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VBL Consumer 30 Oct 2025

Varun Beverages Ltd — Q3 FY25

Varun Beverages reported a subdued Q3 CY2025 with consolidated revenue of INR 4,897 crore (+1.9% YoY) and volume growth of 2.4% to 273.8 million cases, impacted by prolonged rai...

neutral medium
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Revenue ₹3,689 Cr +1.9%
EBITDA ₹1,147 Cr
PAT ₹196 Cr +18.5%
EBITDA Margin 16% -60bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

Delivery score0%
Due this quarter1
Delivered0
Missed1

Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.

Q2 FY25

Snacks plant in Zimbabwe to start in October 2025

The snacks plant in Zimbabwe is expected to commence production in October-November 2025, following the Morocco plant which started in June 2025.

Missed

Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.

heuristic_v1