Varun Beverages Ltd posted a consolidated profit after tax (PAT) of ₹745.2 crore in Q3 CY2025, up 18.5% year-on-year from ₹628.8 crore in the same quarter last year. Revenue from operations rose modestly by 1.9% to ₹4,896.6 crore.
The earnings boost was driven by lower finance costs, higher other income, favourable foreign-currency movements and returns on deposits. While EBITDA margins softened due to rising costs, the company’s strategic move into alcoholic beverages via a partnership with Carlsberg Group in Africa marks a notable expansion beyond carbonated drinks. The firm also established a subsidiary in Kenya to strengthen its African footprint.
What to watch & investor angle:
The blend of steady earnings growth and expansion into new geographies offers a compelling case for long-term growth. However, investors should keep an eye on cost pressures and domestic volume growth, which remains subdued. For those weighing “buy/sell/hold”, holding or accumulating gradually may suit longer-term exposure, rather than expecting rapid near-term gains.
