, for manufacturing visi-coolers and refrigeration equipment in India.

VBL's commitment to sustainability is evident through its "Water Positive" status, achieving a 2x water replenishment ratio and a 17% reduction in water usage per liter of beverage produced by 2024. The company is also making strides in reducing its carbon footprint with increased renewable energy usage and plastic waste recycling, targeting 50% rPET mix by 2030.