Varun Beverages Limited — Investor Meet, 04-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Varun Beverages posted strong Q2 results: Revenue jumped 20.4% to Rs. 8,451.23 Cr, EBITDA rose 17.2% to Rs. 2,343.04 Cr, and PAT grew 15.1% to Rs. 1,525.36 Cr. Volume growth was robust, with India up 14.4% and international markets soaring 38.4%.

Management is confident about long-term growth, citing an extended PepsiCo partnership until 2049, a new alliance with Asahi for the CALPIS brand, and strategic acquisitions in Africa. They are prioritizing profitable growth over aggressively pursuing the Rs. 10 price point, aiming for 20%+ volume growth. Value-added dairy (+40%) and Nimbooz (+30%) are strong performers. Clarifications regarding 'energy' labeling for STING from FSSAI are expected to bring volumes back on track. Investor sentiment appears confident on the future outlook.