VARUN BEVERAGES: Shares Drop 3% Despite 14% Profit Growth;

s shares declined over 3% on Friday following its Q3 CY2026 results, despite reporting healthy growth in net profit and revenue. Increased packaging costs affected operating margins, offsetting the benefits of higher sales volumes across domestic and overseas markets. KEY FINANCIAL HIGHLIGHTS 🔹 Net Profit: Rose 13.5% year-on-year to ₹830.59 crore. 🔹 Revenue: Jumped 33.2% compared with the corresponding quarter last year. 🔹 Operating Margins: Came under pressure due to elevated packaging expenses. 🔹 Sales Performance: Higher volumes across Indian and international markets supported overall business growth. STOCK PERFORMANCE 🔹 Share Price: Traded at ₹402.15, down 3.05% during Friday's session. 🔹 2026 Performance: The stock has declined 18.2% so far this year, compared with an 11.7% fall in the Nifty 50. 🔹 Market Capitalisation: Approximately ₹1.36 lakh crore. MARKET TAKEAWAY Despite strong revenue expansion and double-digit profit growth, rising input costs and shrinking operating margins weighed on investor sentiment. Market participants will monitor margin recovery and volume growth in upcoming quarters. #VarunBeverages #VBL #Q3Results #CY2026 #QuarterlyResults #FMCGStocks #PepsiCo #StockMarket #NSE #BSE #NiveshResearch Investment in securities market are subject to market risks. Read all the related documents carefully before investing.