Varun Beverages shares fell more than 3 percent on Friday after the PepsiCo bottler reported a 13.5 percent year-on-year increase in consolidated net profit for the July-September quarter (Q3 CY2026), supported by strong sales volumes in India and international markets. However, higher packaging costs weighed on profitability, leading to a contraction in operating margins.
Varun Beverages stock was trading at Rs 402.15 in afternoon trade, down 3.05 percent from its previous close. The stock has declined 18.2 percent so far in 2026, underperforming the Nifty 50, which has fallen 11.7 percent during the same period. The company's market capitalisation stood at Rs 1.36 lakh crore.
Varun Beverages reported a consolidated net profit of Rs 830.59 crore for the July-September quarter, up 13.5 percent from Rs 731.51 crore in the corresponding quarter last year.
Revenue from operations rose 33.2 percent year-on-year to Rs 6,607.56 crore from Rs 4,960.69 crore, driven by robust sales volume growth across its domestic and international businesses. Consolidated sales volumes increased 28.7 percent to 354.4 million cases from 275.3 million cases a year earlier.
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