Integrated Filing — IndAS



General information about company
Scrip Code 540180
NSE Symbol VBL
MSEI Symbol NOTLISTED
ISIN INE200M01039
Name of company VARUN BEVERAGES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Jan-2025
Date of end of financial year 31-Dec-2025
Date of board meeting when results were approved 29-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Manufacturing and Distribution of Beverages
Start date and time of board meeting 29-Jul-2025   11:00:00
End date and time of board meeting 29-Jul-2025   11:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Jan-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 71630210000 128430470000
Other income 771580000 1052160000
Total income 72401790000 129482630000
2 Expenses
(a) Cost of materials consumed 28454040000 55164750000
(b) Purchases of stock-in-trade 991230000 1703070000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 2465750000 333830000
(d) Employee benefit expense 5496580000 10611600000
(e) Finance costs 365470000 776710000
(f) Depreciation, depletion and amortisation expense 3061510000 5786640000
(f) Other Expenses
1 Excise Duty 1456500000 2587410000
2 Other Expenses 12778380000 25402440000
Total other expenses 14234880000 27989850000
Total expenses 55069460000 102366450000
3 Total profit before exceptional items and tax 17332330000 27116180000
4 Exceptional items 0 0
5 Total profit before tax 17332330000 27116180000
6 Tax expense
7 Current tax 3663640000 5954510000
8 Deferred tax 401920000 575550000
9 Total tax expenses 4065560000 6530060000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 13266770000 20586120000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -11890000 -17660000
16 Total profit (loss) for period 13254880000 20568460000
17 Other comprehensive income net of taxes 222660000 397860000
18 Total Comprehensive Income for the period 13477540000 20966320000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 13170240000 20435120000
Total profit or loss, attributable to non-controlling interests 84640000 133340000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 13403830000 20840840000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 73710000 125480000
21 Details of equity share capital
Paid-up equity share capital 6763830000 6763830000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.89 6.04
Diluted earnings (loss) per share from continuing operations 3.89 6.04
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.89 6.04
Diluted earnings (loss) per share from continuing and discontinued operations 3.89 6.04
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025
Date of end of reporting period 30-Jun-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 141808090000
Capital work-in-progress 5907390000
Investment property 0
Goodwill 3178100000
Other intangible assets 11329890000
Intangible assets under development 75180000
Biological assets other than bearer plants 0
Investments accounted for using equity method 1267530000
Non-current financial assets
Non-current investments 82950000
Trade receivables, non-current 0
Loans, non-current 232250000
Other non-current financial assets 1099000000
Total non-current financial assets 1414200000
Deferred tax assets (net) 206770000
Other non-current assets 1835490000
Total non-current assets 167022640000
2 Current assets
Inventories 30733390000
Current financial asset
Current investments 0
Trade receivables, current 11988240000
Cash and cash equivalents 19738030000
Bank balance other than cash and cash equivalents 1751660000
Loans, current 0
Other current financial assets 10593700000
Total current financial assets 44071630000
Current tax assets (net) 68820000
Other current assets 5260020000
Total current assets 80133860000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 247156500000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 6763830000
Other equity 176869410000
Total equity attributable to owners of parent 183633240000
Non controlling interest 1433280000
Total equity 185066520000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 9939110000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 9939110000
Provisions, non-current 2072310000
Deferred tax liabilities (net) 5488820000
Deferred government grants, Non-current 0
Other non-current liabilities 9910000
Total non-current liabilities 17510150000
Current liabilities
Current financial liabilities
Borrowings, current 11443410000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 704980000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 12993180000
Total Trade payable 13698160000
Other current financial liabilities 7727970000
Total current financial liabilities 32869540000
Other current liabilities 7405030000
Provisions, current 780190000
Current tax liabilities (Net) 3525070000
Deferred government grants, Current 0
Total current liabilities 44579830000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 62089980000
Total equity and liabilites 247156500000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) In Assse Liabilities- n n i.Property, plant and equipment includes Right of use assets nii. Non-current liabilities- Borrowings includes Lease liabilities niii. Current liabilities- Borrowings includes Lease liabilities n nOperating activities ni. Other adjustments for non-cash items includes:- n(Gain)/Loss on disposal/written off of property, plant and equipment (Net), Bad debts written off, Excess provisions and liabilities written back, Gain on sale of current investments and Allowance for expected credit loss. nii.Adjustments for increase (decrease) in other current assets includes Increase in current and non-current financial assets and other current and non-current assets niii .Adjustments for increase (decrease) in other current liabilities includes Increase/(Decrease) in current financial liabilities and other current and non-current liabilities and provisions. n nInvesting activities: n ni. Other inflows (outflows) of cash includes:- Change in other bank balances nii.Cash flow used in obtaining control in subsidiaries and other business includes:- nInvestment made in associates, joint ventures & others and Consideration paid for acquisition under business combination (Net) n nFinancing activities: ni. Repayment from borrowings includes:- Repayment of long term borrowings, (Repayments)/Proceeds of short-term borrowings (Net) nii. Proceeds from exercise of Stock options includes Proceeds from issue of equity shares including share premium thereon (QIP & ESOPs) and Share issue expenses paid



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025 01-Jan-2025
Date of end of reporting period 30-Jun-2025 30-Jun-2025
Whether accounts are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025 01-Jan-2025
B Date of end of reporting period 30-Jun-2025 30-Jun-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss -33640000 -29540000
Total Amount of items that will not be reclassified to profit and loss -33640000 -29540000
2 Income tax relating to items that will not be reclassified to profit or loss -8160000 -6940000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 248140000 420460000
Total Amount of items that will be reclassified to profit and loss 248140000 420460000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 222660000 397860000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 27116180000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 776710000
Adjustments for decrease (increase) in inventories -2289520000
Adjustments for decrease (increase) in trade receivables, current -3168480000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 1716860000
Adjustments for decrease (increase) in other non-current assets 482810000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 5786640000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains -1172930000
Adjustments for dividend income 0
Adjustments for interest income 260170000
Adjustments for share-based payments 16950000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -261640000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1627230000
Net cash flows from (used in) operations 28743410000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 3093460000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 25649950000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 773120000
Other cash receipts from sales of equity or debt instruments of other entities 256090000
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 130640000
Purchase of property, plant and equipment 16274080000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 395940000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 101770000
Net cash flows from (used in) investing activities -16162760000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 64460000
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 3580250000
Repayments of borrowings 11465150000
Payments of lease liabilities 474090000
Dividends paid 3381980000
Interest paid 742970000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -12419480000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -2932290000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 7490000
Net increase (decrease) in cash and cash equivalents -2924800000
Cash and cash equivalents cash flow statement at beginning of period 22662830000
Cash and cash equivalents cash flow statement at end of period 19738030000