Varun Beverages Approves FY26 Interim Dividend Amid Strategic Investments and Strong Quarterly Financial Results
Varun Beverages Limited announced key corporate decisions following its Board of Directors meeting on April 27, 2026. The Board approved the company's unaudited financial results for the quarter ending March 31, 2026, and declared an interim dividend of ₹ 0.50 per Equity Share for the Financial Year 2026.The company is issuing the dividend to shareholders whose name appears in the Register of Members or the list of beneficial owners maintained by the Depositories as of the Record Date, fixed at May 1, 2026. The payment of the interim dividend is scheduled to commence on or from May 5, 2026. Varun Beverages Limited confirmed that it follows the calendar year (January 1 to December 31) as its financial year.
Quarterly Financial Highlights
The company released comprehensive standalone and consolidated financial results for the quarter ended March 31, 2026.Consolidated Financial Results
The following table summarizes the key figures (in millions, except per share data) for the quarter ended March 31, 2026:| Particulars | Three months ended on 31 March 2026 (Unaudited) | Total income | Total expenses | Net profit after tax | Total comprehensive income |
|---|---|---|---|---|---|
| Revenue from operations | 67,215.37 | 67,650.65 | 55,979.29 | 8,787.13 | 9,701.21 |
Standalone Financial Results
The standalone results for the quarter ended March 31, 2026, showed:| Particulars | Three months ended on 31 March 2026 | Total income | Total expenses | Net profit after tax | Total comprehensive income |
|---|---|---|---|---|---|
| Revenue from operations | 45,005.54 | 45,748.76 | 35,314.39 | 7,879.07 | 7,900.11 |
Strategic Growth and Investments
Varun Beverages Limited also provided updates on its international acquisitions and domestic investments:- Acquisition in South Africa: On March 18, 2026, a subsidiary of the company, The Beverage Company Proprietary Limited, acquired 100% share capital of Twizza Proprietary Limited (incorporated under South African law). The enterprise value for this acquisition, including term loans and working capital, was ZAR 2,053 Million (equivalent to ₹ 11,398 Million). Twizza Proprietary Limited is engaged in the manufacturing and distribution of its own branded non-alcoholic beverages.
- Binding Agreement in South Africa: Separately, on March 17, 2026, the company's subsidiary in South Africa, The Beverages Company Proprietary Limited, entered into an agreement to acquire 100% stake in Crickley Dairy Proprietary Limited. This acquisition, which focuses on the manufacturing and distribution of value-added dairy and juice based drinks, has an enterprise value of ZAR 238.00 million (equivalent to ₹ 1,314.68 Million). The indicative time period for completion is on or before September 30, 2026.
In terms of investments in India, the company took two steps:
- It subscribed 29.99% equity share capital for ₹ 15.84 million in FPEL HR2 Energy Private Limited, a special purpose vehicle focused on solar power for captive consumption in Haryana.
- Additionally, the company acquired 23% equity share capital for ₹ 70.51 million of Jager Renewables Two Private Limited, a special purpose vehicle dedicated to solar power for captive consumption in Rajasthan. Following this transaction, Varun Beverages Limited holds 49% equity share capital in Jager Renewables Two Private Limited.
VBL Stock Price Movement
Shares of Varun Beverages Limited are gaining momentum, edging up to ₹497.3 as of 12:12 PM today, adding ₹6.85 to its value. The stock is seeing strong conviction in live trading, bolstered by total traded volume hitting 4.21 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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