Varun Beverages Ltd Achieves Double-Digit Growth in Q1 2026

Varun Beverages Ltd, PepsiCo's largest franchise bottler, reported a 20.14% rise in net profit to Rs 878.71 crore for Q1 2026. Supported by significant volume growth and international market success, revenues surged by 18.33% year-on-year, reaching Rs 6,721.53 crore. The company is well-positioned for future expansion.

Varun Beverages Ltd, a major player in the beverage industry and PepsiCo's largest franchise bottler, celebrated a 20.14% increase in consolidated net profit for the March quarter of 2026, totaling Rs 878.71 crore. This impressive growth was attributed to a robust double-digit surge in volume across both Indian and international markets.

The company's revenue from operations recorded an 18.33% year-on-year growth, amounting to Rs 6,721.53 crore for the quarter. Varun Beverages reported a sales volume rise of 16.3%, with India contributing a 14.4% increase and international territories a remarkable 21.4% boost.

Additionally, improved net realisation per case due to favorable currency movement boosted international market profits. Despite a slight decline in India's net realisation per case, the company maintained its strong foothold by investing in raw materials, manufacturing capacity, and distribution networks. Chairman Ravi Jaipuria emphasized the company's future confidence due to favorable demographics and urbanization trends.