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Varun Beverages: Healthy margins

October 07, 2025

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Financial Express Kochi

DRIVEN BY FAVOURABLE INPUT COSTS AND BACKWARD INTEGRATION

FOR VARUN BEVERAGES, Q3 is expected to be relatively uneventful in terms of volumes, as the beverage industry in India faces a wet-weather quarter leading to softer demand.

The India business is projected to grow by around 2% in volume, while the international business is expected to see a stronger organic volume growth of about 12%. Additionally, favourable input costs and the continued advantages of backward integration are likely to support healthy margins and profitability.

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