Varun Beverages revenue rises 20.4% in Q2, but shares fall over 3.5%
PepsiCo bottler Varun Beverages reported Q2 revenue of Rs 8,451 crore and net profit of Rs 1,521 crore, up 20.4% and 15.5% year-on-year, respectively. EBITDA margin narrowed to 27.7% from 28.5%, while the board approved a Rs 0.50-per-share second interim dividend.
PepsiCo bottler Varun Beverages reported double-digit Q2 revenue, profit and EBITDA growth, though margins narrowed. Its shares fell over 3.5% following results. The board approved a second interim dividend of Rs 0.50 per share and investors are tracking African expansion.
Why this matters
The result follows a Q2 earnings preview and a prior report of 15% profit growth on 20% revenue growth. Varun Beverages shares had also slipped below Rs 500 amid negative 2026 returns.
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