Outcome of Board Meeting

VARUn BEVERAGES July 28, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Block G, C/l, Bandra Kurla Phiroze Jeejeebhoy Towers Complex, Bandra (E), Mumbai - 400 051 Dalal Street, Mumbai - 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Symbol: VBL Security Code: 540180 Su bject: Outcome of the Board Meeting & Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Reouirements) Regulations, 2015 Dear Sir/Madam, The Board of Directors at their meeting held today (started at 11:00 A.M. and concluded at 11:55 A.M.) inter-alia considered and approved the following: (i) The Unaudited Financial Results of the Company (Standalone and Consolidated) for the Quarter and Half Year ended June 30, 2026 (Copy of the same along-with Limited Review Report issued by M/s. O P Bagla & Co. LLP and M/s. J C Bhalla & Co., Chartered Accountants, Joint Statutory Auditors of the Company, with unmodified opinion are attached and the same are being uploaded on website of the Company). (ii) The payment of 2nd interim dividend of ^0.50 (Fifty Paisa only) per Equity Share for the Financial Year 2026 on the total issued, subscribed and paid-up 338,24,64,894 Equity Shares of the nominal value of ^2/- (Rupees Two only) each. (iii) Pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, fixed Saturday, August 1, 2026 as the "Record Date" for the purpose of determining entitlement of Equity Shareholders for receipt of 2nd interim dividend. The 2nd interim dividend will be paid on and from Tuesday, August 4, 2026 to those shareholders whose name appears in the Register of Members of the Company or in the list of beneficial owners maintained by the Depositories as on Saturday, August 1, 2026. Further, please note that our Company is following 1st January to 31st December as its financial year in terms of Section 2(41) of the Companies Act, 2013 as approved by Company Law Board. You are requested to take the above on record. Yours faithfully, For Varun Beverages Limited Mew Bain RayuBatra V Chief Risk Officer & Group Company Seer Encl.: As above VARUN BEVERAGES LIMITED Corporate Office: 2 - - " Ph; ' - ■ - IW: . : . GIN: ; ' , - - j Registered Office: - ” - - . E: ... Ph: f VARUH BEVERAGES VARUN BEVERAGES LIMITED Corporate identification number: L74899DL1995PLC069839 Registered office: F-2/7, Okhia Industrial Area, Phase-!, New Delhi-110020 Corporate office: RJ Corp House, Piot No-31, Institutional Area, Sector-44, Gurugram-122002 (Haryana) Tel: +91-124-4643100, Fax: +91-124-4643303, E-mail: complianceofficer@rjcorp.in, Website: www.varunbeverages.com Statement of consolidated financial results for the quarter and half year ended on 30 June 2026 (^ in million, except per share data) Particulars Three months Three months Three months Six months Six months ended Year ended on ended on ended on ended on ended on on 30 June 2026 31 March 2026 30 June 2025 30 June 2026 30 June 2025 31 December 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Income (a) Revenue from operations 86,505.70 67,215.37 71,630.21 153,721.07 128,430.47 222,255.84 (b) Other income 1,043.81 435.28 771.58 1,479.09 1,052.16 3,523.48 Total income 87,549.51 67,650.65 72,401.79 155,200.16 129,482.63 225,779.32 2. Expenses (a) Cost of materials consumed 36,534.94 31,522.02 28,454.04 68,056.96 55,164.75 93,370.62 (b) Excise duty 1,993.38 1,473.47 1,456.50 3,466.85 2,587.41 5,402.05 (c) Purchases of stock-in-trade 1,826.30 652.11 991.23 2,478.41 1,703.07 3,694.53 (d) Changes in inventories of finished goods, (297.62) (2,717.68) 2,465.75 (3,015.30) 333.83 89.14 intermediate goods, stock-in-trade and work- in-progress (e) Employee benefits expense 6,832.37 6,192.73 5,496.58 13,025.10 10,611.60 22,007.43 (f) Finance costs 569.23 485.25 365.47 1,054.48 776.71 1,695.79 (g) Depreciation and amortisation expense 4,090.35 3,567.94 3,061.51 7,658.29 5,786.64 12,164.63 (h) Other expenses 16,185.96 14,803.45 12,778.38 30,989.41 25,402.44 47,198.38 Total expenses 67,734.91 55,979.29 55,069.46 123,714.20 102,366.45 185,622.57 3. Profit before share of loss of associates 19,814.60 11,671.36 17,332.33 31,485.96 27,116.18 40,156.75 and joint ventures (1-2) 4. Share of toss of associates and joint ventures (42.83) (39.47) (11.89) (82.30) (17.66) (60.27) 5. Profit before tax (3+4) 19,771.77 11,631.89 17,320.44 31,403.66 27,098.52 40,096.48 6. Tax expense: (a) Current tax 4,420.29 2,702.47 3,663.64 7,122.76 5,956.37 8,389.07 (b) Adjustment of tax relating to earlier (0.01) (0.01) (1.86) 16.90 periods/year (c) Deferred tax charge 97.94 142.29 401.92 240.23 575.55 1,070.09 Total tax expense 4,518.22 2,844.76 4,065.56 7,362.98 6,530.06 9,476.06 7. Net profit after tax (5-6) 15,253.55 8,787.13 13,254.88 24,040.68 20,568.46 30,620.42 8. Other comprehensive Income A. Items that will not be reclassified to profit 20.32 24.60 (33.64) 44.92 (29.54) 265.91 or toss B. Income tax relating to items that will not be (4.86) (6.44) 8.16 (11.30) 6.94 (67.34) reclassified to profit or toss C. Items that will be reclassified to profit or 405.37 895.92 248.14 1,301.29 420.46 4,141.21 loss D. Income tax relating to items that will be - - reclassified to profit or loss Total other comprehensive income 420.83 914.08 222.66 1,334.91 397.86 4,339.78 9. Total comprehensive income for the 15,674.38 9,701.21 13,477.54 25,375.69 20,966.32 34,960.20 periods/year (7+8) 10. Net profit attributable to: A Owners of the Company 15,207.97 8,723.55 13,170.24 23,931.52 20,435.12 30,364.89 B Non-controlling interest 45.58 63.58 84.64 109.16 133.34 255.53 11. Other comprehensive income/(loss) attributable to: A Owners of the Company 402.95 847.05 233.59 1,250.00 405.72 4,275.86 B Non-controlling interest 17.88 67.03 (10.93) 84.91 (7.86) 63.92 12. Total comprehensive income attributable A Owners of the Company 15,610.92 9,570.60 13,403.83 25,181.52 20,840.84 34,640.75 B Non-controlling interest 63.46 130.61 73.71 194.07 125.48 319.45 13. Paid-up equity share capital (face value of 6,764.59 6,764.19 6,763.83 6,764.59 6,763.83 6,763.98 ? 2 each) 14. Other equity 210,941.95 176,869.41 189,023.06 15. Earnings per share (of ? 2/- each) (not annualised for quarters and half years) (a) Basic 4.50 2.58 3.89 7.08 6.04 8.98 (b) Diluted 4.50 2.58 3.89 7.07 6.04 8.98 See accompanying notes BEVERAGES VARUN BEVERAGES LIMITED Corporate identification number: L74899DL1995PLC069839 Registered office: F-2/7, Okhla Industrial Area, Phase-I, New Delhi-110020 Corporate office: RJ Corp House, Plot No-31, Institutional Area, Sector-44, Gurugram-122002 (Haryana) Tel: +91-124-4643100, Fax: +91-124-4643303, E-mail: complianceofficer@ijcorp.in, Website: www.varunbeverages.com Statement of consolidated assets and liabilities 30 June 2026 31 December 2025 (Unaudited) (Audited) Assets Non-current assets (a) Property, plant and equipment 146,358.86 138,373.67 (b) Capital work-in-progress 4,877.67 2,663.04 (c) Right of use assets 13,912.32 13,690.47 (d) Goodwill 8,231.32 3,542.13 (e) Other intangible assets 15,464.33 11,983.00 (f) Intangible assets under development - 44.83 (g) Investment in associates and joint ventures 2,240.68 1,632.62 (h) Financial assets (i) Investments 196.51 110.16 (ii) Loans 371.73 261.01 (iii) Other financial assets 1,215.79 1,128.25 (i) Deferred tax assets (Net) 241.60 244.40 (j) Other non-current assets 3,653.68 3,017.55 Total non-current assets (A) 196,764.49 176,691.13 Current assets (a) Inventories 39,896.85 29,517.89 (b) Financial assets (i) Trade receivables 16,477.47 12,490.31 (ii) Cash and cash equivalents 21,257.42 17,841.77 (iii) Bank balances other than (ii) above 4,426.63 2,143.14 (iv) Other financial assets 16,822.63 11,721.11 (c) Current tax assets (Net) 246.85 59.66 (d) Other current assets 6,146.31 5,120.15 Total current assets (B) 105,274.16 78,894.03 Assets classified as held for sale (C) 66.40 66.40 Total assets ( [Showing first 8,000 characters — download PDF for full document]