Varun Beverages Ltd., a prominent bottler for PepsiCo, announced a significant 14% increase in its second-quarter net profit, reaching ₹828 crore for the September quarter. This marks a rise from ₹727.5 crore recorded in the same period last year.
The company also reported robust revenue growth, which climbed 33% year-on-year to ₹6,815.5 crore, up from ₹5,112.4 crore in the second quarter of the previous fiscal year. These positive financial results were disclosed on Friday, October 30, 2026.
Stock Market Reaction
Despite the strong earnings report, Varun Beverages' shares experienced a downturn in the market. The fast-moving consumer goods (FMCG) stock slipped 4% to trade at ₹396.85. A total of 2.33 lakh shares were traded, amounting to a turnover of ₹9.50 crore, and the company's market capitalization fell to ₹1.34 lakh crore.
The share price movement places the PepsiCo bottler's stock below its 5-day, 10-day, 20-day, 30-day, 50-day, 150-day, and 200-day simple moving averages. This recent decline continues a broader downtrend for Varun Beverages, with the stock having fallen 34% over the last two years and 11% in the past three months.
Key Financial Metrics
- Net Profit: ₹828 crore (up 14% YoY)
- Revenue: ₹6,815.5 crore (up 33% YoY)
- EBITDA: Increased by 25.1% to ₹1,426.5 crore, compared to ₹1,140 crore a year ago.
- EBITDA Margin: Stood at 21% for the quarter, a slight decrease from 22.3% on a year-on-year basis.
Varun Beverages is a key franchisee for PepsiCo, responsible for producing and distributing a wide array of carbonated soft drinks (CSDs), non-carbonated beverages (NCBs), and packaged drinking water under PepsiCo's trademarks.