Varun Beverages Limited reported earnings results for the third quarter and nine months ended September 30, 2025. For the third quarter, the company reported sales was INR 50,477.42 million compared to INR 49,320.61 million a year ago. Revenue was INR 51,957.67 million compared to INR 49,563.11 million a year ago. Net income was INR 7,411.9 million compared to INR 6,196.13 million a year ago. Basic earnings per share from continuing operations was INR 2.19 compared to INR 1.91 a year ago. Diluted earnings per share from continuing operations was INR 2.19 compared to INR 1.91 a year ago.
For the nine months, sales was INR 178,907.89 million compared to INR 166,637.13 million a year ago. Revenue was INR 181,440.3 million compared to INR 167,403.42 million a year ago. Net income was INR 27,847.02 million compared to INR 24,094.87 million a year ago. Basic earnings per share from continuing operations was INR 8.23 compared to INR 7.42 a year ago. Diluted earnings per share from continuing operations was INR 8.23 compared to INR 7.41 a year ago.
Varun Beverages Limited is an India-based company, which is a franchisee of PepsiCo. It produces and distributes a range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by it include Pepsi, Pepsi Black, Mountain Dew, Sting, Seven-Up, Mirinda Orange, Seven-Up Nimbooz Masala Soda and Evervess. PepsiCo NCB brands produced and sold by it include Tropicana Slice, Tropicana Juices (100% and Delight), Seven-Up Nimbooz, Gatorade as well as packaged drinking water under the brand Aquafina. It has approximately 34 manufacturing plants in India and over six manufacturing plants in international geographies (two in Nepal and one each in Sri Lanka, Morocco, Zambia and Zimbabwe). Its subsidiaries include Varun Beverages (Nepal) Private Limited, Varun Beverages Lanka (Private) Limited, The Beverage Company Proprietary Limited, and others.
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