India's Varun Beverages rises after fourth-quarter results

Varun Beverages

27/04/2026 10:57

Corrects to say first-quarter, not fourth-quarter, in headline and bullet 2

** PepsiCo PEP.O bottler Varun Beverages' VARB.NS shares rise 2.2% to 501.25 rupees

** Co reports higher Q1 profit boosted by strong demand across domestic and international markets

** Net profit rises 20.1% to 8.72 billion rupees in the quarter ended March 31

** Revenue from operations rises 18.4% to 67.22 billion rupees, and expenses jump 9.8%

** "Demand remained encouraging during the quarter," chairman Ravi Jaipuria says

** Sales volumes in India rise 14.4%, while international markets post 21.4% growth

** Twenty-two of 25 brokerages rate the stock "buy" or higher; their median PT is 550 rupees

** VARB trades at a forward 12-months PE of 47.63 vs industry median of 47

** YTD, stock up 5.6% vs a 7.1% decline in the BSE Fast Moving Consumer Goods Index .BSESCGIP

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))