Varun Beverages Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Varun Beverages reported resilient Q2 results despite unseasonal rains impacting India volumes (down 7.1%). Consolidated revenue stood at Rs. 7,017.3 Cr (down 2.5%), with PAT up 5% to Rs. 1,325.49 Cr, boosted by strong international growth (+15.1% volumes) and currency benefits. EBITDA margin improved to 28.5% due to operational efficiencies and new plant commissions. Management highlighted cost controls, enhanced capacities, and strong international performance, including the new Morocco snacks plant. The Indian business is now net debt-free. The company eyes international expansion and acquisitions, expressing confidence in sustainable long-term growth.