Business Update Neutral

2026-11-05 15:49

Concall Schedule Concall Date: November 16, 2026 and November 17, 2026 Concall Time: Not specified - Company representatives will participate in investor meetings at CITIC CLSA India Forum, JM Financial Annual India Conference, and Avendus Spark INDX Annual Investor Conference in Mumbai.

Business Update Neutral

2026-11-05 15:49

Concall Schedule Concall Date: November 16, 2026 and November 17, 2026 Concall Time: Not specified

Business Update Neutral

2026-11-05 15:48

Concall Schedule Concall Date: November 16, 2026 and November 17, 2026 Concall Time: Not Specified

Business Update Positive

2026-11-04 16:11

Current Scenario & Operational Performance - Q3 CY26 consolidated sales volumes grew 28.7% YoY, led by 22.5% growth in India and 39.9% in international territories. - Revenue from operations rose 33.2% YoY to ₹66,076 million, while EBITDA increased 25.1% YoY to ₹14,267 million with EBITDA margin at 21.6% (moderated 140 bps YoY). - Gross margin compressed 334 bps YoY to 53.1% due to elevated packaging costs and higher non-beverage sales, partially mitigated by rPET usage and low-sugar product mix doubling to 88%. Growth Drivers & Expansion Initiatives - Expanded African footprint: Completed BevCo-Twizza merger synergy integration, commenced Kenya beverage operations, and bagged exclusive distribution rights for Mondelez in Zimbabwe. - Diversifying into Ready-to-Drink (RTD) and Alcobev segments via newly incorporated KIVA Spirits, focusing on margin-accretive 'Prestige-plus' offerings. - Downsized 'Sting' pack size from 300ml to 250ml to mitigate raw material headwinds; volumes recovering post-regulatory label clarifications. Capex & Management Outlook - CY27 Capex planned at ~₹1,000 Cr for India (including Suratgarh greenfield unit) and $90–$100 million for international capacities. - Management indicated that gross margins have likely troughed in Q3 CY26 under current commodity price assumptions. - Continued distribution expansion planned for CY27 to add to the existing 4.2+ million outlet footprint.

Business Update Positive

2026-11-04 16:09

Financial Performance & Margin Trends - Q3 CY26 consolidated revenue grew 33.2% YoY to ₹66,076 million, driven by 28.7% sales volume growth (India +22.5%, International +39.9%). - EBITDA increased 25.1% YoY to ₹14,267 million with EBITDA margin at 21.6%, supported by operating leverage despite 334 bps gross margin compression from higher packaging costs. - Management indicated that gross margins have likely troughed as crude and packaging cost hikes are fully absorbed in Q3. - Low and no-sugar drinks share in India expanded from 44% to 88% YoY, offsetting ~16% sugar inflation. Capex & Capacity Expansion - Planned CY27 capex includes ~₹1,000 Cr for India (including a greenfield plant in Suratgarh, Rajasthan) and $90–100 million for international markets. - Capacity additions underway in South Africa, Zimbabwe, Morocco, and DRC to meet robust seasonal demand. Growth Drivers & Outlook - Completed merger of Twizza with BevCo in South Africa; commenced Kenya operations and bagged exclusive distribution for Mondelez in Zimbabwe. - Expanding into Ready-to-Drink (RTD) and Alcobev space via newly incorporated KIVA Spirits, focusing on premium Prestige-plus categories. - Distribution reached over 4.2 million outlets and over 1 million visi-coolers in India, with plans to add 200,000+ outlets annually.

Business Update Neutral

2026-10-30 17:08

- Link provided for audio recording of Investors & Analysts Conference Call held on October 30, 2026. - Call was conducted post declaration of Unaudited Financial Results for Q3 and 9M ended September 30, 2026. - Recording is available on the company's official website.

Business Update Neutral

2026-10-30 17:06

- Audio recording link submitted for Investors & Analysts Conference Call held on October 30, 2026. - Call conducted post declaration of Unaudited Financial Results for the quarter and nine months ended September 30, 2026.

Financials Positive

2026-10-30 12:12

- Varun Beverages Limited has declared a 3rd interim dividend of ₹0.50 per equity share for the Financial Year 2026. - The Board of Directors approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended September 30, 2026. - Thursday, November 5, 2026, has been fixed as the Record Date for the dividend. - The dividend will be paid on and from November 7, 2026.

Financials Positive

2026-10-30 12:11

Q3 CY26 Consolidated Revenue ₹6,815.59 Cr vs ₹5,112.44 Cr (▲33.3% YoY) EBITDA ₹1,424.43 Cr vs ₹1,138.73 Cr (▲25.1% YoY) PAT ₹830.59 Cr vs ₹731.51 Cr (▲13.5% YoY) EBITDA Margin 20.90% vs 22.27% (▼137bps) Declared 3rd interim dividend of ₹0.50 per equity share; Record date fixed as November 5, 2026.

Financials Positive

2026-10-30 12:09

Q3 CY26 Consolidated Revenue ₹6,816Cr vs ₹5,112Cr (▲33% YoY) EBITDA ₹1,424Cr vs ₹1,139Cr (▲25% YoY) PAT ₹831Cr vs ₹732Cr (▲14% YoY) EBITDA Margin 20.9% vs 22.3% (▼138bps) Declared 3rd interim dividend of ₹0.50 per share (Record Date: November 5, 2026)

Financials Positive

2026-10-30 12:08

- Varun Beverages Limited has announced a 3rd interim dividend of ₹0.50 per equity share of face value ₹2/- for the financial year 2026. - The record date for determining the eligibility of shareholders for the 3rd interim dividend is fixed as November 5, 2026. - The dividend will be paid on and from November 7, 2026. - The Board also approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended September 30, 2026.

Financials Positive

2026-10-30 12:06

- Consolidated Revenue from Operations ₹66,075.6M vs ₹49,606.9M (▲33.2% YoY) - EBITDA ₹14,267.1M vs ₹11,404.1M (▲25.1% YoY) - Net Profit after tax ₹8,305.9M vs ₹7,315.1M (▲13.5% YoY) - EBITDA Margin 21.6% vs 23.0% (▼140bps YoY) - Board approved an interim dividend of ₹0.50 per share (25% of face value).

Financials Positive

2026-10-30 12:04

Q3 CY2026 Revenue grew 33.2% YoY to Rs. 66,075.6 million vs Rs. 49,606.9 million. EBITDA higher by 25.1% YoY to Rs. 14,267.1 million vs Rs. 11,404.1 million. PAT higher by 13.5% YoY to Rs. 8,305.9 million vs Rs. 7,315.1 million. Interim dividend approved at Rs. 0.50 per share (25% of face value). Incorporated KIVA Spirits for RTD and alcoholic beverages.

Business Update Positive

2026-10-30 12:02

- Q3 CY26 Revenue grew 33.2% YoY to ₹66,075.6M; EBITDA rose 25.1% to ₹14,267.1M. - Consolidated sales volumes increased 28.7% YoY. - Approved interim dividend of ₹0.50 per share (~₹1,691M outflow). - Incorporated KIVA Spirits for RTD/alcoholic beverages; completed Twizza-Bevco merger.

Business Update Positive

2026-10-30 12:01

- Q3 CY26 Revenue increased 33.2% YoY to ₹66,075.6 mn; EBITDA grew 25.1% to ₹14,267.1 mn. - Consolidated sales volumes rose 28.7% YoY (India +22.5%, International +39.9%). - Approved interim dividend of ₹0.50 per share (₹1,691 mn total outflow). - Completed Twizza merger into BevCo; entered exclusive distribution pact with Mondelez in Zimbabwe.

Financials Positive

2026-10-30 11:54

Q3 CY26 Consolidated Revenue ₹6,816Cr vs ₹5,112Cr (▲33% YoY) EBITDA ₹1,424Cr vs ₹1,139Cr (▲25% YoY) PAT ₹831Cr vs ₹732Cr (▲14% YoY) EBITDA Margin 20.9% vs 22.3% (▼137bps) Approved 3rd interim dividend of ₹0.50 per equity share (Record date: November 5, 2026)

Financials Positive

2026-10-30 11:52

Q3 CY26 Consolidated Revenue ₹6,816 Cr vs ₹5,112 Cr (▲33.3% YoY) EBITDA ₹1,424 Cr vs ₹1,139 Cr (▲25.1% YoY) PAT ₹831 Cr vs ₹732 Cr (▲13.5% YoY) EBITDA Margin 20.9% vs 22.3% (▼137bps) Approved 3rd interim dividend of ₹0.50 per equity share (Record Date: November 5, 2026)

Financials Positive

2026-10-30 11:51

Q3 FY26 Consolidated Revenue ₹6,815.59 Cr vs ₹5,112.44 Cr (▲33.3% YoY) EBITDA ₹1,424.43 Cr vs ₹1,138.73 Cr (▲25.1% YoY) PAT ₹830.59 Cr vs ₹731.51 Cr (▲13.5% YoY) EBITDA Margin 20.90% vs 22.27% (▼137bps) - Declared 3rd interim dividend of ₹0.50 per equity share with Record Date fixed as November 5, 2026.

Business Update Neutral

2026-10-27 11:07

Concall Schedule Concall Date: October 30, 2026 Concall Time: 2:00 P.M. (IST)

Business Update Neutral

2026-10-27 11:05

Concall Schedule Concall Date: Friday, October 30, 2026 Concall Time: 2:00 PM IST

Governance Positive

2026-10-23 16:05

- Board meeting scheduled on Friday, October 30, 2026. - To consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended September 30, 2026. - To consider declaration of 3rd interim dividend for FY 2026. - Trading window to remain closed until November 1, 2026.

Routine Neutral

2026-10-07 15:52

New Filing detected. See link for details.

Business Update Positive

2026-10-07 15:51

- Varun Beverages Ltd has approved an investment of up to ₹4.10 Crore to acquire up to 26% equity share capital in Jager Renewables Private Limited. - The target entity is a special purpose vehicle engaged in generating and supplying solar power under the group captive model in Uttar Pradesh. - The acquisition aims to source captive solar power for facilities in Gorakhpur, Prayagraj, and other new facilities in Uttar Pradesh to reduce power costs. - The transaction is expected to be completed on or before October 6, 2027.

Business Update Negative

2026-09-30 21:48

CRITICAL RED FLAG DETECTED

- Varun Beverages updated that its subsidiary Bevco's acquisition of Crickley Dairy Proprietary Limited has been referred to The Arbitration Foundation of Southern Africa (AFSA). - The referral is due to the non-fulfillment of conditions precedent by the long stop date of September 30, 2026. - Exposure is limited up to the acquisition cost of ZAR 238 million (INR 1,314.68 million).

Business Update Negative

2026-09-30 21:48

CRITICAL RED FLAG DETECTED

- Varun Beverages updated that the acquisition of Crickley Dairy Proprietary Limited by its subsidiary Bevco has been referred to The Arbitration Foundation of Southern Africa (AFSA). - The referral is due to non-fulfillment of conditions precedent by the long stop date of September 30, 2026. - Exposure is limited up to the acquisition cost of ZAR 238 million.

Business Update Negative

2026-09-30 21:46

- Varun Beverages disclosed that the acquisition of Crickley Dairy Proprietary Limited by its subsidiary Bevco has been referred to arbitration. - The arbitration has been initiated at The Arbitration Foundation of Southern Africa (AFSA). - The dispute arose due to the non-fulfillment of conditions precedent on or before the long stop date of September 30, 2026. - The original acquisition was valued at an enterprise value of ZAR 238 million (approx. INR 1,314.68 million).

Routine Neutral

2026-09-25 16:26

- Trading window for dealing in equity shares will remain closed from Thursday, October 1, 2026. - Closure will continue until 48 hours after the declaration of financial results for the quarter and nine months ending September 30, 2026. - Date of the Board Meeting will be communicated in due course.

Routine Neutral

2026-09-25 16:25

- Trading window for dealing in company equity shares will remain closed from October 1, 2026. - Closure remains effective until 48 hours after declaration of Financial Results for the quarter and nine months ending September 30, 2026. - Date of the Board Meeting will be intimated in due course.

Governance Negative

2026-09-24 17:02

CRITICAL RED FLAG DETECTED

- Mr. Manmohan Rupal Paul has resigned from his position as Chief Operating Officer (Senior Management Personnel) of Varun Beverages Limited. - His last working day and date of cessation is September 24, 2026.

Business Update Positive

2026-09-24 12:49

- Varun Beverages (Zimbabwe) (Private) Limited entered into an Exclusive Distribution Agreement with Mondelez South Africa Proprietary Limited. - Effective Date: October 1, 2026. - Scope: Exclusive distribution of chocolate, biscuit, candy, and gum products in the Republic of Zimbabwe. - Expected benefits include leveraging the snacks distribution network for portfolio expansion. - No capital expenditure is envisaged as the company will use its existing distribution network.

Business Update Neutral

2026-09-18 16:51

- Investor Meeting Schedule - Meeting Date: September 25, 2026 - Location: Gurugram - Management Participants: Mr. Raj Gandhi, Mr. Deepak Dabas, Mr. Manjit Singh - Event: Group meeting with investors at J.P. Morgan India Consumption Forum.

Business Update Neutral

2026-09-18 16:51

- Investor Meeting Schedule - Date of Meeting: September 25, 2026 - Location: Gurugram - Details: The Company will participate in a meeting with a group of investors at the J.P. Morgan India Consumption Forum.

Business Update Neutral

2026-09-15 15:03

- Investor Meeting Schedule - Meeting Dates: September 21, 2026 to September 23, 2026 - Location: Hong Kong - Key Meetings: CITIC Securities (CLSA) 33rd Investor's Forum 2026 and Bofa 2026 Asia Pacific Conference.

Business Update Neutral

2026-09-15 15:03

- Investor Meetings Schedule - Dates: September 21-23, 2026 - Location: Hong Kong - Participants: Mr. Raj Gandhi and Mr. Deepak Dabas - Events: Meetings with investors at CITIC Securities (CLSA) 33rd Investor's Forum 2026 and Bofa 2026 Asia Pacific Conference.

Business Update Positive

2026-09-14 21:07

- Varun Beverages' wholly-owned subsidiary, VBL Industries (Kenya) Limited, launched two new brands in Kenya: BOLT UP (energy drink) and XTREME FIZZ (carbonated soft drink).

Business Update Positive

2026-09-14 21:07

- Varun Beverages' Kenyan subsidiary, VBL Industries (Kenya) Limited, launched two new beverage brands, BOLT UP (energy drink) and XTREME FIZZ (carbonated soft drink), in Kenya on September 14, 2026. - This move expands the company's portfolio and presence, deepening investment in the Kenyan market for long-term growth.

Ownership Neutral

2026-09-11 15:57

- Varun Beverages Limited allotted 29,750 equity shares of face value Rs. 2/- each to eligible employees under the ESOP Scheme 2016 on September 11, 2026. - This allotment increases the company's paid-up shares from 338,24,64,894 to 338,24,94,644 equity shares.

Ownership Neutral

2026-09-11 15:57

- Varun Beverages Limited allotted 29,750 Equity Shares with a face value of Rs. 2/- each on September 11, 2026. The allotment was made to eligible employees under the ESOP Scheme 2016, increasing total paid-up shares.

Business Update Neutral

2026-09-09 10:59

- Investor Meeting Schedule - Meeting Date: September 16, 2026 - Meeting Details: Group of investors at Jefferies India Forum, 2026 in Gurugram. Management participants include Mr. Raj Gandhi, Mr. Deepak Dabas, and Mr. Manjit Singh.

Business Update Neutral

2026-09-09 10:58

- Concall Schedule - Concall Date: September 16, 2026 - Meeting Details: Group of investors at Jefferies India Forum, 2026 in Gurugram

Business Update Positive

2026-08-31 09:24

- Varun Beverages Limited announced the incorporation of its wholly-owned subsidiary, "KIVA Spirits and Company Limited". This updates an earlier disclosure dated August 25, 2026.

Business Update Positive

2026-08-31 09:22

- Varun Beverages Limited announced the incorporation of its wholly-owned subsidiary, “KIVA Spirits and Company Limited”. - This updates an earlier disclosure from August 25, 2026, regarding the approval for the subsidiary's incorporation.

Business Update Positive

2026-08-25 16:23

- Board approved incorporation of a wholly-owned Indian subsidiary (KIVA Spirits and Company Limited) for Ready to Drink (RTD), Alcoholic Beverages and allied products. Its proposed paid-up capital is ₹9 Crore. - Mr. Prathmesh Mishra was appointed as CEO & Managing Director for the new Indian subsidiary. - Approved incorporation of a joint venture company in Tunisia (75% held by Varun Beverages Limited) for production and distribution of beverages including carbonated soft drinks, juices, water and dairy.

Business Update Positive

2026-08-25 16:22

- Board approved incorporation of a wholly-owned subsidiary, KIVA Spirits and Company Limited, in India for Ready To Drink (RTD) alcoholic beverages and allied products. - Mr. Prathmesh Mishra was appointed as CEO & Managing Director of the new Indian subsidiary. - The Board also approved a joint venture company in Tunisia (75% VBL, 25% Bevanda) for the production and distribution of various beverages including soft drinks, juices, water, and dairy.

Business Update Neutral

2026-08-17 20:32

- Varun Beverages announced the completion of the merger of Twizza Proprietary Limited (a step-down subsidiary) with The Beverage Company Proprietary Limited (a subsidiary), as previously disclosed on July 2, 2026. - Consequently, Twizza has ceased to be a step-down subsidiary of the company.

Business Update Neutral

2026-08-17 20:30

- Varun Beverages Limited announced the completion of the merger of its step-down subsidiary, Twizza Proprietary Limited, with its subsidiary, The Beverage Company Proprietary Limited. - Consequently, Twizza has ceased to be a step-down subsidiary of the Company. - This updates an earlier disclosure dated July 2, 2026, regarding the approved merger.

Business Update Positive

2026-08-11 17:31

- Varun Beverages Limited (VBL) received an ESG Rating of '63' for FY 2026 from NSE Sustainability Ratings & Analytics Limited. This rating was '62' for FY 2025.

Business Update Positive

2026-08-11 17:30

- Varun Beverages Limited (VBL) received a voluntarily assigned ESG Rating of '63' for FY 2026 from NSE Sustainability Ratings & Analytics Limited, improving from '62' in FY 2025.

Routine Neutral

2026-08-10 14:14

New Filing detected. See link for details.

Business Update Neutral

2026-08-10 14:14

- Varun Beverages Limited to participate in an investor meeting. - Date: August 17, 2026. - Event: Motilal Oswal 22nd Annual Global Investor Conference, 2026 in Mumbai. - Management Participants: Mr. Raj Gandhi and Mr. Deepak Dabas. - No unpublished price sensitive information will be shared.

Business Update Positive

2026-08-04 20:02

- Varun Beverages reported strong Q2 CY2026 performance with consolidated sales volume growing by 19.8% and net revenue from operations increasing by 20.4%. Consolidated EBITDA grew by 17.2% to ₹23,430.4 million, and PAT increased by 15.1% to ₹15,253.6 million. - EBITDA margin stood at 27.7% in Q2, with a 76bps YoY decline primarily due to the consolidation of Twizza business (which operates at lower margins), though India's EBITDA margins improved by 38bps. - An interim dividend of ₹0.50 per share was approved. CRISIL reaffirmed the company's long-term rating at AAA stable. - The company extended its exclusive bottling and trademark license agreement with PepsiCo in India until April 2049, providing greater operational flexibility. - Strategic alliances include the introduction of the CALPIS brand in India with Asahi Group Holdings and the acquisition of Devyani Food Industries (Kenya) Limited to expand GTM in Africa. - New categories like Value-Added Dairy and Nimbooz are growing over 40% and 30% respectively. - Management expressed confidence in sustaining 20%+ growth in India (post-March, excluding April due to El Nino effects) and maintaining margins despite international cost increases, driven by expanded capacities, diversified portfolio, and distribution network.

Business Update Positive

2026-08-04 20:01

- Q2 CY2026 Consolidated Performance: Sales volume grew by 19.8%, net revenue from operations increased by 20.4% YoY to ₹84,512.3 million, EBITDA grew by 17.2% to ₹23,430.4 million, and PAT grew by 15.1% to ₹15,253.6 million. - EBITDA Margin: Stood at 27.7% in Q2, declining by 76bps YoY primarily due to the consolidation of Twizza (South Africa) which operates at lower margins. India EBITDA margins improved by 38bps. - Strategic Expansions: Extended exclusive bottling and trademark license agreement with PepsiCo in India until April 2049. Entered strategic alliance with Asahi Group Holdings to introduce the CALPIS brand in India and agreed to acquire Devyani Food Industries (Kenya) Limited business for GTM expansion. - Growth Outlook: Management expects continued healthy growth of 20%+ in India (except for April due to weather impact) and sees significant potential in international markets. Value-added dairy (VAD) is growing over 40% and Nimbooz over 30%. - Financial Position & Capital Allocation: VBL India remains net debt-free with a surplus cash of ~₹14,941 million. Consolidated net debt stood at ~₹3,730 million as of June 30, 2026, largely due to the Twizza acquisition. H1 CY2026 net capitalized capex amounted to ~₹9,500 million. - Dividend & Credit Rating: Declared an interim dividend of ₹0.50 per share (25% of face value). CRISIL reaffirmed the company's long-term rating for bank loan facilities at AAA stable.

Business Update Positive

2026-08-04 16:46

- Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary, incorporated a Joint Venture company named "Varun Beverages Holding (Zimbabwe) (Private) Limited" in Zimbabwe on August 3, 2026. - The subsidiary holds a 70% stake in the new JV, which is a holding/investment company.

Business Update Positive

2026-08-04 16:45

- Varun Beverages (Zimbabwe) (Private) Limited, a subsidiary, incorporated a joint venture company named "Varun Beverages Holding (Zimbabwe) (Private) Limited" in Zimbabwe on August 3, 2026. - The subsidiary holds 70% shareholding in the new JV.

Business Update Positive

2026-08-01 13:05

- VBL Industries (Kenya) Limited, a subsidiary of Varun Beverages Limited, successfully completed the acquisition of the value-added dairy beverages, juices, and packaged drinking water business of Devyani Food Industries (Kenya) Limited for USD 32 Million. - The acquisition is effective from August 1, 2026.

Business Update Positive

2026-08-01 13:04

- VBL Industries (Kenya) Limited, a wholly-owned subsidiary, successfully completed the acquisition of Devyani Food Industries (Kenya) Limited's value-added dairy beverages, juices, and packaged drinking water business. - The acquisition was for a consideration of USD 32 Million and is effective from August 1, 2026.

Business Update Neutral

2026-07-28 17:03

- Link to the audio recording of the Investors & Analysts Conference Call held on July 28, 2026, discussing Unaudited Financial Results for the Quarter and Half Year ended June 30, 2026.

Business Update Neutral

2026-07-28 17:01

- Audio recording of Investors & Analysts Conference Call held on July 28, 2026, is available. - The call followed the declaration of Unaudited Financial Results for the Quarter and Half Year ended June 30, 2026.

Financials Positive

2026-07-28 12:32

- Board approved Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended June 30, 2026. - Declared 2nd interim dividend of ₹0.50 (Fifty Paisa only) per Equity Share for FY2026. - The Record Date for the dividend is August 1, 2026, with payment on and from August 4, 2026.

Financials Positive

2026-07-28 12:31

- The Board approved Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended June 30, 2026. - A 2nd interim dividend of ₹0.50 per Equity Share for the Financial Year 2026 was declared. - The Record Date for determining entitlement for the dividend is August 1, 2026, with payment on and from August 4, 2026.

Financials Positive

2026-07-28 12:28

- Board approved Unaudited Financial Results for Quarter and Half Year ended June 30, 2026. - Declared 2nd interim dividend of ₹0.50 per Equity Share for FY 2026. - Record Date for dividend is August 1, 2026; Payment on and from August 4, 2026.

Financials Positive

2026-07-28 12:24

- Consolidated Revenue ₹84,512.3 mn vs ₹70,173.7 mn (▲20.4% YoY) - EBITDA ₹23,430.4 mn vs ₹19,987.7 mn (▲17.2% YoY) - PAT ₹15,253.6 mn vs ₹13,254.9 mn (▲15.1% YoY) - EBITDA Margin 27.7% vs 28.5% (▼76bps) - Extended exclusive bottling and trademark license agreement with PepsiCo in India until April 2049, removing prior SPV restriction. - Entered a strategic alliance with Asahi Group Holdings to introduce the 'CALPIS' brand in India. - Acquired the business of Devyani Food Industries (Kenya) Limited for USD 32 million. - Board approved an interim dividend of ₹0.50 per share (25% of face value).

Financials Positive

2026-07-28 12:23

- Consolidated Revenue ₹8,451.23 Cr vs ₹7,017.37 Cr (▲20.4% YoY) - EBITDA ₹2,343.04 Cr vs ₹1,998.77 Cr (▲17.2% YoY) - PAT ₹1,525.36 Cr vs ₹1,325.49 Cr (▲15.1% YoY) - EBITDA Margin 27.7% vs 28.5% (▼76bps)

Financials Positive

2026-07-28 12:14

- Consolidated Revenue ₹8,650.57 Cr vs ₹7,163.02 Cr (▲20.76% YoY) - EBITDA ₹2,338.75 Cr vs ₹1,997.58 Cr (▲17.08% YoY) - PAT ₹1,525.36 Cr vs ₹1,325.49 Cr (▲15.08% YoY) - EBITDA Margin 27.03% vs 27.89% (▼86bps) - Declared a 2nd interim dividend of ₹0.50 per Equity Share for FY2026. - Acquired 100% of Twizza Proprietary Limited (South Africa) for ~₹11,398 million. - Entered agreement to acquire 100% stake in Crickley Dairy Proprietary Limited (South Africa). - Revised EBA with PepsiCo Inc., extending the term to April 2049. - Formed a business alliance with Asahi Group Holdings to introduce the CALPIS brand in India.

Financials Positive

2026-07-28 12:13

- Consolidated Revenue ₹86,505.70 million vs ₹71,630.21 million (▲21% YoY) - EBITDA ₹23,387.54 million vs ₹19,975.84 million (▲17% YoY) - PAT ₹15,253.55 million vs ₹13,254.88 million (▲15% YoY) - EBITDA Margin 27.03% vs 27.89% (▼86bps) - Board approved 2nd interim dividend of ₹0.50 per Equity Share, with August 1, 2026, as the record date. - Extended Exclusive Bottling Agreement with PepsiCo Inc. until April 30, 2049. - Completed acquisition of Twizza Proprietary Limited and agreed to acquire Crickley Dairy Proprietary Limited in South Africa, expanding business in the region. - Entered into a business alliance with Asahi Group Holdings to introduce the CALPIS brand in India.

Financials Positive

2026-07-28 12:12

- Consolidated Revenue ₹86,505.70Mn vs ₹71,630.21Mn (▲20.77% YoY) - EBITDA ₹23,387.54Mn vs ₹19,975.84Mn (▲17.08% YoY) - PAT ₹15,253.55Mn vs ₹13,254.88Mn (▲15.08% YoY) - EBITDA Margin 27.03% vs 27.89% (▼86bps) - 2nd interim dividend of ₹0.50 per Equity Share for FY2026 declared.

Business Update Neutral

2026-07-22 10:00

- Concall Schedule - Concall Date: Tuesday, July 28, 2026 - Concall Time: 2:30 P.M. (IST)

Business Update Neutral

2026-07-22 10:00

- Concall Schedule - Concall Date: Tuesday, July 28, 2026 - Concall Time: 2:30 P.M. (IST) - Purpose: To discuss Q2 & H1 CY 2026 earnings results.

Governance Positive

2026-07-21 16:02

- Board meeting on July 28, 2026, to approve Unaudited Financial Results for the Quarter and Half Year ended June 30, 2026. - Consideration of 2nd interim dividend for FY2026. - Trading window closed until July 30, 2026.

Governance Positive

2026-07-20 13:02

- Varun Beverages Limited appointed Mr. Sarabjeet Singh Gujral as Chief Human Resources Officer. - Mr. Srinivasan Sourirajan was appointed as Chief Manufacturing Officer. - Both appointments are effective July 20, 2026.

Governance Positive

2026-07-20 13:02

- Varun Beverages Limited announced the appointment of two Senior Management Personnel. - Mr. Sarabjeet Singh Gujral has been appointed as Chief Human Resources Officer. - Mr. Srinivasan Sourirajan has been appointed as Chief Manufacturing Officer. - The appointments are effective from July 20, 2026.

Governance Positive

2026-07-20 13:00

- Varun Beverages Limited appointed Mr. Sarabjeet Singh Gujral as Chief Human Resources Officer and Mr. Srinivasan Sourirajan as Chief Manufacturing Officer, effective July 20, 2026.

Governance Negative

2026-07-07 16:41

CRITICAL RED FLAG DETECTED

- Mr. Sanjay Mukherjee, Senior Management Personnel and Chief Supply Chain Officer, has resigned from Varun Beverages Limited. - He was relieved from duties effective July 7, 2026 due to personal reasons.

Governance Negative

2026-07-07 16:40

CRITICAL RED FLAG DETECTED

- Varun Beverages Limited announced the resignation of Mr. Sanjay Mukherjee, Chief Supply Chain Officer (Senior Management Personnel). - Mr. Mukherjee was relieved from his duties effective July 7, 2026, due to personal reasons.

Business Update Positive

2026-07-06 16:21

- VBL Kenya, a subsidiary, acquired Devyani Food Industries (Kenya) Limited's dairy, juice, and water business for USD 32 Million (~INR 3,050 million). - This acquisition strengthens VBL's Kenya presence and facilitates launching new carbonated soft drinks by August 1, 2026.

Business Update Positive

2026-07-06 16:20

- VBL Industries (Kenya) Limited, a wholly-owned subsidiary of Varun Beverages Limited (VBL), will acquire the value-added dairy Beverages, Juices, and Packaged Drinking Water business from Devyani Food Industries (Kenya) Limited (DFIL Kenya), a promoter group company. - The acquisition is for a consideration of USD 32 Million (~INR 3,050 million). - This strategic acquisition aims to deepen VBL's penetration in Kenya and the broader East African region, leveraging DFIL Kenya's existing manufacturing infrastructure and distribution capabilities. - VBL Kenya also plans to launch a carbonated soft drinks range using the acquired facilities. - The transaction is expected to be completed on or before August 1, 2026.

Business Update Positive

2026-07-02 15:47

- Varun Beverages' subsidiary, The Beverage Company Proprietary Limited (Bevco), and its step-down subsidiary, Twizza Proprietary Limited, approved a merger of Twizza into Bevco in South Africa. - The merger aims to enable business synergies and optimize operational costs. - Twizza's turnover for FY25 was ZAR 1,695 Million, and Bevco's consolidated turnover was ZAR 4,818 Million. No cash consideration is involved.

Business Update Positive

2026-07-02 15:47

- Varun Beverages Limited's subsidiary, The Beverage Company Proprietary Limited (Bevco), and step-down subsidiary, Twizza Proprietary Limited (Twizza), approved their merger in South Africa. - Rationale for merger: To enable synergies of business operations and optimization of operational cost. - Twizza's turnover for FY ended June 30, 2025, was ZAR 1,695 Million, and Bevco's consolidated turnover was ZAR 4,818 Million. - No change in the shareholding pattern of Varun Beverages Limited is expected.

Ownership Neutral

2026-07-01 15:55

- Allotment of 1,68,750 Equity Shares of face value Rs. 2/- each to eligible employees under the Employees Stock Option Scheme 2016. - The paid-up shares of the Company increased from 338,22,96,144 to 338,24,64,894 Equity Shares.

Ownership Neutral

2026-07-01 15:54

- Allotment of 1,68,750 Equity Shares of face value Rs. 2/- each to eligible employees under ESOP 2016 on July 1, 2026. - Post-allotment, total paid-up shares increased from 3,38,22,96,144 to 3,38,24,64,894.

Routine Neutral

2026-06-25 11:43

- Trading Window for insiders closed from July 1, 2026, until 48 hours after the declaration of Financial Results for the Quarter and Half Year ending June 30, 2026. - The Board Meeting date for declaring financial results will be intimated in due course.

Routine Neutral

2026-06-25 11:43

- Intimation regarding closure of Trading Window for Varun Beverages Limited (VBL). - The trading window will be closed from Wednesday, July 1, 2026, until 48 hours after the declaration of financial results for the Quarter and Half Year ending June 30, 2026.

Business Update Positive

2026-06-18 10:57

- Varun Beverages Limited (VBL) has formed a business alliance with Asahi Group Holdings Ltd. to introduce the 'Calpis' brand of ready-to-drink, non-alcohol/non-carbonated dairy-based products in India. - The launch of 'Calpis' (Original and Mango flavors) is expected in the second half of 2026 or thereafter. - Under the alliance, Asahi Group will provide product development and technical support, while Varun Beverages will handle manufacturing, distribution, and sales in the Indian market.

Business Update Positive

2026-06-18 10:57

- Varun Beverages Limited (VBL) has entered into an alliance with Asahi Group Holdings Ltd. (Japan) to introduce the "Calpis" brand of ready-to-drink, non-alcohol/non-carbonated dairy-based products in India. - VBL will be responsible for manufacturing, distribution, and sales of Calpis products in India. - The launch of Calpis beverages, starting with Original and Mango flavors, is expected in the second half of 2026 or thereafter.

Business Update Neutral

2026-05-26 16:49

Varun Beverages Limited will participate in investor meetings on June 3 and June 4, 2026, in Mumbai. Mr. Raj Gandhi and Mr. Deepak Dabas will represent the management at group investor meetings organized by Bofa, Morgan Stanley, and Citi. The company stated that no unpublished price sensitive information will be shared during these meetings.

Business Update Neutral

2026-05-26 16:48

Varun Beverages Limited will participate in investor meetings on June 3 & 4, 2026, in Mumbai. Management representatives Mr. Raj Gandhi and Mr. Deepak Dabas will meet with groups of investors at the Bofa, Morgan Stanley, and Citi India conferences. The company stated that no unpublished price sensitive information will be shared during these meetings.

Business Update Positive

2026-05-21 19:54

Varun Beverages Limited (VBL) has revised its Exclusive Bottling Appointment and Trademark License Agreement (EBA) with PepsiCo Inc. for India. The term of the EBA has been extended by 10 years, from April 30, 2039, to April 30, 2049. Additionally, a prior restriction that limited VBL to operating solely as a Special Purpose Vehicle (SPV) for PepsiCo's business has been deleted, granting VBL greater operational flexibility.

Business Update Positive

2026-05-21 19:51

Varun Beverages Limited (VBL) and PepsiCo Inc. have entered into a revised Exclusive Bottling Appointment and Trademark License Agreement (EBA) for India. The EBA has been extended for a term up to April 30, 2049, from the earlier term of April 30, 2039. Additionally, a previous restriction limiting VBL to act solely as an SPV for PepsiCo business has been removed, providing greater operational flexibility.

Business Update Neutral

2026-05-11 16:50

Varun Beverages Limited (VBL) announced its participation in a group investor meeting at the Motilal Oswal-Annual Singapore Corporate Day in Singapore on May 19, 2026. The meeting will be attended by Mr. Raj Gandhi and Mr. Deepak Dabas from management. The company confirmed that no unpublished price sensitive information will be shared during the meeting.

Business Update Positive

2026-05-04 12:05

Management expressed strong confidence for continued double-digit growth over the next 5-10 years in India, driven by robust consumption, aggressive distribution expansion (aiming for half a million new outlets this year), and strong performance of new products like energy drinks and dairy. The company is well-prepared for potential inflationary pressures with strategic raw material inventory and operational efficiencies from new, larger plants (3-4 year payback, 30% RoCE). International business growth (21.4%) is bolstered by Twizza and Crickley Dairy acquisitions in South Africa, projected to add approximately Rs. 1,000 crore in consolidated revenue. India CAPEX for CY26 is expected to be less than Rs. 500-600 crore. Q1 CY2026 saw consolidated sales volumes grow 16.3% YoY, Revenue 18.1%, EBITDA 21%, and PAT 20.1% YoY, with a declared interim dividend of Rs. 0.50 per share.

Business Update Neutral

2026-04-27 16:46

Varun Beverages Limited has submitted the audio recording of its Investors & Analysts Conference Call held on April 27, 2026. The call was conducted post declaration of Unaudited Financial Results for the quarter ended March 31, 2026. The recording is accessible via the provided web link.

Routine Positive

2026-04-27 16:08

Varun Beverages Limited allotted 2,01,750 equity shares on April 27, 2026, to eligible employees under the ESOP 2016 scheme, increasing total paid-up equity shares from 338,20,94,394 to 338,22,96,144.

Financials Positive

2026-04-27 12:15

Board approved Q4 FY26 unaudited financial results and declared an interim dividend of ₹0.50 per equity share for FY26. May 1, 2026 is the record date for dividend entitlement.

Financials Positive

2026-04-27 12:10

Consolidated Revenue ₹6,574.19Cr vs ₹5,566.94Cr (▲18.1% YoY), EBITDA ₹1,528.93Cr vs ₹1,263.96Cr (▲21.0% YoY), PAT ₹878.71Cr vs ₹731.36Cr (▲20.1% YoY). EBITDA Margin 23.3% vs 22.75% (▲55bps).

Financials Positive

2026-04-27 12:07

Consolidated Revenue ₹6,574.2Cr vs ₹5,566.6Cr (▲18.1% YoY), EBITDA ₹1,528.9Cr vs ₹1,263.6Cr (▲21.0% YoY). EBITDA Margin 23.25% vs 22.70% (▲55bps). (PAT data not provided in the excerpt). The company also announced an interim dividend of ₹0.50 per share and completed the acquisition of Twizza in South Africa.

Financials Positive

2026-04-27 12:01

Consolidated Revenue ₹6,721.54Cr vs ₹4,334.80Cr (▲55.1% YoY), EBITDA ₹1,524.98Cr vs ₹636.67Cr (▲139.5% YoY), PAT ₹878.71Cr vs ₹260.00Cr (▲238.0% YoY). EBITDA Margin 22.7% vs 14.7% (▲800bps). The board also approved an interim dividend of ₹0.50 per equity share.

Business Update Neutral

2026-04-22 14:40

Varun Beverages Limited issued a Corporate Guarantee of ZAR 770 Million on April 22, 2026, on behalf of its subsidiary, The Beverage Company Proprietary Limited, in favour of JPMorgan Chase Bank, N.A. This secures a credit facility for the subsidiary and is valid until April 21, 2029. The company stated no impact on the listed entity.

Financials Neutral

2026-04-21 16:19

Varun Beverages will host a conference call for investors and analysts on Monday, April 27, 2026, at 2:30 PM IST to discuss its Q1 CY 2026 results and developments.

Business Update Positive

2026-04-15 17:04

Varun Beverages Limited acquired 29.99% equity in FPEL HR2 Energy Private Limited for ₹1.58 Cr to secure solar power for captive consumption in Haryana. This updates a previous intimation from February 3, 2026.

Business Update Positive

2026-04-14 16:20

Varun Beverages Limited received an ESG Score of '74.2' for FY2025 from SES ESG Research Private Limited, an improvement from '66.4' in FY2024. The company voluntarily submitted the report.

VBL

Varun Beverages Limited

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