Varun Beverages shares in a bull run: Eight things investors should know about Q3 earnings
Varun Beverages stock: Investors lapped up shares, which ended 9.17% higher at Rs 495.45 today.

- Oct 29, 2025,
- Updated Oct 29, 2025 4:55 PM IST
PepsiCo bottler Varun Beverages reported its Q3 earnings on Wednesday. Enthused by specific announcements, investors lapped up shares, which ended 9.17% higher at Rs 495.45 today. Market cap of Varun Beverages climbed to Rs 1.67 lakh crore. The Indian firm reported a 18.5% rise in net profit for the quarter ended September 2025. Profit rose to Rs 745.1 crore in Q3 against Rs 628.8 crore on a YoY basis. The company follows January to December period as a year for reporting annual and quarterly earnings.
Here's a look at key things investors should know from the Q3 earnings today.
1. Varun Beverages has formed a joint venture, “White Peak Refrigeration Private Limited” in partnership with Everest International Holdings Limited, to carry on the business of manufacturing of visi-coolers and other refrigeration equipment in India.
2. Consolidated sales volumes climbed 2.4%, led by 9% international growth; domestic demand was impacted by prolonged rains.
3. South Africa continued strong performance — focus on strengthening market position and operational efficiency via backward integration.
4. The company is setting up a wholly owned subsidiary in Kenya to expand beverage manufacturing & distribution.
5. Varun Beverages also announced a partnership with Carlsberg for beer business in Africa. Select African subsidiaries to test-market Carlsberg Beer under exclusive distribution — boosting product diversification & regional growth.
6. The company's Morocco snacks facility is now fully operational; Zimbabwe plant nearing commissioning — expanding beyond beverages.
7. Despite monsoon softness, long-term domestic growth outlook remains strong with low per-capita consumption & rising rural penetration.
8. The company is making continued investments in capacity, distribution & cold chain to support recovery and drive sustainable growth ahead.
PepsiCo bottler Varun Beverages reported its Q3 earnings on Wednesday. Enthused by specific announcements, investors lapped up shares, which ended 9.17% higher at Rs 495.45 today. Market cap of Varun Beverages climbed to Rs 1.67 lakh crore. The Indian firm reported a 18.5% rise in net profit for the quarter ended September 2025. Profit rose to Rs 745.1 crore in Q3 against Rs 628.8 crore on a YoY basis. The company follows January to December period as a year for reporting annual and quarterly earnings.
Here's a look at key things investors should know from the Q3 earnings today.
1. Varun Beverages has formed a joint venture, “White Peak Refrigeration Private Limited” in partnership with Everest International Holdings Limited, to carry on the business of manufacturing of visi-coolers and other refrigeration equipment in India.
2. Consolidated sales volumes climbed 2.4%, led by 9% international growth; domestic demand was impacted by prolonged rains.
3. South Africa continued strong performance — focus on strengthening market position and operational efficiency via backward integration.
4. The company is setting up a wholly owned subsidiary in Kenya to expand beverage manufacturing & distribution.
5. Varun Beverages also announced a partnership with Carlsberg for beer business in Africa. Select African subsidiaries to test-market Carlsberg Beer under exclusive distribution — boosting product diversification & regional growth.
6. The company's Morocco snacks facility is now fully operational; Zimbabwe plant nearing commissioning — expanding beyond beverages.
7. Despite monsoon softness, long-term domestic growth outlook remains strong with low per-capita consumption & rising rural penetration.
8. The company is making continued investments in capacity, distribution & cold chain to support recovery and drive sustainable growth ahead.
