VBL

Varun Beverages Limited

Source: NSE · Updated 4 Nov, 11:32 pm IST

Filed 30 Oct, 02:55 pm IST Q2 FY27 (Sep ’26)Consolidated₹ millions

Revenue

68,155.86

▲ 35.0% vs Q2 FY26

Operating profit (EBITDA, derived from filing)

14,267.09

▲ 24.3% vs Q2 FY26

Net profit

8,305.92

▲ 11.5% vs Q2 FY26

EPS (₹)

2.45

▲ 11.9% vs Q2 FY26

Operating margin

20.9%

−180 bps vs Q2 FY26

Net margin

12.2%

−260 bps vs Q2 FY26

Revenue up, profit up vs Q2 FY26

Revenue+35% vs Q2 FY26 · −21% vs Q1 FY27

Profit+11% vs Q2 FY26 · −46% vs Q1 FY27

View official filing ↗

Numbers from the company's structured XBRL filing on NSE, cross-checked with P&L totals.

Previous-quarter and year-ago figures: as originally reported in those quarters' NSE filings; filing PDF not available to confirm restatements.

Quarter comparison

Item	Q2 FY27 (Sep ’26)	Q1 FY27 (Jun ’26)	vs Q1 FY27	Q2 FY26 (Sep ’25)	vs Q2 FY26
Revenue from operations	68,155.86	86,505.7	▼ 21.2%	50,477.42	▲ 35.0%
Other income	1,198.62	1,043.81	▲ 14.8%	1,480.25	▼ 19.0%
Total income	69,354.48	87,549.51	▼ 20.8%	51,957.67	▲ 33.5%
Total expenses	58,805.5	67,734.91	▼ 13.2%	42,531.8	▲ 38.3%
Operating profit (EBITDA)*	14,267.09	23,430.37	▼ 39.1%	11,473.76	▲ 24.3%
Profit before tax	10,548.98	19,814.6	▼ 46.8%	9,425.87	▲ 11.9%
Tax expense	2,220.24	4,518.22	▼ 50.9%	1,957.19	▲ 13.4%
Net profit	8,305.92	15,253.55	▼ 45.5%	7,451.92	▲ 11.5%
EPS (₹)	2.45	4.50	▼ 45.6%	2.19	▲ 11.9%
Operating margin	20.9%	27.1%	−620 bps	22.7%	−180 bps
Net margin	12.2%	17.6%	−540 bps	14.8%	−260 bps

Showing Q2 FY27 (Sep ’26) and change vs Q2 FY26. Turn your phone sideways for Q1 FY27 (Jun ’26).

Figures in ₹ millions except EPS. Consolidated figures from the company's XBRL filing on NSE. Each row is shown only if it reconciles with the others (e.g. PBT − tax = net profit); rows we couldn't verify are left out. Net margin = net profit ÷ revenue. *Operating profit (EBITDA), derived from the filing: profit before exceptional items and tax + finance costs + depreciation − other income. Operating margin = EBITDA ÷ revenue.

All Varun Beverages results, dividends & filings ›

Other results filed 30 Oct

POLICYBZR PB Fintech Limited›GMRP&UI GMR Power and Urban Infra Limited›IOLCP IOL Chemicals and Pharmaceuticals Limited›SHAREINDIA Share India Securities Limited›FINPIPE Finolex Industries Limited›LCCPROJECT LCC Projects Limited›TI Tilaknagar Industries Limited›IRMENERGY IRM Energy Limited›QUESS Quess Corp Limited›RELIANCE Reliance Industries Limited›ZEEL Zee Entertainment Enterprises Limited›CHEMBOND Chembond Material Technologies Limited›

Today's results ›

VARUN BEVERAGES Q2 FY27 ; NET PROFIT UP 11% AT ₹831 CR (YOY), DOWN 46% (QOQ)

REVENUE UP 35% AT ₹6,816 CR (YOY), DOWN 21% (QOQ)

EBITDA UP 24% AT ₹1,427 CR (YOY), DOWN 39% (QOQ)

MARGINS AT 20.9% VS 22.7% (YOY), 27.1% (QOQ)

https://resultkal.com/r/vbl-2026-10-30
Source: NSE filing · not investment advice

FAQ

When did Varun Beverages announce Q2 FY27 results?

Varun Beverages filed its results on NSE on 30 Oct, 02:55 pm IST.

What does QoQ and YoY mean?

QoQ compares with the previous quarter; YoY compares with the same quarter last year. Growth is calculated from the figures in the filing.

Are these Varun Beverages figures official?

They are auto-read from the company's NSE filing and may contain errors. Always confirm with the official PDF linked on this page.

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Figures are auto-read from the company's NSE filing and may contain errors. Check the official filing before deciding. Not investment advice.

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