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Varun Beverages Ltd (VBL), the key bottling partner of PepsiCo in India, on Wednesday reported an 18.5% year-on-year increase in consolidated profit after tax (PAT) to ₹745.2 crore for the quarter ended September 2025. The company had posted a PAT of ₹628.83 crore in the corresponding quarter of the previous year.
In a regulatory filing, VBL said the profit growth was driven by lower finance costs and higher other income, which included interest on deposits in India and gains from favourable currency movements in international markets.
Consolidated revenue from operations stood at ₹5,047.74 crore in the September quarter, compared with ₹4,932.06 crore in the same period last year. Total expenses rose to ₹4,253.18 crore from ₹4,156.09 crore a year ago.
VBL, which follows the calendar year as its financial year, reported a 2.4% increase in consolidated sales volumes to 273.8 million cases in Q3 CY2025 from 267.5 million cases in Q3 CY2024. Despite heavy rainfall across India during the quarter, international markets continued to perform strongly.
While domestic volumes remained largely flat, international sales rose 9%, led by robust growth in South Africa.
Commenting on the results, VBL Chairman Ravi Jaipuria said, “We have delivered a steady performance during the quarter, with consolidated sales volumes rising by 2.4%, supported by healthy traction in international markets. While domestic volumes were subdued due to prolonged rainfall, our international operations continued to perform well.”
Looking ahead, Jaipuria said the company remains optimistic about long-term growth prospects in India. “Despite the temporary impact of the extended monsoon season, we see immense opportunities driven by low per capita consumption and increasing penetration in semi-urban and rural markets,” he added.
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