India's Varun Beverages quarterly profit rises on robust demand

Varun Beverages

27/04/2026 08:38

Corrects period to first-quarter, not fourth-quarter in paragraph 1

April 27 (Reuters) - Varun Beverages VARB.NS,  PepsiCo's PEP.O biggest bottling partner in India, reported a higher first-quarter profit on Monday, boosted by higher demand across domestic and international markets.

The company said net profit rose 20.1% to 8.72 billion rupees ($92.54 million) in the quarter ended March 31.

Consolidated sales volumes in India rose 14.4%, while international markets posted 21.4% growth.

Revenue from operations expanded 18.4% year-on-year to 67.22 billion rupees, and expenses jumped 9.8%.

"Demand remained encouraging during the quarter, supported by our wide distribution reach, strengthened execution, and continued investments in manufacturing capacity and chilling infrastructure," Varun Beverages Chairman Ravi Jaipuria said.

Acquisitionof Twizza in South Africa expected to generate meaningful operational and commercial synergies over time in Africa’s largest soft drinks market, the company said.

Beverage maker has been ramping up manufacturing capacity and distribution infrastructure to capture rising demand, positioning itself as a key growth engine for PepsiCo outside the U.S.

($1 = 94.2300 Indian rupees)

(Reporting by Mridula Kumar and Vijay Malkar in Bengaluru; Editing by Harikrishnan Nair)

((VijayDattaram.Malkar@thomsonreuters.com; +91 8097833031;))