Varun Beverages Board to meet on this date to consider Q3 2025 results. Details here

Varun Beverages, one of the largest franchisees of PepsiCo worldwide (outside the US), today announced the date for the release of the company’s September quarter performance. The company said its board will meet on Wednesday 29 October 2025 to consider and approve financial results for Q3CY25. The company follows January 1 to December 31 as its financial year. “We wish to inform you that a meeting of the Board of Directors of the Company will be held on Wednesday, October 29, 2025, inter alia, to consider and approve the Unaudited Financial Results of the Company, both on a standalone and consolidated basis, for the quarter and nine months ended September 30, 2025,” the company said in today’s filing. It also shared details regarding the closure of the trade window, which it said remains closed until October 31, 2025. Analysts expect weak quarter amid heavy rains Analysts expect a weak quarter from the company as heavy rains during the quarter adversely affected categories such as carbonated beverages, beverages, beer and ice creams. Although the September quarter is seasonally weak, year-on-year growth may suffer as last year’s winter was mild. They also pointed out that political uncertainty in Nepal, which accounts for 3% of the company’s consolidated revenue, could weigh slightly on its performance. Recently, Campa has also entered the Nepal market. Nuvama Institutional Equities forecast the company’s India volumes to fall 2% y-o-y, on an underlying growth of 5.7%, while revenue is expected to decline 4% y-o-y. “July and August were weak due to heavy rains compared to last year, but September reported some pullback due to the withdrawal of monsoon in the north,” Nuvama Institutional Equities said. The brokers estimate that consolidated volume will grow by 1% year-on-year. For the international market, it forecasts growth of 8% year-on-year and expects consolidated EBITDA to increase by 5.6% year-on-year. In terms of margins, Nuvama expects consolidated gross margin to decline by 54 basis points year-on-year to 55%, while EBITDA margins are expected to expand by 104 basis points year-on-year to 25% due to operational efficiencies. Domestic brokerage firm Elara Capital expects the company to post below-average volume growth amid adverse weather, inventory reduction and increased competition. It expects the company’s revenue to rise 31.4% QoQ to ₹48,110 million, flat YoY, and expects EBITDA to decline to ₹10,931 million on both a sequential and YoY basis. On the bottom line, the brokers estimate that the company’s net profit will fall by a sharp 52.8% to ₹6,215 million and remain flat compared to the same period last year. Varun Beverages share price trend After remaining under pressure for two consecutive months, the company’s shares performed strongly in October, rising 3.55% so far, but are yet to cross the September highs. Amid increased volatility, the shares have lost 28% of their value so far in 2025, and if the trend continues towards the end of the year, it will be their first annual decline since listing in 2016. The shares have closed higher for the past seven calendar years, with 2022 as the best annual return of 123%. Looking at their long-term performance, the shares are trading with gains of over 127% in three years and 670% in the last five-year period. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to check with certified experts before making any investment decisions.