Varun Beverages Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Varun Beverages reported consolidated sales volume growth of 19.8% and net revenue growth of 20.4% in Q2 CY2026, with EBITDA rising 17.2% to Rs. 23,430.4 million. India volumes grew 14.4% for the quarter, impacted by a weak April, while international markets including South Africa's Twizza acquisition delivered 38.4% volume growth. Management discussed extending the PepsiCo bottling agreement to 2049, a new alliance with Asahi Group Holdings for the Calpis brand, and an agreement to acquire Devyani Food Industries (Kenya) Limited.
Varun Beverages reported Q1 CY2026 consolidated sales volume growth of 16.3%, with revenue up 18.1% YoY to Rs. 65,742 million and EBITDA up 21% YoY to Rs. 15,289 million. Management attributed the growth to volume increases of 14.4% in India and 21.4% in international markets, along with the completed acquisition of Twizza in South Africa and an agreement to acquire Crickley Dairy. The company also discussed raw material coverage, pack upsizing initiatives, and new product launches including Sting Classic and Adrenaline Rush.