Varun Beverages Board Approves FY25 Results with ₹0.50 Final Dividend

2 min read Updated on 03 Feb 2026, 12:17 PM

Reviewed by

Naman SScanX News Team

Overview

Varun Beverages Limited's Board approved audited FY25 results with strong financial performance including 8.52% revenue growth and 16.23% net profit increase. The Board recommended a final dividend of ₹0.50 per share and approved strategic investment up to ₹1.58 crore in solar energy project for captive power consumption at Haryana facilities.

*this image is generated using AI for illustrative purposes only.

Varun Beverages Limited's Board of Directors approved the audited financial results for the quarter and financial year ended December 31, 2025, at their meeting held on February 3, 2026. The meeting, which commenced at 11:00 AM and concluded at 11:55 AM, also saw the Board recommend a final dividend and approve strategic investments in renewable energy.

Board Meeting Outcomes

The Board approved several key resolutions including the audited financial results with unmodified opinion from joint statutory auditors M/s. O P Bagla & Co. LLP and M/s. J C Bhalla & Co. The Board recommended a final dividend of ₹0.50 per equity share of nominal value ₹2.00 each, subject to shareholder approval. Additionally, the 31st Annual General Meeting was scheduled for April 1, 2026, to be conducted through video conferencing.

Board Decisions:	Details
Meeting Duration:	11:00 AM to 11:55 AM
Final Dividend:	₹0.50 per share
AGM Date:	April 1, 2026
AGM Mode:	Video Conferencing

Financial Performance Overview

The company delivered strong consolidated financial performance for FY25, with revenue from operations reaching ₹222,255.84 million compared to ₹204,813.28 million in FY24. Net profit after tax for the full year stood at ₹30,620.42 million, up from ₹26,342.85 million in the previous financial year.

Financial Metric:	FY25	FY24	Growth
Revenue from Operations:	₹222,255.84 million	₹204,813.28 million	8.52%
Net Profit After Tax:	₹30,620.42 million	₹26,342.85 million	16.23%
Basic EPS:	₹8.98	₹7.95	12.96%
Total Assets:	₹255,651.56 million	₹231,439.10 million	10.47%

Quarterly Results

For the quarter ended December 31, 2025, consolidated revenue from operations was ₹43,347.95 million compared to ₹38,176.15 million in Q4 FY24. The quarterly net profit after tax reached ₹2,600.04 million versus ₹1,956.44 million in the corresponding quarter of the previous year.

Q4 Performance:	Q4 FY25	Q4 FY24	Change
Revenue:	₹43,347.95 million	₹38,176.15 million	+13.55%
Net Profit:	₹2,600.04 million	₹1,956.44 million	+32.91%
Basic EPS:	₹0.74	₹0.56	+32.14%

Strategic Solar Energy Investment

The Board approved investment of up to 30% equity share capital in FP&L HR2 Energy Private Limited, a special purpose vehicle incorporated on August 1, 2025, for solar power generation in Haryana. This investment, capped at ₹1.58 crore, aims to provide solar power for captive consumption at facilities in Nuh, Panipat, and other locations in Haryana under the group captive model envisaged under the Electricity Act, 2003.

Investment Details:	Specifications
Investment Amount:	Up to ₹1.58 crore
Shareholding:	Up to 30%
Purpose:	Solar power for captive use
Target Completion:	On or before November 2, 2026
SPV Incorporation:	August 1, 2025

Leadership Continuity

The Board approved the continuation of Mr. Abhiram Seth (DIN: 00176144) as Non-Executive Independent Director, subject to shareholder approval at the upcoming AGM, upon his attaining age of 75 years on December 8, 2026. Mr. Seth, who holds a graduate degree in Economics from Delhi University and Masters in Management Studies from Jamnalal Bajaj Institute, has been serving as Independent Director since May 2, 2023, for a five-year term until May 1, 2028.

Historical Stock Returns for Varun Beverages

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.32%	-5.90%	-9.65%	-12.84%	-23.41%	+476.87%

Varun Beverages

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Varun Beverages Q3 Results: Revenue Up 13.4%, Net Profit Rises 39%

1 min read Updated on 03 Feb 2026, 12:10 PM

Reviewed by

Naman SScanX News Team

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Overview

Varun Beverages delivered strong Q3 financial performance with revenue growing 13.4% year-on-year to ₹43.3 billion and consolidated net profit surging 39% to ₹2.51 billion. Despite robust top-line and bottom-line growth, the company experienced margin compression with EBITDA margin declining 38 basis points to 14.8%, and net profit fell short of analyst estimates by 19%.

*this image is generated using AI for illustrative purposes only.

Varun Beverages has announced its third quarter financial results, showing robust year-on-year growth across revenue and profitability metrics despite missing analyst projections and experiencing margin compression. The beverage company's consolidated performance demonstrated strong momentum with double-digit growth in both top-line and bottom-line figures compared to the previous year.

Financial Performance Overview

The company's quarterly results present a comprehensive picture of growth across key financial metrics:

Metric	Q3 Current Year	Q3 Previous Year	Analyst Estimate	Variance
Revenue	₹43.3 billion	₹38.2 billion	-	+13.4% YoY
Consolidated Net Profit	₹2.51 billion	₹1.80 billion	₹3.10 billion	+39% YoY, -19% vs estimate
EBITDA	₹6.4 billion	₹5.8 billion	-	+10.34% YoY
EBITDA Margin	14.8%	15.18%	-	-38 bps YoY

Revenue and Profitability Growth

Varun Beverages delivered strong top-line performance with revenue increasing 13.4% year-on-year from ₹38.2 billion to ₹43.3 billion, reflecting robust demand and business expansion. The 39% year-on-year increase in consolidated net profit from ₹1.80 billion to ₹2.51 billion demonstrates the company's ability to expand its profitability base. This growth of ₹0.71 billion in absolute terms reflects operational improvements and business expansion during the quarter.

EBITDA Performance and Margin Analysis

EBITDA showed solid growth, rising from ₹5.8 billion to ₹6.4 billion, representing a 10.34% year-on-year increase. However, the company experienced margin compression with EBITDA margin declining to 14.8% from 15.18% in the previous year. This 38 basis points decline suggests increased operational costs or pricing pressures that impacted profitability margins despite higher absolute earnings.

Market Expectations vs Reality

While the company achieved substantial growth in both revenue and net profit compared to the previous year, it fell short of market expectations on the profitability front. Analysts had estimated consolidated net profit of ₹3.10 billion for the quarter, with actual results falling short by approximately ₹0.59 billion, representing a 19% variance from estimates. This gap highlights the challenges in accurately forecasting beverage industry results.

Performance Outlook

The financial results showcase Varun Beverages' continued growth trajectory in the competitive beverage market. The significant year-on-year improvement in revenue, net profit, and EBITDA indicates strong operational execution and market demand, while the margin compression and shortfall against estimates suggest market conditions or operational factors that impacted efficiency during the quarter.

Historical Stock Returns for Varun Beverages