Varun Beverages Q1 Sales Up 30%, Net Profit Jumps 34%

30 Apr 2025 , 12:43 PM

Varun Beverages Ltd., a major global bottling partner of PepsiCo, reported its Q1 CY2025 financials on Wednesday, April 30. The organization posted a robust 30.1% year-on-year increase in consolidated sales volume at 312.4 million cases for the March quarter.

The growth was fueled by a 15.5% organic volume expansion in India, supplemented by inorganic contributions from South Africa and the Democratic Republic of Congo (DRC).

In India, net realisation per case increased by 1.8%, while realisation was flat elsewhere in international markets, except for a fall in South Africa. Consolidated net realisation per case declined 0.9% year-on-year mainly on account of reduced pricing in South African own-brand products.

Net profit increased 34% YoY to ₹726.2 crore, bolstered by robust volume expansion and operating efficiency. Revenue of the company increased 29% YoY to ₹5,567 crore in the quarter.

EBITDA was at ₹1,264 crore, up 27.8% from the corresponding period last year, while EBITDA margins edged down marginally to 22.7%, down 20 basis points YoY.

To meet increasing demand and enhance supply capacity, Varun Beverages started operations at two new greenfield sites in Kangra (Himachal Pradesh) and Prayagraj (Uttar Pradesh) before the summer season. Besides, two greenfield facilities in Bihar and Meghalaya are on track, with commercial operations soon to begin, says Chairman Ravi Jaipuria. The company also made its operation more efficient through backward integration facility at Prayagraj and DRC, making its supply chain network robust.